Skandinaviska Enskilda Banken AB publ Purchases 300 Shares of Intuitive Surgical, Inc. (ISRG)
Skandinaviska Enskilda Banken AB publ increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,458 shares of the medical equipment provider’s stock after buying an additional 300 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Intuitive Surgical were worth $2,251,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in ISRG. ETF Managers Group LLC purchased a new stake in shares of Intuitive Surgical during the second quarter worth approximately $110,000. Harvest Fund Management Co. Ltd acquired a new position in Intuitive Surgical in the second quarter valued at approximately $120,000. Parallel Advisors LLC boosted its holdings in Intuitive Surgical by 3.9% in the second quarter. Parallel Advisors LLC now owns 159 shares of the medical equipment provider’s stock valued at $149,000 after purchasing an additional 6 shares in the last quarter. Lincoln National Corp acquired a new position in Intuitive Surgical in the third quarter valued at approximately $200,000. Finally, MUFG Americas Holdings Corp acquired a new position in Intuitive Surgical in the third quarter valued at approximately $208,000. Hedge funds and other institutional investors own 32.81% of the company’s stock.
A number of equities analysts recently issued reports on ISRG shares. Wedbush reaffirmed a “buy” rating on shares of Intuitive Surgical in a report on Tuesday, October 10th. Barclays reaffirmed an “overweight” rating on shares of Intuitive Surgical in a report on Friday, October 20th. Zacks Investment Research downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Vetr raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $113.59 price target for the company in a report on Monday, August 28th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $333.33 price target on shares of Intuitive Surgical in a report on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Intuitive Surgical presently has a consensus rating of “Buy” and a consensus target price of $155.78.
In other news, insider Craig H. Barratt sold 15,000 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $371.18, for a total value of $5,567,700.00. Following the completion of the sale, the insider now directly owns 7,500 shares of the company’s stock, valued at $2,783,850. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Curet Myriam sold 262 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $373.00, for a total value of $97,726.00. The disclosure for this sale can be found here. Insiders sold 55,944 shares of company stock valued at $21,432,971 over the last three months. Corporate insiders own 2.20% of the company’s stock.
Shares of Intuitive Surgical, Inc. (ISRG) opened at $369.50 on Wednesday. The firm has a market capitalization of $44,444.88, a P/E ratio of 52.49, a PEG ratio of 5.51 and a beta of 0.48. Intuitive Surgical, Inc. has a fifty-two week low of $203.57 and a fifty-two week high of $405.05.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.78. The business had revenue of $806.10 million during the quarter, compared to the consensus estimate of $753.25 million. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. The company’s revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.06 earnings per share. research analysts anticipate that Intuitive Surgical, Inc. will post 7.85 EPS for the current fiscal year.
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Intuitive Surgical Profile
Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.
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