Intuitive Surgical, Inc. (ISRG) Position Increased by SVA Plumb Wealth Management LLC
SVA Plumb Wealth Management LLC boosted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,224 shares of the medical equipment provider’s stock after buying an additional 96 shares during the quarter. SVA Plumb Wealth Management LLC’s holdings in Intuitive Surgical were worth $5,822,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its stake in Intuitive Surgical by 2.2% in the 1st quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock valued at $109,000 after buying an additional 3 shares in the last quarter. D. Scott Neal Inc. acquired a new stake in Intuitive Surgical in the 2nd quarter valued at $120,000. Parallel Advisors LLC boosted its stake in Intuitive Surgical by 10.1% in the 1st quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock valued at $129,000 after buying an additional 14 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Intuitive Surgical in the 1st quarter valued at $190,000. Finally, Aureus Asset Management LLC acquired a new stake in Intuitive Surgical in the 1st quarter valued at $205,000. 94.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of Intuitive Surgical, Inc. (ISRG) traded down 0.03% during trading on Tuesday, hitting $1045.16. The stock had a trading volume of 39,541 shares. Intuitive Surgical, Inc. has a 52 week low of $610.71 and a 52 week high of $1,054.77. The company has a market capitalization of $38.83 billion, a price-to-earnings ratio of 50.06 and a beta of 0.38. The company’s 50 day moving average price is $970.87 and its 200 day moving average price is $876.81. Intuitive Surgical shares are going to split before the market opens on Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly issued shares will be payable to shareholders after the closing bell on Thursday, October 5th.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.05. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The company had revenue of $756.20 million for the quarter, compared to analysts’ expectations of $724.51 million. During the same quarter in the previous year, the firm posted $1.87 EPS. Intuitive Surgical’s revenue was up 12.8% on a year-over-year basis. Analysts predict that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current year.
In other Intuitive Surgical news, SVP Mark J. Meltzer sold 500 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $1,025.00, for a total transaction of $512,500.00. Following the sale, the senior vice president now owns 2,796 shares of the company’s stock, valued at approximately $2,865,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jamie Samath sold 242 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $949.01, for a total transaction of $229,660.42. Following the sale, the vice president now directly owns 23 shares in the company, valued at approximately $21,827.23. The disclosure for this sale can be found here. Insiders have sold a total of 23,172 shares of company stock worth $21,923,487 in the last three months. Insiders own 2.20% of the company’s stock.
ISRG has been the topic of several recent analyst reports. Bank of America Corporation reaffirmed a “buy” rating and issued a $333.33 price target on shares of Intuitive Surgical in a research note on Thursday, June 1st. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $341.33 price objective for the company in a research report on Wednesday, May 31st. BidaskClub downgraded Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) initiated coverage on Intuitive Surgical in a research report on Tuesday, May 16th. They issued a “buy” rating and a $333.33 price objective for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $366.67 price objective (up previously from $283.33) on shares of Intuitive Surgical in a research report on Saturday, July 22nd. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $366.12.
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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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