Virtu KCG Holdings LLC Sells 270 Shares of Intuitive Surgical, Inc. (ISRG)
Virtu KCG Holdings LLC reduced its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 16.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,363 shares of the medical equipment provider’s stock after selling 270 shares during the period. Virtu KCG Holdings LLC’s holdings in Intuitive Surgical were worth $1,275,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ISRG. Guardian Life Insurance Co. of America lifted its position in shares of Intuitive Surgical by 2.2% during the first quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock worth $109,000 after purchasing an additional 3 shares in the last quarter. D. Scott Neal Inc. acquired a new position in shares of Intuitive Surgical during the second quarter worth $120,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Intuitive Surgical during the second quarter worth $120,000. Parallel Advisors LLC lifted its position in shares of Intuitive Surgical by 10.1% during the first quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock worth $129,000 after purchasing an additional 14 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Intuitive Surgical during the first quarter worth $190,000. 94.23% of the stock is currently owned by institutional investors and hedge funds.
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Intuitive Surgical, Inc. (NASDAQ ISRG) opened at 1045.88 on Friday. 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 cap of $38.85 billion, a price-to-earnings ratio of 50.09 and a beta of 0.38. The stock’s 50 day moving average is $990.40 and its 200 day moving average is $891.23. Shares of Intuitive Surgical are set to split on Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly issued shares will be issued to shareholders after the closing bell on Thursday, October 5th.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $1.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.05. The company had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the business earned $1.87 earnings per share. On average, analysts predict that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current fiscal year.
A number of research analysts have recently commented on the stock. Vetr raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $340.11 target price on the stock in a research report on Thursday, August 17th. Cantor Fitzgerald assumed coverage on shares of Intuitive Surgical in a research report on Thursday, June 29th. They set a “neutral” rating and a $333.33 target price on the stock. Morgan Stanley reissued an “overweight” rating and set a $356.67 target price (up from $316.67) on shares of Intuitive Surgical in a research report on Tuesday, July 25th. Canaccord Genuity reissued a “hold” rating and set a $333.33 target price (up from $290.00) on shares of Intuitive Surgical in a research report on Wednesday, July 26th. Finally, Barclays PLC boosted their target price on shares of Intuitive Surgical from $290.00 to $333.33 and gave the stock an “overweight” rating in a research report on Friday, July 21st. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $411.32.
In other Intuitive Surgical news, EVP Salvatore Brogna sold 899 shares of Intuitive Surgical stock in a transaction on Friday, September 1st. The stock was sold at an average price of $1,001.90, for a total transaction of $900,708.10. Following the completion of the transaction, the executive vice president now directly owns 570 shares of the company’s stock, valued at $571,083. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary S. Guthart sold 17,975 shares of Intuitive Surgical stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $937.27, for a total value of $16,847,428.25. Following the transaction, the chief executive officer now directly owns 101,798 shares of the company’s stock, valued at $95,412,211.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,172 shares of company stock valued at $21,923,487. Company insiders own 2.20% of the company’s stock.
Intuitive Surgical Company 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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