Intuitive Surgical, Inc. (ISRG) Holdings Lifted by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans raised its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,390 shares of the medical equipment provider’s stock after purchasing an additional 40 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Intuitive Surgical were worth $1,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in ISRG. Guardian Life Insurance Co. of America increased its position in shares of Intuitive Surgical by 2.2% during 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 purchasing an additional 3 shares during the last quarter. D. Scott Neal Inc. bought a new stake in shares of Intuitive Surgical during the 2nd quarter worth $120,000. Parallel Advisors LLC raised its stake in shares of Intuitive Surgical by 10.1% during the 1st quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock worth $129,000 after purchasing an additional 14 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Intuitive Surgical during the 1st quarter worth $190,000. Finally, Aureus Asset Management LLC bought a new stake in shares of Intuitive Surgical during the 1st quarter worth $205,000. Hedge funds and other institutional investors own 94.23% of the company’s stock.
Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at 1073.89 on Wednesday. The stock has a 50 day moving average price of $1,018.47 and a 200 day moving average price of $912.93. Intuitive Surgical, Inc. has a 12 month low of $610.71 and a 12 month high of $1,076.00. The stock has a market capitalization of $39.90 billion, a PE ratio of 51.44 and a beta of 0.39. Intuitive Surgical shares are set to split before the market opens on Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly created shares will be distributed to shareholders after the closing bell on Thursday, October 5th.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $1.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.05. The business had revenue of $756.20 million for the quarter, compared to analysts’ expectations of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.87 EPS. On average, equities research analysts forecast that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current fiscal year.
In related 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 transaction, the executive vice president now directly owns 570 shares in the company, valued at $571,083. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jamie Samath sold 242 shares of Intuitive Surgical stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $949.01, for a total value of $229,660.42. Following the transaction, the vice president now owns 23 shares in the company, valued at $21,827.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,172 shares of company stock valued at $21,923,487. Insiders own 2.20% of the company’s stock.
A number of brokerages recently weighed in on ISRG. Zacks Investment Research downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. BidaskClub downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. BTIG Research restated a “hold” rating on shares of Intuitive Surgical in a report on Thursday, June 15th. Cantor Fitzgerald began coverage on shares of Intuitive Surgical in a research report on Thursday, June 29th. They issued a “neutral” rating and a $333.33 price objective on the stock. Finally, Leerink Swann reaffirmed an “outperform” rating on shares of Intuitive Surgical in a research report on Wednesday, July 5th. Five 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 company. The company has an average rating of “Buy” and an average price target of $411.32.
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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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