Slow Capital Inc. Trims Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)
Slow Capital Inc. decreased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 5,158 shares of the medical equipment provider’s stock after selling 86 shares during the period. Intuitive Surgical comprises about 1.1% of Slow Capital Inc.’s holdings, making the stock its 23rd largest holding. Slow Capital Inc.’s holdings in Intuitive Surgical were worth $2,705,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. Buffington Mohr McNeal bought a new position in Intuitive Surgical in the 1st quarter valued at approximately $86,000. Burns J W & Co. Inc. NY lifted its position in Intuitive Surgical by 28.2% in the 2nd quarter. Burns J W & Co. Inc. NY now owns 1,497 shares of the medical equipment provider’s stock valued at $785,000 after acquiring an additional 329 shares in the last quarter. ARK Investment Management LLC lifted its position in Intuitive Surgical by 10.3% in the 2nd quarter. ARK Investment Management LLC now owns 5,434 shares of the medical equipment provider’s stock valued at $2,850,000 after acquiring an additional 508 shares in the last quarter. HCR Wealth Advisors lifted its position in Intuitive Surgical by 19.6% in the 2nd quarter. HCR Wealth Advisors now owns 532 shares of the medical equipment provider’s stock valued at $279,000 after acquiring an additional 87 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Intuitive Surgical by 17.6% in the 1st quarter. Signaturefd LLC now owns 641 shares of the medical equipment provider’s stock valued at $366,000 after acquiring an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.
In other news, Director Lonnie M. Smith sold 227 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $493.39, for a total value of $111,999.53. Following the completion of the sale, the director now directly owns 359,696 shares in the company, valued at approximately $177,470,409.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Marshall Mohr sold 15,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $526.11, for a total value of $7,891,650.00. Following the completion of the sale, the vice president now owns 20,135 shares of the company’s stock, valued at $10,593,224.85. The disclosure for this sale can be found here. Insiders sold a total of 25,882 shares of company stock valued at $13,664,919 over the last 90 days. 1.70% of the stock is currently owned by company insiders.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, July 18th. The medical equipment provider reported $3.25 EPS for the quarter, topping the consensus estimate of $2.23 by $1.02. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. Intuitive Surgical had a return on equity of 17.35% and a net margin of 29.95%. Intuitive Surgical’s revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.76 EPS. On average, research analysts forecast that Intuitive Surgical, Inc. will post 10.15 earnings per share for the current year.
Several equities analysts have recently weighed in on the company. BTIG Research reissued a “hold” rating on shares of Intuitive Surgical in a report on Sunday, April 21st. Raymond James lowered their price target on Intuitive Surgical from $630.00 to $610.00 and set an “outperform” rating on the stock in a report on Monday, April 22nd. Piper Jaffray Companies increased their price target on Intuitive Surgical from $610.00 to $633.00 and gave the company an “overweight” rating in a report on Friday, July 19th. BidaskClub raised Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th. Finally, UBS Group set a $560.00 price target on Intuitive Surgical and gave the company a “hold” rating in a report on Friday, July 19th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $579.92.
Intuitive Surgical Company Profile
Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.
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