Greenleaf Trust Has $278,000 Position in Intuitive Surgical Inc. (ISRG)
Greenleaf Trust continued to hold its position in Intuitive Surgical Inc. (NASDAQ:ISRG) during the second quarter, according to its most recent filing with the SEC. The firm owned 421 shares of the company’s stock at the end of the second quarter. Greenleaf Trust’s holdings in Intuitive Surgical were worth $278,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. boosted its stake in shares of Intuitive Surgical by 0.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 55,629 shares of the company’s stock worth $33,436,000 after buying an additional 164 shares during the period. Strs Ohio boosted its stake in shares of Intuitive Surgical by 6,226.9% in the second quarter. Strs Ohio now owns 47,895 shares of the company’s stock worth $31,678,000 after buying an additional 47,138 shares during the period. Retirement Systems of Alabama boosted its stake in shares of Intuitive Surgical by 2.7% in the second quarter. Retirement Systems of Alabama now owns 19,404 shares of the company’s stock worth $12,834,000 after buying an additional 508 shares during the period. Babson Capital Management LLC boosted its stake in shares of Intuitive Surgical by 96.8% in the first quarter. Babson Capital Management LLC now owns 3,416 shares of the company’s stock worth $2,053,000 after buying an additional 1,680 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Intuitive Surgical by 2.9% in the first quarter. Legal & General Group Plc now owns 157,808 shares of the company’s stock worth $94,849,000 after buying an additional 4,398 shares during the period. 91.90% of the stock is owned by institutional investors and hedge funds.
Shares of Intuitive Surgical Inc. (NASDAQ:ISRG) traded down 0.53% during midday trading on Thursday, reaching $714.26. The company’s stock had a trading volume of 123,300 shares. Intuitive Surgical Inc. has a 12 month low of $447.00 and a 12 month high of $727.13. The stock has a market capitalization of $27.49 billion, a PE ratio of 40.53 and a beta of 0.72. The stock’s 50 day moving average is $695.93 and its 200 day moving average is $658.42.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $5.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.97 by $0.65. The business earned $670 million during the quarter, compared to the consensus estimate of $640.69 million. Intuitive Surgical had a return on equity of 15.25% and a net margin of 26.80%. During the same period in the previous year, the firm posted $4.57 earnings per share. On average, analysts forecast that Intuitive Surgical Inc. will post $21.30 EPS for the current fiscal year.
A number of analysts recently issued reports on ISRG shares. Leerink Swann reissued an “outperform” rating and issued a $780.00 target price on shares of Intuitive Surgical in a research report on Monday, September 19th. Northland Securities downgraded Intuitive Surgical from a “market perform” rating to an “under perform” rating and set a $600.00 price objective for the company. in a research note on Thursday, July 21st. Canaccord Genuity upped their price objective on Intuitive Surgical from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Wednesday, July 20th. Bank of America Corp. reaffirmed a “buy” rating on shares of Intuitive Surgical in a research note on Wednesday, June 22nd. Finally, Stifel Nicolaus upped their price objective on Intuitive Surgical from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, July 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $701.42.
In other news, CEO Gary S. Guthart sold 13,400 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $698.00, for a total transaction of $9,353,200.00. Following the completion of the transaction, the chief executive officer now directly owns 78,780 shares in the company, valued at $54,988,440. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alan J. Levy sold 3,188 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $694.11, for a total value of $2,212,822.68. Following the transaction, the director now owns 5,401 shares of the company’s stock, valued at $3,748,888.11. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
About Intuitive Surgical
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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