Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Bought by Wedbush Securities Inc.
Wedbush Securities Inc. boosted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.0% during the second quarter, Holdings Channel reports. The firm owned 1,871 shares of the medical equipment provider’s stock after buying an additional 19 shares during the period. Wedbush Securities Inc.’s holdings in Intuitive Surgical were worth $1,750,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in ISRG. Profund Advisors LLC boosted its position in shares of Intuitive Surgical by 6.7% in the first quarter. Profund Advisors LLC now owns 3,525 shares of the medical equipment provider’s stock valued at $2,702,000 after buying an additional 222 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of Intuitive Surgical by 3.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,033 shares of the medical equipment provider’s stock valued at $740,000 after buying an additional 37 shares during the period. Candriam Luxembourg S.C.A. boosted its position in shares of Intuitive Surgical by 3.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 17,725 shares of the medical equipment provider’s stock valued at $13,586,000 after buying an additional 537 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Intuitive Surgical during the first quarter valued at about $482,000. Finally, Cambridge Advisors Inc. purchased a new position in shares of Intuitive Surgical during the first quarter valued at about $209,000. Hedge funds and other institutional investors own 96.84% of the company’s stock.
Shares of Intuitive Surgical, Inc. (ISRG) opened at 942.25 on Friday. The firm has a 50-day moving average price of $941.15 and a 200-day moving average price of $833.76. Intuitive Surgical, Inc. has a 1-year low of $610.71 and a 1-year high of $974.66. The company has a market capitalization of $35.00 billion, a PE ratio of 45.13 and a beta of 0.39.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $5.79 by $0.16. The company had revenue of $756.20 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $5.62 earnings per share. Equities analysts anticipate that Intuitive Surgical, Inc. will post $23.86 earnings per share for the current year.
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Several brokerages recently issued reports on ISRG. Vetr cut Intuitive Surgical from a “buy” rating to a “hold” rating and set a $1,010.56 price objective on the stock. in a research note on Thursday, July 20th. Barclays PLC raised their price objective on Intuitive Surgical from $870.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, July 21st. They noted that the move was a valuation call. J P Morgan Chase & Co restated an “overweight” rating and set a $1,050.00 price objective on shares of Intuitive Surgical in a research note on Friday, July 21st. Cantor Fitzgerald restated a “hold” rating and set a $1,050.00 price objective on shares of Intuitive Surgical in a research note on Friday, July 21st. Finally, BidaskClub upgraded Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 23rd. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Intuitive Surgical has an average rating of “Buy” and an average target price of $980.03.
In other Intuitive Surgical news, VP Jamie Samath sold 1,946 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $921.26, for a total value of $1,792,771.96. Following the transaction, the vice president now owns 130 shares of the company’s stock, valued at $119,763.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Curet Myriam sold 1,202 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $950.20, for a total value of $1,142,140.40. Following the completion of the transaction, the senior vice president now directly owns 1,428 shares in the company, valued at approximately $1,356,885.60. The disclosure for this sale can be found here. In the last three months, insiders sold 34,065 shares of company stock worth $31,659,090. Insiders own 2.50% 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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