TIAA CREF Investment Management LLC Has $420.84 Million Holdings in Intuitive Surgical, Inc. (ISRG)
TIAA CREF Investment Management LLC raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 9.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 449,917 shares of the medical equipment provider’s stock after purchasing an additional 40,115 shares during the period. TIAA CREF Investment Management LLC owned 1.21% of Intuitive Surgical worth $420,839,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Keybank National Association OH boosted its holdings in Intuitive Surgical by 26.7% in the 2nd quarter. Keybank National Association OH now owns 1,322 shares of the medical equipment provider’s stock valued at $1,237,000 after purchasing an additional 279 shares during the period. Brown Advisory Securities LLC boosted its holdings in Intuitive Surgical by 1.4% in the 1st quarter. Brown Advisory Securities LLC now owns 2,247 shares of the medical equipment provider’s stock valued at $1,722,000 after purchasing an additional 31 shares during the period. Vident Investment Advisory LLC boosted its holdings in Intuitive Surgical by 137.0% in the 1st quarter. Vident Investment Advisory LLC now owns 9,572 shares of the medical equipment provider’s stock valued at $7,337,000 after purchasing an additional 5,534 shares during the period. Swiss National Bank boosted its holdings in Intuitive Surgical by 0.3% in the 2nd quarter. Swiss National Bank now owns 212,282 shares of the medical equipment provider’s stock valued at $198,562,000 after purchasing an additional 600 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in Intuitive Surgical in the 1st quarter valued at $9,596,000. 94.23% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on ISRG shares. Bank of America Corporation reissued a “buy” rating and issued a $333.33 price target on shares of Intuitive Surgical in a report on Thursday, June 1st. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $341.33 price target for the company in a report on Wednesday, May 31st. BidaskClub downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) started coverage on shares of Intuitive Surgical in a report on Tuesday, May 16th. They issued a “buy” rating and a $333.33 price target for the company. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $366.67 price target (up from $283.33) on shares of Intuitive Surgical in a report on Saturday, July 22nd. 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’s stock. The company has a consensus rating of “Buy” and a consensus price target of $366.12.
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In other Intuitive Surgical news, CEO Gary S. Guthart sold 17,975 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $937.27, for a total transaction of $16,847,428.25. Following the completion of the transaction, the chief executive officer now owns 101,798 shares in the company, valued at $95,412,211.46. 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 the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $949.01, for a total transaction of $229,660.42. Following the transaction, the vice president now owns 23 shares of the company’s stock, valued at approximately $21,827.23. The disclosure for this sale can be found here. Insiders have sold 23,172 shares of company stock valued at $21,923,487 in the last quarter. 2.20% of the stock is owned by company insiders.
Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) traded down 0.1892% during trading on Tuesday, reaching $1043.5016. 67,050 shares of the company were exchanged. Intuitive Surgical, Inc. has a 1-year low of $610.71 and a 1-year high of $1,054.77. The company has a market capitalization of $38.77 billion, a price-to-earnings ratio of 49.9809 and a beta of 0.38. The stock’s 50 day moving average is $970.87 and its 200 day moving average is $876.81. Intuitive Surgical’s stock is set to split on Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly issued shares will be distributed to shareholders after the market closes on Thursday, October 5th.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $1.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.05. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The business had revenue of $756.20 million during the quarter, compared to analyst estimates of $724.51 million. During the same quarter last year, the business earned $1.87 earnings per share. Intuitive Surgical’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities analysts anticipate that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current year.
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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