Intuitive Surgical, Inc. (ISRG) Holdings Boosted by Rafferty Asset Management LLC
Rafferty Asset Management LLC boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,562 shares of the medical equipment provider’s stock after buying an additional 29 shares during the quarter. Rafferty Asset Management LLC’s holdings in Intuitive Surgical were worth $1,461,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Mutual of America Capital Management LLC increased its position in Intuitive Surgical by 4.2% during the second quarter. Mutual of America Capital Management LLC now owns 4,857 shares of the medical equipment provider’s stock worth $4,543,000 after buying an additional 195 shares during the last quarter. New York State Common Retirement Fund increased its position in Intuitive Surgical by 8.8% during the second quarter. New York State Common Retirement Fund now owns 118,600 shares of the medical equipment provider’s stock worth $110,935,000 after buying an additional 9,632 shares during the last quarter. Columbia Partners L L C Investment Management increased its position in Intuitive Surgical by 3.8% during the second quarter. Columbia Partners L L C Investment Management now owns 932 shares of the medical equipment provider’s stock worth $871,000 after buying an additional 34 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Intuitive Surgical during the second quarter worth approximately $120,000. Finally, Ken Stern & Associates Inc. acquired a new position in Intuitive Surgical during the second quarter worth approximately $210,000. 94.23% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at 1031.52 on Friday. The company has a 50 day moving average price of $990.40 and a 200 day moving average price of $891.23. Intuitive Surgical, Inc. has a 52 week low of $610.71 and a 52 week high of $1,054.77. The company has a market capitalization of $38.32 billion, a PE ratio of 49.41 and a beta of 0.38. Intuitive Surgical shares are going to split on Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly issued shares will be issued to shareholders after the market closes on Thursday, October 5th.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results 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 firm had revenue of $756.20 million during the quarter, compared to the consensus estimate of $724.51 million. During the same period last year, the firm earned $1.87 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts expect that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current year.
In other Intuitive Surgical news, Director Michael A. Friedman sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $945.60, for a total value of $945,600.00. Following the completion of the transaction, the director now directly owns 977 shares of the company’s stock, valued at approximately $923,851.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary S. Guthart sold 17,975 shares of the firm’s 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 directly owns 101,798 shares of the company’s stock, valued at $95,412,211.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,172 shares of company stock valued at $21,923,487. Insiders own 2.20% of the company’s stock.
A number of equities analysts have weighed in on the company. Royal Bank Of Canada reissued a “hold” rating and set a $333.33 price target on shares of Intuitive Surgical in a research report on Friday, July 21st. Vetr downgraded Intuitive Surgical from a “buy” rating to a “hold” rating and set a $335.50 price target on the stock. in a research report on Wednesday, August 16th. Citigroup Inc. reissued a “buy” rating and set a $359.33 price target (up previously from $305.67) on shares of Intuitive Surgical in a research report on Monday, July 24th. Canaccord Genuity reissued a “hold” rating and set a $290.00 price target on shares of Intuitive Surgical in a research report on Tuesday, July 11th. Finally, Bank of America Corporation reissued a “buy” rating and set a $333.33 price target on shares of Intuitive Surgical in a research report on Thursday, June 1st. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $366.12.
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Intuitive Surgical Company 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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