Intuitive Surgical, Inc. (ISRG) Holdings Raised by Paulson & CO. Inc.
Paulson & CO. Inc. boosted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 37.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,200 shares of the medical equipment provider’s stock after purchasing an additional 2,800 shares during the period. Paulson & CO. Inc.’s holdings in Intuitive Surgical were worth $9,541,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of ISRG. Guardian Life Insurance Co. of America grew its position in Intuitive Surgical by 2.2% in the 1st quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock worth $109,000 after purchasing an additional 3 shares in the last quarter. ETF Managers Group LLC bought a new stake in Intuitive Surgical in the 2nd quarter worth about $110,000. D. Scott Neal Inc. bought a new stake in Intuitive Surgical in the 2nd quarter worth about $120,000. Harvest Fund Management Co. Ltd bought a new stake in Intuitive Surgical in the 2nd quarter worth about $120,000. Finally, Parallel Advisors LLC grew its position in Intuitive Surgical by 10.1% in the 1st quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock worth $129,000 after purchasing an additional 14 shares in the last quarter. 31.41% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on ISRG. Wells Fargo & Company reaffirmed a “buy” rating on shares of Intuitive Surgical in a research report on Monday. Wedbush reissued a “buy” rating on shares of Intuitive Surgical in a research report on Tuesday, October 10th. Morgan Stanley reissued an “overweight” rating on shares of Intuitive Surgical in a research report on Tuesday, September 5th. Royal Bank Of Canada reissued a “hold” rating and set a $333.33 target price on shares of Intuitive Surgical in a research report on Friday, September 1st. Finally, Vetr raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $113.59 target price for the company in a research report on Monday, August 28th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $137.11.
Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) traded up 0.26% during mid-day trading on Tuesday, hitting $354.46. 316,851 shares of the company were exchanged. The company has a market capitalization of $39.51 billion, a P/E ratio of 50.94 and a beta of 0.39. Intuitive Surgical, Inc. has a 52 week low of $203.57 and a 52 week high of $367.50. The company has a 50 day moving average of $347.28 and a 200 day moving average of $310.58.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.02. The business had revenue of $756.20 million during the quarter, compared to analyst estimates of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. Equities analysts anticipate that Intuitive Surgical, Inc. will post $7.97 earnings per share for the current year.
In other Intuitive Surgical news, SVP Mark J. Meltzer sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $1,025.00, for a total value of $512,500.00. Following the completion of the transaction, the senior vice president now directly owns 2,796 shares in the company, valued at $2,865,900. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gary S. Guthart sold 17,975 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was 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 of the company’s stock, valued at $95,412,211.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,172 shares of company stock valued at $21,923,487. Company insiders own 2.20% 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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