YHB Investment Advisors Inc. Acquires 6,911 Shares of Intuitive Surgical, Inc. (ISRG)
YHB Investment Advisors Inc. lifted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 194.2% in the 4th quarter, HoldingsChannel reports. The fund owned 10,469 shares of the medical equipment provider’s stock after buying an additional 6,911 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Intuitive Surgical were worth $3,821,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in ISRG. Neuberger Berman Group LLC increased its position in shares of Intuitive Surgical by 112.1% in the second quarter. Neuberger Berman Group LLC now owns 1,336 shares of the medical equipment provider’s stock worth $1,250,000 after acquiring an additional 706 shares in the last quarter. Martingale Asset Management L P increased its position in shares of Intuitive Surgical by 22.0% in the second quarter. Martingale Asset Management L P now owns 1,663 shares of the medical equipment provider’s stock worth $1,556,000 after acquiring an additional 300 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in shares of Intuitive Surgical in the second quarter valued at $240,000. PNC Financial Services Group Inc. boosted its stake in shares of Intuitive Surgical by 3.8% in the second quarter. PNC Financial Services Group Inc. now owns 13,820 shares of the medical equipment provider’s stock valued at $12,927,000 after purchasing an additional 509 shares during the period. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Intuitive Surgical by 3.0% in the second quarter. Thrivent Financial For Lutherans now owns 1,390 shares of the medical equipment provider’s stock valued at $1,300,000 after purchasing an additional 40 shares during the period. 32.82% of the stock is owned by institutional investors.
In other Intuitive Surgical news, VP Jamie Samath sold 1,564 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $371.19, for a total transaction of $580,541.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Mark J. Meltzer sold 3,000 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $400.00, for a total transaction of $1,200,000.00. Following the transaction, the senior vice president now owns 9,888 shares in the company, valued at $3,955,200. The disclosure for this sale can be found here. Insiders have sold a total of 55,944 shares of company stock worth $21,432,971 over the last quarter. 2.20% of the stock is currently owned by insiders.
Intuitive Surgical, Inc. (NASDAQ ISRG) traded down $2.33 during midday trading on Tuesday, reaching $419.04. 932,700 shares of the company’s stock were exchanged, compared to its average volume of 1,095,456. Intuitive Surgical, Inc. has a 12-month low of $217.19 and a 12-month high of $426.98. The company has a market cap of $47,080.00, a P/E ratio of 54.14, a price-to-earnings-growth ratio of 5.65 and a beta of 0.47.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.78. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The firm had revenue of $806.10 million for the quarter, compared to the consensus estimate of $753.25 million. During the same period in the prior year, the firm posted $2.06 EPS. The firm’s revenue was up 18.0% compared to the same quarter last year. sell-side analysts expect that Intuitive Surgical, Inc. will post 7.93 EPS for the current fiscal year.
Several research analysts have recently weighed in on the stock. Wedbush restated a “buy” rating on shares of Intuitive Surgical in a research note on Tuesday, October 10th. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $436.00 target price for the company in a research note on Tuesday, November 14th. Evercore ISI assumed coverage on shares of Intuitive Surgical in a research note on Wednesday, January 3rd. They issued an “in-line” rating and a $380.00 target price for the company. BidaskClub upgraded shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. Finally, Canaccord Genuity restated a “hold” rating on shares of Intuitive Surgical in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $357.44.
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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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