LMR Partners LLP raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 525.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,541 shares of the medical equipment provider’s stock after buying an additional 9,696 shares during the period. Intuitive Surgical comprises about 0.7% of LMR Partners LLP’s portfolio, making the stock its 20th largest position. LMR Partners LLP’s holdings in Intuitive Surgical were worth $10,795,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of ISRG. Guardian Life Insurance Co. of America increased its position in shares of Intuitive Surgical by 2.2% in the first quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock valued at $109,000 after buying an additional 3 shares during the last quarter. Greenleaf Trust increased its position in shares of Intuitive Surgical by 0.8% in the first quarter. Greenleaf Trust now owns 477 shares of the medical equipment provider’s stock valued at $366,000 after buying an additional 4 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of Intuitive Surgical by 1.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 280 shares of the medical equipment provider’s stock valued at $215,000 after buying an additional 5 shares during the last quarter. Wetherby Asset Management Inc. increased its position in Intuitive Surgical by 1.4% in the second quarter. Wetherby Asset Management Inc. now owns 361 shares of the medical equipment provider’s stock valued at $338,000 after buying an additional 5 shares in the last quarter. Finally, Miles Capital Inc. increased its position in Intuitive Surgical by 1.3% in the first quarter. Miles Capital Inc. now owns 566 shares of the medical equipment provider’s stock valued at $434,000 after buying an additional 7 shares in the last quarter. 96.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) opened at 942.25 on Monday. Intuitive Surgical, Inc. has a 52-week low of $610.71 and a 52-week high of $974.66. The firm’s 50-day moving average is $941.15 and its 200-day moving average is $833.76. The firm has a market cap of $35.00 billion, a P/E ratio of 45.13 and a beta of 0.39. Shares of Intuitive Surgical are set to split on the morning of Thursday, August 31st. The 3-1 split was announced on Friday, August 11th. The newly minted shares will be distributed to shareholders after the closing bell on Wednesday, August 30th.
Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.79 by $0.16. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The firm had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $724.51 million. During the same quarter last year, the business posted $5.62 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. Analysts anticipate that Intuitive Surgical, Inc. will post $23.86 earnings per share for the current year.
Several research analysts have recently issued reports on ISRG shares. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $911.00 price objective for the company in a research note on Monday, April 24th. Barclays PLC reaffirmed a “buy” rating and issued a $830.00 price objective (up previously from $800.00) on shares of Intuitive Surgical in a research note on Wednesday, April 19th. Canaccord Genuity reaffirmed a “buy” rating and issued a $870.00 price objective (up previously from $800.00) on shares of Intuitive Surgical in a research note on Wednesday, April 19th. Stifel Nicolaus upped their price objective on Intuitive Surgical from $800.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, April 19th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $917.00 price objective (up previously from $820.00) on shares of Intuitive Surgical in a research note on Saturday, April 22nd. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $980.03.
In related news, CEO Gary S. Guthart sold 17,975 shares of the stock in a transaction dated 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 sale, 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 accessible through the SEC website. Also, Director Amal M. Johnson sold 1,000 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $917.27, for a total value of $917,270.00. Following the sale, the director now owns 3,787 shares of the company’s stock, valued at approximately $3,473,701.49. The disclosure for this sale can be found here. Insiders have sold 34,065 shares of company stock valued at $31,659,090 in the last quarter. 2.50% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding ISRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuitive Surgical, Inc. (NASDAQ:ISRG).
Receive News & Ratings for Intuitive Surgical Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
