HM Payson & Co. increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 200.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,260 shares of the medical equipment provider’s stock after buying an additional 4,840 shares during the period. HM Payson & Co.’s holdings in Intuitive Surgical were worth $2,649,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new stake in Intuitive Surgical during the 3rd quarter worth $24,264,000. Chevy Chase Trust Holdings Inc. increased its stake in Intuitive Surgical by 206.2% during the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 179,792 shares of the medical equipment provider’s stock worth $65,613,000 after buying an additional 121,082 shares during the period. Atria Investments LLC grew its holdings in Intuitive Surgical by 189.4% during the 4th quarter. Atria Investments LLC now owns 1,777 shares of the medical equipment provider’s stock worth $648,000 after acquiring an additional 1,163 shares in the last quarter. Shaker Investments LLC OH grew its holdings in Intuitive Surgical by 200.0% during the 4th quarter. Shaker Investments LLC OH now owns 2,100 shares of the medical equipment provider’s stock worth $766,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Gulf International Bank UK Ltd grew its holdings in Intuitive Surgical by 200.0% during the 4th quarter. Gulf International Bank UK Ltd now owns 35,841 shares of the medical equipment provider’s stock worth $13,079,000 after acquiring an additional 23,894 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.
ISRG has been the subject of several recent analyst reports. Citigroup reissued a “buy” rating and set a $531.00 price objective on shares of Intuitive Surgical in a report on Friday, January 26th. Stifel Nicolaus reissued a “buy” rating and set a $480.00 price objective (up from $400.00) on shares of Intuitive Surgical in a report on Thursday, January 25th. Vetr raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $434.75 price objective for the company in a report on Monday, January 8th. BidaskClub lowered shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $409.00 price objective for the company in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $415.21.
Intuitive Surgical stock opened at $424.99 on Thursday. Intuitive Surgical, Inc. has a fifty-two week low of $247.50 and a fifty-two week high of $452.00. The company has a market cap of $48,638.18, a PE ratio of 74.82, a PEG ratio of 5.12 and a beta of 0.51.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.27. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The business had revenue of $892.40 million during the quarter, compared to analyst estimates of $866.54 million. During the same period in the previous year, the business posted $2.03 EPS. The company’s quarterly revenue was up 17.9% on a year-over-year basis. research analysts predict that Intuitive Surgical, Inc. will post 7.85 EPS for the current year.
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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