World Asset Management Inc Has $2,767,000 Stake in Intuitive Surgical, Inc. (ISRG)
World Asset Management Inc increased its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.0% during the third quarter, Holdings Channel reports. The fund owned 3,818 shares of the company’s stock after buying an additional 112 shares during the period. World Asset Management Inc’s holdings in Intuitive Surgical were worth $2,767,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Checchi Capital Advisers LLC raised its position in shares of Intuitive Surgical by 4.5% in the second quarter. Checchi Capital Advisers LLC now owns 392 shares of the company’s stock valued at $259,000 after buying an additional 17 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Intuitive Surgical by 6.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 35,258 shares of the company’s stock valued at $23,320,000 after buying an additional 2,078 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Intuitive Surgical by 591.8% in the second quarter. Daiwa Securities Group Inc. now owns 5,880 shares of the company’s stock valued at $3,889,000 after buying an additional 5,030 shares in the last quarter. Shell Asset Management Co. raised its position in shares of Intuitive Surgical by 138.4% in the second quarter. Shell Asset Management Co. now owns 7,487 shares of the company’s stock valued at $4,952,000 after buying an additional 4,347 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Intuitive Surgical during the second quarter valued at about $22,998,000. Institutional investors own 90.53% of the company’s stock.
Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) traded up 0.02% during midday trading on Friday, hitting $665.00. The stock had a trading volume of 186,350 shares. The company’s 50 day moving average is $637.73 and its 200 day moving average is $672.81. The firm has a market cap of $25.77 billion, a P/E ratio of 35.87 and a beta of 0.52. Intuitive Surgical, Inc. has a 52 week low of $502.01 and a 52 week high of $727.25.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Tuesday, October 18th. The company reported $6.19 EPS for the quarter, beating the Zacks’ consensus estimate of $5.13 by $1.06. The business had revenue of $682.90 million for the quarter, compared to analysts’ expectations of $650.49 million. Intuitive Surgical had a return on equity of 15.02% and a net margin of 27.51%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the firm earned $5.24 earnings per share. On average, equities analysts predict that Intuitive Surgical, Inc. will post $22.20 earnings per share for the current fiscal year.
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Several equities analysts recently issued reports on ISRG shares. J P Morgan Chase & Co reiterated a “buy” rating on shares of Intuitive Surgical in a research report on Tuesday, September 20th. Canaccord Genuity boosted their price objective on Intuitive Surgical from $750.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, October 19th. Evercore ISI lowered Intuitive Surgical from a “buy” rating to a “hold” rating and set a $690.00 price objective for the company. in a research report on Wednesday, January 4th. Zacks Investment Research lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Wednesday, December 21st. Finally, RBC Capital Markets set a $760.00 price objective on Intuitive Surgical and gave the company a “hold” rating in a research report on Wednesday, October 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $729.16.
In other news, CEO Gary S. Guthart sold 13,515 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $680.68, for a total transaction of $9,199,390.20. Following the completion of the transaction, the chief executive officer now owns 82,880 shares in the company, valued at $56,414,758.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David J. Rosa sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $650.00, for a total value of $4,680,000.00. Following the transaction, the executive vice president now owns 2,187 shares of the company’s stock, valued at approximately $1,421,550. The disclosure for this sale can be found here. Insiders own 3.10% 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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