Canada Pension Plan Investment Board Sells 8,477 Shares of Intuitive Surgical, Inc. (ISRG)
Canada Pension Plan Investment Board trimmed its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 80.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,033 shares of the medical equipment provider’s stock after selling 8,477 shares during the period. Canada Pension Plan Investment Board’s holdings in Intuitive Surgical were worth $2,126,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. ETF Managers Group LLC acquired a new stake in Intuitive Surgical in the 2nd quarter valued at about $110,000. Harvest Fund Management Co. Ltd acquired a new stake in Intuitive Surgical in the 2nd quarter valued at about $120,000. Parallel Advisors LLC lifted its stake in Intuitive Surgical by 3.9% in the 2nd quarter. Parallel Advisors LLC now owns 159 shares of the medical equipment provider’s stock valued at $149,000 after purchasing an additional 6 shares during the last quarter. Advisors Capital Management LLC acquired a new stake in Intuitive Surgical in the 3rd quarter valued at about $209,000. Finally, Ken Stern & Associates Inc. acquired a new stake in Intuitive Surgical in the 2nd quarter valued at about $210,000. Institutional investors own 31.30% of the company’s stock.
Intuitive Surgical, Inc. (ISRG) opened at $392.48 on Friday. The company has a market cap of $44,120.00, a P/E ratio of 51.74, a PEG ratio of 5.43 and a beta of 0.46. Intuitive Surgical, Inc. has a fifty-two week low of $203.57 and a fifty-two week high of $400.00.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.78. The business had revenue of $806.10 million for the quarter, compared to analysts’ expectations of $753.25 million. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period last year, the firm posted $2.06 earnings per share. equities analysts predict that Intuitive Surgical, Inc. will post 7.85 EPS for the current fiscal year.
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In related news, Director Lonnie M. Smith sold 580 shares of Intuitive Surgical stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $386.76, for a total value of $224,320.80. Following the transaction, the director now directly owns 559,410 shares of the company’s stock, valued at $216,357,411.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marshall Mohr sold 6,000 shares of Intuitive Surgical stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $372.22, for a total transaction of $2,233,320.00. Following the completion of the transaction, the chief financial officer now directly owns 12,316 shares in the company, valued at $4,584,261.52. The disclosure for this sale can be found here. Insiders sold 36,656 shares of company stock worth $15,432,702 over the last three months. 2.20% of the stock is currently owned by insiders.
Several brokerages recently issued reports on ISRG. Vetr upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $113.37 target price for the company in a research note on Thursday, August 17th. Wedbush reiterated 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. Morgan Stanley reiterated an “overweight” rating and issued a $118.89 target price (up from $105.56) on shares of Intuitive Surgical in a research note on Tuesday, July 25th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $111.11 target price (up from $96.67) on shares of Intuitive Surgical in a research note on Wednesday, July 26th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $155.78.
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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