Cigna Investments Inc. New Decreases Position in Intuitive Surgical, Inc. (ISRG)
Cigna Investments Inc. New reduced its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,448 shares of the medical equipment provider’s stock after selling 101 shares during the period. Cigna Investments Inc. New’s holdings in Intuitive Surgical were worth $1,354,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Intuitive Surgical by 2,770.9% in the first quarter. BlackRock Inc. now owns 2,846,621 shares of the medical equipment provider’s stock valued at $2,181,851,000 after buying an additional 2,747,465 shares in the last quarter. Edgewood Management LLC raised its stake in Intuitive Surgical by 38.8% in the first quarter. Edgewood Management LLC now owns 919,617 shares of the medical equipment provider’s stock valued at $704,859,000 after buying an additional 257,165 shares in the last quarter. Waddell & Reed Financial Inc. raised its stake in Intuitive Surgical by 77.3% in the first quarter. Waddell & Reed Financial Inc. now owns 417,863 shares of the medical equipment provider’s stock valued at $320,280,000 after buying an additional 182,139 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Intuitive Surgical by 497.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 105,845 shares of the medical equipment provider’s stock valued at $81,127,000 after buying an additional 88,140 shares in the last quarter. Finally, FMR LLC raised its stake in Intuitive Surgical by 3.4% in the first quarter. FMR LLC now owns 2,277,567 shares of the medical equipment provider’s stock valued at $1,745,686,000 after buying an additional 75,894 shares in the last quarter. Institutional investors and hedge funds own 96.84% of the company’s stock.
Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) opened at 943.45 on Thursday. The company’s 50-day moving average is $942.17 and its 200 day moving average is $831.00. The stock has a market cap of $35.05 billion, a P/E ratio of 45.19 and a beta of 0.39. Intuitive Surgical, Inc. has a 1-year low of $610.71 and a 1-year high of $974.66.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.79 by $0.16. The business had revenue of $756.20 million during the quarter, compared to the consensus estimate of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. Intuitive Surgical’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.62 EPS. Equities research analysts anticipate that Intuitive Surgical, Inc. will post $23.86 EPS for the current year.
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A number of analysts recently issued reports on ISRG shares. Morgan Stanley set a $950.00 target price on shares of Intuitive Surgical and gave the stock an “overweight” rating in a research report on Monday, May 22nd. Royal Bank Of Canada raised their target price on shares of Intuitive Surgical from $720.00 to $770.00 and gave the stock a “sector perform” rating in a research report on Monday, April 17th. Leerink Swann restated an “outperform” rating and set a $850.00 target price (up previously from $840.00) on shares of Intuitive Surgical in a research report on Saturday, April 22nd. Wells Fargo & Company restated an “outperform” rating and set a $1,050.00 target price (up previously from $1,000.00) on shares of Intuitive Surgical in a research report on Wednesday, July 12th. Finally, Zacks Investment Research lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $980.03.
In related news, Director Amal M. Johnson sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $917.27, for a total transaction of $917,270.00. Following the completion of the transaction, the director now directly owns 3,787 shares in the company, valued at approximately $3,473,701.49. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gary S. Guthart sold 17,975 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $937.27, for a total transaction of $16,847,428.25. Following the transaction, the chief executive officer now owns 101,798 shares of the company’s stock, valued at $95,412,211.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,065 shares of company stock valued at $31,659,090. 2.50% of the stock is owned by insiders.
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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