Flinton Capital Management LLC Reduces Holdings in Intuitive Surgical, Inc. (ISRG)
Flinton Capital Management LLC decreased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 7.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,888 shares of the medical equipment provider’s stock after selling 1,708 shares during the quarter. Flinton Capital Management LLC owned approximately 0.06% of Intuitive Surgical worth $19,538,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the business. D. Scott Neal Inc. acquired a new stake in shares of Intuitive Surgical during the second quarter worth about $120,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Intuitive Surgical in the 2nd quarter valued at about $120,000. Guardian Life Insurance Co. of America boosted its position in shares of Intuitive Surgical by 2.2% in the 1st quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock valued at $109,000 after purchasing an additional 3 shares during the period. Parallel Advisors LLC boosted its position in shares of Intuitive Surgical by 10.1% in the 1st quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock valued at $129,000 after purchasing an additional 14 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Intuitive Surgical in the 2nd quarter valued at about $221,000. 94.23% of the stock is currently owned by institutional investors.
In other news, SVP Curet Myriam sold 1,202 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $950.20, for a total transaction of $1,142,140.40. Following the completion of the transaction, the senior vice president now directly owns 1,428 shares in the company, valued at $1,356,885.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jamie Samath sold 242 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $949.01, for a total value of $229,660.42. Following the completion of the transaction, the vice president now directly owns 23 shares of the company’s stock, valued at $21,827.23. The disclosure for this sale can be found here. Insiders sold 23,172 shares of company stock worth $21,923,487 in the last 90 days. 2.20% of the stock is owned by company insiders.
Several research analysts have commented on the company. Leerink Swann reaffirmed an “outperform” rating on shares of Intuitive Surgical in a research report on Wednesday, July 5th. Barclays PLC increased their price objective on Intuitive Surgical from $290.00 to $333.33 and gave the company an “overweight” rating in a report on Friday, July 21st. They noted that the move was a valuation call. Morgan Stanley restated an “overweight” rating and set a $356.67 target price (up from $316.67) on shares of Intuitive Surgical in a research report on Tuesday, July 25th. Vetr upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $340.77 target price on the stock in a research report on Monday, August 28th. Finally, Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $355.67 target price on the stock in a report on Tuesday, July 25th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Intuitive Surgical has an average rating of “Buy” and an average target price of $411.32.
Intuitive Surgical, Inc. (NASDAQ ISRG) traded up 1.26% during trading on Tuesday, reaching $1073.84. The company’s stock had a trading volume of 144,957 shares. Intuitive Surgical, Inc. has a 52 week low of $610.71 and a 52 week high of $1,075.88. The stock has a market capitalization of $39.89 billion, a price-to-earnings ratio of 51.43 and a beta of 0.39. The firm has a 50 day moving average of $1,015.35 and a 200 day moving average of $910.58. Intuitive Surgical’s stock is set to split on the morning of Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly created shares will be issued to shareholders after the market closes on Thursday, October 5th.
Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, July 20th. The medical equipment provider reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.05. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The firm had revenue of $756.20 million during the quarter, compared to analyst estimates of $724.51 million. During the same period in the previous year, the business posted $1.87 EPS. Intuitive Surgical’s revenue was up 12.8% on a year-over-year basis. Analysts expect that Intuitive Surgical, Inc. will post $23.92 EPS for the current year.
Intuitive Surgical 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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