Intuitive Surgical, Inc. (ISRG) Shares Sold by RiverPark Advisors LLC
RiverPark Advisors LLC lowered its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 19.9% during the second quarter, Holdings Channel reports. The firm owned 3,481 shares of the medical equipment provider’s stock after selling 867 shares during the period. RiverPark Advisors LLC’s holdings in Intuitive Surgical were worth $3,256,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. D. Scott Neal Inc. purchased a new position in shares of Intuitive Surgical during the second quarter worth approximately $120,000. Guardian Life Insurance Co. of America boosted its position in shares of Intuitive Surgical by 2.2% in the first quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock worth $109,000 after buying an additional 3 shares during the period. Parallel Advisors LLC boosted its position in shares of Intuitive Surgical by 10.1% in the first quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock worth $129,000 after buying an additional 14 shares during the period. Huntington National Bank boosted its position in shares of Intuitive Surgical by 14.1% in the first quarter. Huntington National Bank now owns 170 shares of the medical equipment provider’s stock worth $130,000 after buying an additional 21 shares during the period. Finally, Main Street Research LLC purchased a new position in shares of Intuitive Surgical during the second quarter worth approximately $218,000. Institutional investors own 96.08% of the company’s stock.
Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at 964.56 on Tuesday. Intuitive Surgical, Inc. has a 12 month low of $610.71 and a 12 month high of $974.66. The stock’s 50 day moving average price is $941.59 and its 200 day moving average price is $837.95. The firm has a market cap of $35.83 billion, a price-to-earnings ratio of 46.20 and a beta of 0.39. Intuitive Surgical shares are going to split on the morning of Thursday, August 31st. The 3-1 split was announced on Friday, August 11th. The newly issued shares will be distributed to shareholders after the market closes on Wednesday, August 30th.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 EPS for the quarter, beating analysts’ consensus estimates of $5.79 by $0.16. The firm had revenue of $756.20 million during the quarter, compared to the consensus estimate of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. Intuitive Surgical’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.62 earnings per share. Equities research analysts predict that Intuitive Surgical, Inc. will post $23.86 earnings per share for the current fiscal year.
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A number of equities research analysts have issued reports on ISRG shares. BidaskClub lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Barclays PLC increased their price target on Intuitive Surgical from $870.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, July 21st. They noted that the move was a valuation call. Canaccord Genuity reaffirmed a “hold” rating and issued a $870.00 price target on shares of Intuitive Surgical in a research report on Tuesday, July 11th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $1,050.00 price target on shares of Intuitive Surgical in a research report on Friday, July 21st. Finally, Zacks Investment Research lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Intuitive Surgical has an average rating of “Buy” and a consensus target price of $980.03.
In related news, Director Amal M. Johnson sold 1,000 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $917.27, for a total value of $917,270.00. Following the completion of the transaction, the director now owns 3,787 shares of the company’s stock, valued at $3,473,701.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Curet Myriam sold 1,202 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $950.20, for a total value of $1,142,140.40. Following the completion of the transaction, the senior vice president now directly owns 1,428 shares of the company’s stock, valued at approximately $1,356,885.60. The disclosure for this sale can be found here. Insiders sold 34,065 shares of company stock valued at $31,659,090 in the last three months. 2.50% of the stock is currently owned by company insiders.
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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