Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Bought by Traynor Capital Management Inc.
Traynor Capital Management Inc. boosted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 29.4% during the second quarter, Holdings Channel reports. The firm owned 1,681 shares of the medical equipment provider’s stock after buying an additional 382 shares during the period. Intuitive Surgical comprises approximately 0.8% of Traynor Capital Management Inc.’s investment portfolio, making the stock its 27th largest position. Traynor Capital Management Inc.’s holdings in Intuitive Surgical were worth $1,566,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in ISRG. Guardian Life Insurance Co. of America raised its stake 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 valued at $109,000 after buying an additional 3 shares during the period. D. Scott Neal Inc. purchased a new stake in shares of Intuitive Surgical during the second quarter valued at $120,000. Parallel Advisors LLC raised its stake 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 valued at $129,000 after buying an additional 14 shares during the period. Huntington National Bank increased its stake 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 valued at $130,000 after buying an additional 21 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Intuitive Surgical during the first quarter valued at approximately $190,000. Institutional investors and hedge funds own 96.84% of the company’s stock.
Intuitive Surgical, Inc. (NASDAQ:ISRG) traded up 0.15% on Friday, reaching $930.74. The company had a trading volume of 13,071 shares. Intuitive Surgical, Inc. has a 12 month low of $610.71 and a 12 month high of $974.66. The stock has a market capitalization of $34.58 billion, a price-to-earnings ratio of 44.58 and a beta of 0.39. The firm has a 50 day moving average price of $941.48 and a 200-day moving average price of $831.70.
Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.79 by $0.16. The firm had revenue of $756.20 million for the quarter, compared to analyst estimates of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $5.62 earnings per share. Analysts forecast that Intuitive Surgical, Inc. will post $23.86 earnings per share for the current fiscal year.
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Several equities research analysts have recently commented on ISRG shares. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $911.00 target price for the company in a report on Monday, April 24th. Barclays PLC reaffirmed a “buy” rating and set a $830.00 target price (up from $800.00) on shares of Intuitive Surgical in a report on Wednesday, April 19th. Canaccord Genuity reaffirmed a “buy” rating and set a $870.00 target price (up from $800.00) on shares of Intuitive Surgical in a report on Wednesday, April 19th. Stifel Nicolaus upped their target price on Intuitive Surgical from $800.00 to $850.00 and gave the company a “buy” rating in a report on Wednesday, April 19th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $917.00 target price (up from $820.00) on shares of Intuitive Surgical in a report on Saturday, April 22nd. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $980.03.
In other Intuitive Surgical news, CEO Gary S. Guthart sold 17,975 shares of Intuitive Surgical stock in a transaction dated Thursday, July 27th. The stock was 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 directly owns 101,798 shares in the company, valued at $95,412,211.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Curet Myriam sold 1,202 shares of Intuitive Surgical stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $950.20, for a total value of $1,142,140.40. Following the transaction, the senior vice president now owns 1,428 shares in the company, valued at $1,356,885.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,065 shares of company stock worth $31,659,090. Corporate insiders own 2.50% of the company’s stock.
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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