Shelton Capital Management Acquires New Holdings in Intuitive Surgical, Inc. (ISRG)
Shelton Capital Management acquired a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,912 shares of the medical equipment provider’s stock, valued at approximately $5,530,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Guardian Life Insurance Co. of America increased its position in 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 acquiring an additional 3 shares during the period. D. Scott Neal Inc. purchased a new stake in Intuitive Surgical during the 2nd quarter valued at approximately $120,000. Harvest Fund Management Co. Ltd acquired a new stake in Intuitive Surgical during the 2nd quarter worth approximately $120,000. Parallel Advisors LLC lifted its position in Intuitive Surgical by 10.1% during the 1st quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock worth $129,000 after acquiring an additional 14 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Intuitive Surgical during the 1st quarter worth approximately $190,000. Institutional investors and hedge funds own 94.23% of the company’s stock.
A number of research analysts have recently issued reports on ISRG shares. BidaskClub lowered Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $345.00 price target for the company in a research note on Thursday, June 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $366.67 price target (up from $283.33) on shares of Intuitive Surgical in a report on Saturday, July 22nd. Citigroup Inc. reaffirmed a “buy” rating and set a $359.33 price target (up from $305.67) on shares of Intuitive Surgical in a report on Monday, July 24th. Finally, Vetr upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $340.11 price objective on the stock in a research report on Thursday, August 17th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $411.32.
In related news, VP Jamie Samath sold 242 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $949.01, for a total transaction of $229,660.42. Following the completion of the transaction, the vice president now owns 23 shares of the company’s stock, valued at $21,827.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Curet Myriam sold 1,202 shares of the firm’s 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 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 23,172 shares of company stock valued at $21,923,487 over the last quarter. Insiders own 2.20% of the company’s stock.
Intuitive Surgical, Inc. (ISRG) traded up 0.82% during midday trading on Wednesday, hitting $1082.65. The company had a trading volume of 126,101 shares. The stock has a market cap of $40.22 billion, a price-to-earnings ratio of 51.86 and a beta of 0.39. The company’s 50 day moving average is $1,018.47 and its 200 day moving average is $912.93. Intuitive Surgical, Inc. has a 12-month low of $610.71 and a 12-month high of $1,088.24. Shares of Intuitive Surgical are scheduled to split on the morning of Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly issued shares will be payable to shareholders after the market closes on Thursday, October 5th.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.05. The company had revenue of $756.20 million for 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 revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.87 EPS. On average, equities analysts anticipate that Intuitive Surgical, Inc. will post $23.92 EPS for the current fiscal year.
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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