Stevens Capital Management LP Cuts Holdings in Intuitive Surgical, Inc. $ISRG

Stevens Capital Management LP lowered its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 40.0% in the second quarter, Holdings Channel reports. The institutional investor owned 1,679 shares of the medical equipment provider’s stock after selling 1,121 shares during the period. Stevens Capital Management LP’s holdings in Intuitive Surgical were worth $912,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tobam boosted its position in Intuitive Surgical by 666.7% during the second quarter. Tobam now owns 46 shares of the medical equipment provider’s stock valued at $25,000 after purchasing an additional 40 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Intuitive Surgical in the 2nd quarter valued at about $30,000. TD Capital Management LLC boosted its holdings in shares of Intuitive Surgical by 300.0% in the 1st quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock valued at $30,000 after buying an additional 45 shares in the last quarter. 1248 Management LLC purchased a new position in shares of Intuitive Surgical in the 1st quarter worth approximately $30,000. Finally, Bank of Jackson Hole Trust raised its stake in shares of Intuitive Surgical by 70.5% during the 1st quarter. Bank of Jackson Hole Trust now owns 75 shares of the medical equipment provider’s stock worth $37,000 after acquiring an additional 31 shares in the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Intuitive Surgical Trading Up 1.7%

Shares of NASDAQ ISRG opened at $561.61 on Friday. The company has a 50 day simple moving average of $492.09 and a two-hundred day simple moving average of $504.31. The stock has a market cap of $201.32 billion, a price-to-earnings ratio of 74.29, a PEG ratio of 4.94 and a beta of 1.62. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.41. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.41 billion. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period last year, the firm earned $1.84 EPS. Analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ISRG. Wells Fargo & Company lifted their price target on shares of Intuitive Surgical from $599.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Sanford C. Bernstein reissued an “outperform” rating and issued a $685.00 price objective on shares of Intuitive Surgical in a research report on Tuesday, October 21st. Weiss Ratings restated a “hold (c)” rating on shares of Intuitive Surgical in a research note on Friday, October 31st. Jefferies Financial Group increased their price target on Intuitive Surgical from $550.00 to $560.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada set a $625.00 price target on Intuitive Surgical and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $608.92.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, VP Fredrik Widman sold 2,067 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $550.00, for a total value of $1,136,850.00. Following the completion of the transaction, the vice president owned 473 shares in the company, valued at approximately $260,150. This represents a 81.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Craig H. Barratt sold 750 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $580.00, for a total transaction of $435,000.00. The SEC filing for this sale provides additional information. Insiders have sold 116,164 shares of company stock valued at $61,916,172 in the last quarter. 0.70% of the stock is currently owned by insiders.

Intuitive Surgical Profile

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.