Sumitomo Mitsui Trust Holdings Inc. Has $260.18 Million Stake in Intuitive Surgical, Inc. (ISRG)
Sumitomo Mitsui Trust Holdings Inc. grew its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.5% during the first quarter, HoldingsChannel.com reports. The fund owned 455,996 shares of the medical equipment provider’s stock after acquiring an additional 2,153 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Intuitive Surgical were worth $260,182,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Buffington Mohr McNeal acquired a new stake in Intuitive Surgical during the 1st quarter worth about $86,000. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Intuitive Surgical by 7.2% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 19,288 shares of the medical equipment provider’s stock valued at $8,081,000 after buying an additional 1,300 shares during the period. Stevens Capital Management LP acquired a new position in shares of Intuitive Surgical in the 4th quarter valued at about $6,786,000. Sigma Planning Corp lifted its holdings in shares of Intuitive Surgical by 4.8% in the 4th quarter. Sigma Planning Corp now owns 3,270 shares of the medical equipment provider’s stock valued at $1,566,000 after buying an additional 149 shares during the period. Finally, Larson Financial Group LLC acquired a new position in shares of Intuitive Surgical in the 4th quarter valued at about $91,000. Institutional investors and hedge funds own 84.85% of the company’s stock.
In other Intuitive Surgical news, Director Lonnie M. Smith sold 210 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $546.56, for a total transaction of $114,777.60. Following the completion of the sale, the director now directly owns 359,246 shares in the company, valued at approximately $196,349,493.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jamie Samath sold 228 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $544.00, for a total value of $124,032.00. Following the sale, the vice president now owns 636 shares of the company’s stock, valued at $345,984. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,493 shares of company stock valued at $16,563,270. 1.70% of the stock is owned by company insiders.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, April 18th. The medical equipment provider reported $2.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($0.09). Intuitive Surgical had a net margin of 29.78% and a return on equity of 17.33%. The business had revenue of $974.00 million during the quarter, compared to analysts’ expectations of $975.27 million. During the same quarter in the prior year, the firm earned $2.44 EPS. Intuitive Surgical’s revenue for the quarter was up 14.9% on a year-over-year basis. Sell-side analysts anticipate that Intuitive Surgical, Inc. will post 9.4 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on ISRG. Citigroup decreased their price objective on Intuitive Surgical from $611.00 to $575.00 and set a “buy” rating for the company in a report on Tuesday, May 14th. Zacks Investment Research cut Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Raymond James decreased their price objective on Intuitive Surgical from $630.00 to $610.00 and set an “outperform” rating for the company in a report on Monday, April 22nd. Canaccord Genuity reissued a “buy” rating and issued a $575.00 price objective (down previously from $610.00) on shares of Intuitive Surgical in a report on Monday, April 22nd. Finally, BTIG Research reissued a “hold” rating on shares of Intuitive Surgical in a report on Sunday, April 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $576.82.
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Intuitive Surgical Company Profile
Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.
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