Scott & Selber Inc. increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,293 shares of the medical equipment provider’s stock after buying an additional 23 shares during the quarter. Scott & Selber Inc.’s holdings in Intuitive Surgical were worth $2,318,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Manchester Financial Inc. purchased a new position in shares of Intuitive Surgical during the second quarter worth about $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in shares of Intuitive Surgical by 733.3% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 75 shares of the medical equipment provider’s stock worth $39,000 after buying an additional 66 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Intuitive Surgical during the second quarter worth about $47,000. North Star Investment Management Corp. purchased a new position in shares of Intuitive Surgical during the third quarter worth about $49,000. Finally, Motco purchased a new position in shares of Intuitive Surgical during the second quarter worth about $51,000. 85.90% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Reiter Kara Andersen sold 4,120 shares of Intuitive Surgical stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $540.00, for a total transaction of $2,224,800.00. Following the completion of the sale, the senior vice president now directly owns 7,838 shares in the company, valued at approximately $4,232,520. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Jamie Samath sold 130 shares of Intuitive Surgical stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $503.50, for a total transaction of $65,455.00. Following the sale, the vice president now owns 219 shares of the company’s stock, valued at $110,266.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,869 shares of company stock valued at $13,664,252. 1.70% of the stock is owned by insiders.
NASDAQ:ISRG traded up $3.42 during mid-day trading on Thursday, reaching $533.66. The stock had a trading volume of 276,164 shares, compared to its average volume of 577,156. The firm has a market capitalization of $59.80 billion, a price-to-earnings ratio of 56.23, a PEG ratio of 3.81 and a beta of 1.13. Intuitive Surgical, Inc. has a twelve month low of $430.24 and a twelve month high of $589.32. The business has a 50 day simple moving average of $519.88 and a 200 day simple moving average of $517.55.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, July 18th. The medical equipment provider reported $3.25 EPS for the quarter, beating the Zacks’ consensus estimate of $2.23 by $1.02. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. Intuitive Surgical had a net margin of 29.95% and a return on equity of 17.35%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.76 earnings per share. On average, equities research analysts forecast that Intuitive Surgical, Inc. will post 10.12 earnings per share for the current year.
A number of research firms recently issued reports on ISRG. Northland Securities set a $375.00 price target on Intuitive Surgical and gave the stock a “sell” rating in a report on Friday, July 19th. UBS Group set a $560.00 price target on Intuitive Surgical and gave the stock a “hold” rating in a report on Friday, July 19th. BidaskClub downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Redburn Partners assumed coverage on shares of Intuitive Surgical in a research report on Friday, September 13th. They issued a “buy” rating for the company. Finally, Canaccord Genuity restated a “buy” rating and issued a $610.00 price objective (up previously from $575.00) on shares of Intuitive Surgical in a research report on Friday, July 19th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Intuitive Surgical presently has an average rating of “Hold” and a consensus target price of $575.33.
Intuitive Surgical 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.
Further Reading: Oversold
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