Ziegler Capital Management LLC boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Rating) by 38.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,417 shares of the medical equipment provider's stock after purchasing an additional 5,390 shares during the quarter. Ziegler Capital Management LLC's holdings in Intuitive Surgical were worth $3,897,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in ISRG. GAM Holding AG increased its stake in Intuitive Surgical by 18.4% during the second quarter. GAM Holding AG now owns 135,915 shares of the medical equipment provider's stock worth $28,506,000 after acquiring an additional 21,122 shares during the last quarter. Charter Oak Capital Management LLC acquired a new stake in Intuitive Surgical during the second quarter worth about $88,000. Beacon Investment Advisory Services Inc. increased its stake in Intuitive Surgical by 64.0% during the second quarter. Beacon Investment Advisory Services Inc. now owns 6,399 shares of the medical equipment provider's stock worth $1,284,000 after acquiring an additional 2,498 shares during the last quarter. Derbend Asset Management increased its stake in Intuitive Surgical by 16.0% during the second quarter. Derbend Asset Management now owns 7,220 shares of the medical equipment provider's stock worth $1,449,000 after acquiring an additional 995 shares during the last quarter. Finally, Hollencrest Capital Management increased its stake in Intuitive Surgical by 1.0% during the second quarter. Hollencrest Capital Management now owns 5,234 shares of the medical equipment provider's stock worth $1,051,000 after acquiring an additional 50 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.
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Insiders Place Their Bets
In other Intuitive Surgical news, Director Amal M. Johnson sold 6,375 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $238.04, for a total transaction of $1,517,505.00. Following the transaction, the director now owns 11,224 shares of the company's stock, valued at approximately $2,671,760.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Myriam Curet sold 9,000 shares of the stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $225.00, for a total transaction of $2,025,000.00. Following the sale, the executive vice president now directly owns 217 shares in the company, valued at approximately $48,825. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amal M. Johnson sold 6,375 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $238.04, for a total value of $1,517,505.00. Following the sale, the director now owns 11,224 shares in the company, valued at $2,671,760.96. The disclosure for this sale can be found here. Insiders have sold a total of 101,162 shares of company stock valued at $22,062,916 in the last quarter. Insiders own 0.90% of the company's stock.
Intuitive Surgical Stock Down 0.9 %
NASDAQ:ISRG opened at $187.44 on Monday. The business's 50 day moving average is $216.24 and its two-hundred day moving average is $229.56. Intuitive Surgical, Inc. has a 52 week low of $184.94 and a 52 week high of $369.69. The company has a market cap of $66.94 billion, a PE ratio of 47.69, a P/E/G ratio of 5.26 and a beta of 1.31.
Intuitive Surgical (NASDAQ:ISRG – Get Rating) last released its earnings results on Thursday, July 21st. The medical equipment provider reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.19). Intuitive Surgical had a return on equity of 12.04% and a net margin of 24.05%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the business earned $1.42 EPS. As a group, sell-side analysts expect that Intuitive Surgical, Inc. will post 3.76 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. Raymond James dropped their price target on Intuitive Surgical from $294.00 to $255.00 in a research note on Friday, July 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on Intuitive Surgical from $225.00 to $205.00 in a research note on Friday, July 22nd. Stifel Nicolaus increased their target price on Intuitive Surgical from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Friday, September 9th. BTIG Research lowered their target price on Intuitive Surgical from $355.00 to $247.00 and set a "buy" rating for the company in a research note on Monday, July 18th. Finally, The Goldman Sachs Group lowered their target price on Intuitive Surgical from $319.00 to $273.00 and set a "buy" rating for the company in a research note on Friday, July 29th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Intuitive Surgical has a consensus rating of "Moderate Buy" and a consensus target price of $268.00.
Intuitive Surgical Company Profile
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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 to enable 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.
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