William Blair Investment Management LLC increased its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,987 shares of the medical equipment provider’s stock after acquiring an additional 173 shares during the period. William Blair Investment Management LLC’s holdings in Intuitive Surgical were worth $31,945,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Icon Wealth Partners LLC acquired a new stake in shares of Intuitive Surgical in the 1st quarter worth about $26,000. Oregon Public Employees Retirement Fund raised its holdings in shares of Intuitive Surgical by 31,963.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,679,377 shares of the medical equipment provider’s stock worth $31,000 after acquiring an additional 14,633,595 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of Intuitive Surgical in the 1st quarter worth about $31,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Intuitive Surgical in the 4th quarter worth about $32,000. Finally, Athena Capital Advisors LLC acquired a new stake in shares of Intuitive Surgical in the 4th quarter worth about $33,000. Institutional investors own 85.52% of the company’s stock.
A number of research firms recently weighed in on ISRG. Piper Jaffray Companies upgraded shares of Intuitive Surgical to an “overweight” rating and set a $610.00 target price on the stock in a report on Wednesday, May 22nd. BidaskClub downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. Citigroup reduced their price objective on shares of Intuitive Surgical from $684.00 to $611.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Zacks Investment Research downgraded shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Finally, BTIG Research reaffirmed a “hold” rating on shares of Intuitive Surgical in a research report on Sunday, April 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $577.88.
Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, April 18th. The medical equipment provider reported $2.61 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $974.00 million for the quarter, compared to the consensus estimate of $975.27 million. During the same period in the prior year, the company earned $2.44 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. On average, equities research analysts predict that Intuitive Surgical, Inc. will post 9.4 earnings per share for the current year.
In other news, EVP Curet Myriam sold 2,200 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $493.26, for a total transaction of $1,085,172.00. Following the completion of the transaction, the executive vice president now directly owns 3,101 shares of the company’s stock, valued at approximately $1,529,599.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary S. Guthart sold 22,636 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $501.48, for a total transaction of $11,351,501.28. Following the sale, the chief executive officer now owns 386,866 shares in the company, valued at $194,005,561.68. The disclosure for this sale can be found here. Insiders have sold a total of 27,621 shares of company stock valued at $13,828,454 over the last three months. Insiders own 1.70% of the company’s stock.
About Intuitive Surgical
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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