Wellington Management Group LLP Raises Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Share on StockTwits

Wellington Management Group LLP boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 428.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,433,496 shares of the medical equipment provider’s stock after buying an additional 1,162,469 shares during the quarter. Wellington Management Group LLP owned approximately 1.23% of Intuitive Surgical worth $709,882,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. TFG Advisers LLC purchased a new position in Intuitive Surgical during the fourth quarter valued at approximately $25,000. Virtus ETF Advisers LLC purchased a new position in Intuitive Surgical during the fourth quarter valued at approximately $31,000. Princeton Global Asset Management LLC purchased a new position in Intuitive Surgical during the fourth quarter valued at approximately $36,000. 1776 Wealth LLC increased its holdings in Intuitive Surgical by 72.2% during the first quarter. 1776 Wealth LLC now owns 62 shares of the medical equipment provider’s stock valued at $30,000 after buying an additional 26 shares during the period. Finally, Red Door Wealth Management LLC purchased a new position in Intuitive Surgical in the first quarter worth $33,000. 87.29% of the stock is currently owned by institutional investors.

Several research firms have issued reports on ISRG. Morgan Stanley cut their price target on shares of Intuitive Surgical from $670.00 to $622.00 and set an “overweight” rating on the stock in a report on Friday, March 27th. Goldman Sachs Group lowered shares of Intuitive Surgical from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, April 1st. Stifel Nicolaus lifted their price target on shares of Intuitive Surgical from $425.00 to $575.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Evercore ISI lowered shares of Intuitive Surgical from an “in-line” rating to an “underperform” rating in a report on Sunday, April 19th. Finally, ValuEngine raised shares of Intuitive Surgical from a “sell” rating to a “hold” rating in a report on Friday, March 13th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Intuitive Surgical has a consensus rating of “Hold” and an average target price of $576.44.

NASDAQ ISRG traded down $33.75 on Thursday, reaching $551.63. 482,556 shares of the company’s stock traded hands, compared to its average volume of 898,122. The firm has a market cap of $68.27 billion, a price-to-earnings ratio of 48.93, a P/E/G ratio of 13.38 and a beta of 0.94. The stock has a 50 day moving average price of $541.02 and a 200-day moving average price of $551.31. Intuitive Surgical, Inc. has a fifty-two week low of $360.50 and a fifty-two week high of $619.00.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, April 16th. The medical equipment provider reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.15. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.01 billion. Intuitive Surgical had a net margin of 30.11% and a return on equity of 17.40%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.61 earnings per share. On average, analysts expect that Intuitive Surgical, Inc. will post 6.78 EPS for the current fiscal year.

In other Intuitive Surgical news, CFO Marshall Mohr sold 7,500 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $525.00, for a total value of $3,937,500.00. Following the completion of the transaction, the chief financial officer now owns 17,672 shares in the company, valued at $9,277,800. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Curet Myriam sold 3,000 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $503.76, for a total transaction of $1,511,280.00. Following the sale, the executive vice president now directly owns 3,816 shares of the company’s stock, valued at approximately $1,922,348.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,273 shares of company stock valued at $8,676,263. Insiders own 1.60% of the company’s stock.

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.

Featured Article: What is Put Option Volume?

Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply