Merit Financial Group LLC lifted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) by 16.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,097 shares of the medical equipment provider’s stock after acquiring an additional 445 shares during the quarter. Merit Financial Group LLC’s holdings in Intuitive Surgical were worth $791,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. MADDEN SECURITIES Corp purchased a new stake in Intuitive Surgical in the fourth quarter worth $26,000. Paragon Wealth Strategies LLC purchased a new stake in Intuitive Surgical in the fourth quarter worth $27,000. Bogart Wealth LLC increased its position in Intuitive Surgical by 721.4% in the first quarter. Bogart Wealth LLC now owns 115 shares of the medical equipment provider’s stock worth $29,000 after buying an additional 101 shares during the last quarter. Evermay Wealth Management LLC increased its position in Intuitive Surgical by 103.4% in the fourth quarter. Evermay Wealth Management LLC now owns 118 shares of the medical equipment provider’s stock worth $31,000 after buying an additional 60 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in Intuitive Surgical in the fourth quarter worth $35,000. 82.06% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Intuitive Surgical
In other news, VP Fredrik Widman sold 630 shares of Intuitive Surgical stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $297.87, for a total value of $187,658.10. Following the transaction, the vice president now owns 2,233 shares in the company, valued at $665,143.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Myriam Curet sold 9,623 shares of the business’s stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $299.76, for a total transaction of $2,884,590.48. Following the transaction, the executive vice president now owns 327 shares in the company, valued at approximately $98,021.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Fredrik Widman sold 630 shares of the business’s stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $297.87, for a total value of $187,658.10. Following the transaction, the vice president now owns 2,233 shares in the company, valued at approximately $665,143.71. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,283 shares of company stock worth $22,923,158. Company insiders own 0.90% of the company’s stock.
Wall Street Analyst Weigh In
Intuitive Surgical Stock Up 0.3 %
NASDAQ ISRG opened at $331.29 on Friday. The stock’s 50-day simple moving average is $316.01 and its two-hundred day simple moving average is $276.02. Intuitive Surgical, Inc. has a twelve month low of $180.07 and a twelve month high of $344.08. The company has a market capitalization of $116.08 billion, a price-to-earnings ratio of 90.52, a PEG ratio of 5.93 and a beta of 1.32.
Intuitive Surgical (NASDAQ:ISRG – Free Report) last released its quarterly earnings results on Tuesday, April 18th. The medical equipment provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.03. Intuitive Surgical had a return on equity of 11.39% and a net margin of 20.40%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the business posted $1.00 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, equities analysts expect that Intuitive Surgical, Inc. will post 4.3 earnings per share for the current fiscal year.
About Intuitive Surgical
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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