Sivik Global Healthcare LLC Has $6.03 Million Stake in Intuitive Surgical, Inc. (ISRG)

Sivik Global Healthcare LLC cut its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 16.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,500 shares of the medical equipment provider’s stock after selling 2,000 shares during the period. Intuitive Surgical comprises about 2.2% of Sivik Global Healthcare LLC’s holdings, making the stock its 21st largest position. Sivik Global Healthcare LLC’s holdings in Intuitive Surgical were worth $6,027,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. MayTech Global Investments LLC boosted its position in shares of Intuitive Surgical by 8.7% during the third quarter. MayTech Global Investments LLC now owns 16,606 shares of the medical equipment provider’s stock valued at $9,532,000 after buying an additional 1,323 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Intuitive Surgical during the third quarter valued at $242,000. FDx Advisors Inc. boosted its position in shares of Intuitive Surgical by 35.7% during the third quarter. FDx Advisors Inc. now owns 1,681 shares of the medical equipment provider’s stock valued at $965,000 after buying an additional 442 shares during the last quarter. Edgewood Management LLC boosted its position in shares of Intuitive Surgical by 1.6% during the third quarter. Edgewood Management LLC now owns 2,499,999 shares of the medical equipment provider’s stock valued at $1,434,999,000 after buying an additional 39,215 shares during the last quarter. Finally, Alerus Financial NA purchased a new stake in shares of Intuitive Surgical during the third quarter valued at $215,000. Hedge funds and other institutional investors own 83.68% of the company’s stock.

Several research firms recently commented on ISRG. BidaskClub cut Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Citigroup raised their target price on Intuitive Surgical from $561.00 to $592.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Piper Jaffray Companies raised their target price on Intuitive Surgical to $613.00 and gave the stock an “overweight” rating in a research report on Friday, October 19th. Zacks Investment Research cut Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Wednesday, November 14th. Finally, Raymond James raised their target price on Intuitive Surgical from $620.00 to $630.00 and gave the stock an “outperform” rating in a research report on Friday, October 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $552.59.

In related news, EVP David J. Rosa sold 32,500 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $500.86, for a total transaction of $16,277,950.00. Following the sale, the executive vice president now owns 44,208 shares of the company’s stock, valued at approximately $22,142,018.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jamie Samath sold 864 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, October 23rd. The shares were sold at an average price of $499.21, for a total value of $431,317.44. Following the sale, the vice president now directly owns 257 shares in the company, valued at approximately $128,296.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,161 shares of company stock worth $24,063,297. Insiders own 2.20% of the company’s stock.

Shares of ISRG stock traded up $2.58 during trading hours on Monday, reaching $492.15. 2,278 shares of the company traded hands, compared to its average volume of 799,059. Intuitive Surgical, Inc. has a 12-month low of $359.75 and a 12-month high of $581.12. The stock has a market cap of $55.91 billion, a P/E ratio of 68.61, a PEG ratio of 3.29 and a beta of 1.02.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.66 by $0.17. Intuitive Surgical had a return on equity of 18.79% and a net margin of 22.31%. The firm had revenue of $920.90 million for the quarter, compared to analysts’ expectations of $916.22 million. During the same period in the previous year, the firm earned $2.77 EPS. The business’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, equities analysts forecast that Intuitive Surgical, Inc. will post 9.52 earnings per share for the current year.

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Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural hand movements, which are performed on instrument controls at a console into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.

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

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