HealthCor Management L.P. boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,460 shares of the medical equipment provider’s stock after buying an additional 4,450 shares during the quarter. Intuitive Surgical makes up approximately 3.4% of HealthCor Management L.P.’s investment portfolio, making the stock its 10th biggest holding. HealthCor Management L.P. owned about 0.16% of Intuitive Surgical worth $103,584,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of ISRG. Jennison Associates LLC increased its holdings in Intuitive Surgical by 773.4% during the third quarter. Jennison Associates LLC now owns 1,387,243 shares of the medical equipment provider’s stock valued at $796,277,000 after buying an additional 1,228,418 shares during the period. FMR LLC increased its holdings in Intuitive Surgical by 19.2% during the second quarter. FMR LLC now owns 6,629,648 shares of the medical equipment provider’s stock valued at $3,172,155,000 after buying an additional 1,068,107 shares during the period. Morgan Stanley increased its holdings in Intuitive Surgical by 88.1% during the second quarter. Morgan Stanley now owns 1,301,299 shares of the medical equipment provider’s stock valued at $622,646,000 after buying an additional 609,465 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Intuitive Surgical by 1,108.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 332,800 shares of the medical equipment provider’s stock valued at $190,991,000 after buying an additional 305,259 shares during the period. Finally, Capital World Investors grew its holdings in Intuitive Surgical by 6.8% in the third quarter. Capital World Investors now owns 2,942,531 shares of the medical equipment provider’s stock worth $1,689,013,000 after purchasing an additional 188,476 shares during the last quarter. 84.31% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on the stock. Zacks Investment Research lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine lowered shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Friday, December 7th. Citigroup cut their price target on shares of Intuitive Surgical from $606.00 to $601.00 and set a “buy” rating on the stock in a report on Thursday, November 29th. Finally, UBS Group assumed coverage on shares of Intuitive Surgical in a report on Tuesday, November 27th. They issued a “neutral” rating and a $540.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the stock. Intuitive Surgical presently has a consensus rating of “Buy” and a consensus target price of $553.71.
Shares of ISRG opened at $491.81 on Friday. The firm has a market cap of $56.16 billion, a PE ratio of 68.40, a P/E/G ratio of 3.56 and a beta of 1.03. Intuitive Surgical, Inc. has a 1-year low of $359.78 and a 1-year high of $581.12.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.17. The firm had revenue of $920.90 million for the quarter, compared to analyst estimates of $916.22 million. Intuitive Surgical had a net margin of 22.31% and a return on equity of 18.79%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.77 earnings per share. As a group, analysts predict that Intuitive Surgical, Inc. will post 9.52 EPS for the current fiscal year.
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.
Read More: Initial Public Offering (IPO)
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