AGF Investments Inc. Has $38.01 Million Stake in Intuitive Surgical, Inc. (ISRG)

AGF Investments Inc. lifted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 57.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,146 shares of the medical equipment provider’s stock after acquiring an additional 37,968 shares during the period. AGF Investments Inc.’s holdings in Intuitive Surgical were worth $38,007,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ISRG. Edgewood Management LLC boosted its stake in Intuitive Surgical by 200.7% during the third quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock valued at $1,010,359,000 after buying an additional 1,934,382 shares during the period. American Century Companies Inc. boosted its stake in Intuitive Surgical by 162.2% during the fourth quarter. American Century Companies Inc. now owns 1,426,348 shares of the medical equipment provider’s stock valued at $520,531,000 after buying an additional 882,255 shares during the period. Swiss National Bank boosted its stake in Intuitive Surgical by 158.5% during the fourth quarter. Swiss National Bank now owns 538,646 shares of the medical equipment provider’s stock valued at $196,573,000 after buying an additional 330,264 shares during the period. APG Asset Management N.V. boosted its stake in Intuitive Surgical by 318.4% during the fourth quarter. APG Asset Management N.V. now owns 363,539 shares of the medical equipment provider’s stock valued at $110,485,000 after buying an additional 276,657 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in Intuitive Surgical by 214.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 386,037 shares of the medical equipment provider’s stock valued at $140,881,000 after buying an additional 263,157 shares during the period. 36.79% of the stock is owned by hedge funds and other institutional investors.

ISRG has been the subject of several research analyst reports. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $409.00 price objective for the company in a research note on Wednesday, January 3rd. Wells Fargo & Co reissued a “buy” rating on shares of Intuitive Surgical in a research note on Monday, October 16th. BidaskClub lowered Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Goldman Sachs Group reissued a “buy” rating on shares of Intuitive Surgical in a research note on Saturday, November 18th. Finally, Vetr raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $434.75 price objective for the company in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $408.48.

Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) opened at $398.51 on Tuesday. Intuitive Surgical, Inc. has a 52 week low of $233.66 and a 52 week high of $452.00. The stock has a market capitalization of $44,650.00, a PE ratio of 70.16, a price-to-earnings-growth ratio of 4.63 and a beta of 0.50.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.27. The firm had revenue of $892.40 million during the quarter, compared to analyst estimates of $866.54 million. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The company’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.03 earnings per share. equities analysts predict that Intuitive Surgical, Inc. will post 7.93 earnings per share for the current fiscal year.

In other news, VP Jamie Samath sold 959 shares of Intuitive Surgical stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $398.46, for a total value of $382,123.14. Following the transaction, the vice president now owns 536 shares in the company, valued at $213,574.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Mark J. Meltzer sold 6,000 shares of Intuitive Surgical stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $397.14, for a total value of $2,382,840.00. Following the completion of the transaction, the senior vice president now owns 9,888 shares in the company, valued at approximately $3,926,920.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,016 shares of company stock worth $35,133,026. Company insiders own 2.20% of the company’s stock.

WARNING: “AGF Investments Inc. Has $38.01 Million Stake in Intuitive Surgical, Inc. (ISRG)” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.com-unik.info/2018/02/13/agf-investments-inc-has-38-01-million-stake-in-intuitive-surgical-inc-isrg.html.

Intuitive Surgical Profile

Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s 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.

Want to see what other hedge funds are holding ISRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuitive Surgical, Inc. (NASDAQ:ISRG).

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit