Intuitive Surgical, Inc. (NASDAQ: ISRG) Position Boosted by Cwm LLC
Cwm LLC increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ: ISRG) by 7.1% during the first quarter, as disclosed with the Securities and Exchange Commission (SEC). The firm added 3,253 shares, bringing their total ownership to 49,032 shares of the medical equipment supplier’s stock.
At the end of the reporting period, Cwm LLC’s holdings in Intuitive Surgical amounted to approximately $24,284,000. Several other hedge funds also adjusted their positions in the company during this period.
Hedge Fund Movements
Castleark Management LLC increased its stake in Intuitive Surgical by 3.4% in the fourth quarter, now owning 90,469 shares valued at $47,221,000. Arlington Trust Co LLC raised its position by 34.5% in the first quarter, holding 745 shares valued at $369,000. Aaron Wealth Advisors LLC also raised its position by 3.2% in the first quarter, now owning 2,509 shares valued at $1,243,000. Ewing Morris & Co. Investment Partners Ltd. and Whalerock Point Partners LLC acquired new stakes in the company during the fourth quarter, collectively worth hundreds of thousands of dollars.
Insider Trading Activity
In recent news, SVP Mark Brosius and EVP Robert Desantis conducted insider selling of Intuitive Surgical shares. Brosius sold 216 shares at an average price of $563.11, totaling $121,631.76, while Desantis sold 188 shares at $515.91 per share, amounting to $96,991.08.
Financial Performance and Market Position
Intuitive Surgical stock opened at $512.06 on Monday, with a market cap of $183.53 billion. The company has shown a strong performance, with a 52-week low of $413.82 and a high of $616.00.
The company reported $1.81 EPS for the last quarter, surpassing analysts’ estimates. With a net margin of 28.41% and a return on equity of 14.43%, Intuitive Surgical continues to demonstrate financial strength.
Company Profile and Analyst Recommendations
Intuitive Surgical develops, manufactures, and markets products that enhance minimally invasive care for physicians globally. The company’s da Vinci Surgical System and Ion endoluminal system are at the forefront of innovative medical technology.
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