Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Boosts Holdings in Intuitive Surgical, Inc. (ISRG)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 200.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,229 shares of the medical equipment provider’s stock after purchasing an additional 1,486 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Intuitive Surgical were worth $813,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank raised its stake in Intuitive Surgical by 241.6% in the fourth quarter. Toronto Dominion Bank now owns 48,252 shares of the medical equipment provider’s stock worth $17,610,000 after buying an additional 34,126 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Intuitive Surgical by 281.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 155,321 shares of the medical equipment provider’s stock worth $56,684,000 after buying an additional 114,654 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Intuitive Surgical by 163.6% during the 4th quarter. First Trust Advisors LP now owns 134,757 shares of the medical equipment provider’s stock worth $49,178,000 after buying an additional 83,627 shares during the last quarter. Keybank National Association OH increased its holdings in shares of Intuitive Surgical by 123.1% during the 4th quarter. Keybank National Association OH now owns 2,922 shares of the medical equipment provider’s stock worth $1,066,000 after buying an additional 1,612 shares during the last quarter. Finally, Greenleaf Trust increased its holdings in shares of Intuitive Surgical by 229.8% during the 4th quarter. Greenleaf Trust now owns 2,157 shares of the medical equipment provider’s stock worth $787,000 after buying an additional 1,503 shares during the last quarter. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Several analysts recently weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $480.00 target price (up previously from $400.00) on shares of Intuitive Surgical in a report on Thursday, January 25th. Citigroup reiterated a “buy” rating and issued a $531.00 target price on shares of Intuitive Surgical in a report on Friday, January 26th. Cantor Fitzgerald reiterated a “buy” rating and issued a $490.00 target price on shares of Intuitive Surgical in a report on Friday, January 26th. Piper Jaffray Companies reiterated a “hold” rating on shares of Intuitive Surgical in a report on Friday, January 26th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $410.00 price target (up previously from $380.00) on shares of Intuitive Surgical in a research report on Friday, January 26th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Intuitive Surgical presently has an average rating of “Buy” and an average target price of $408.48.

In other news, EVP Curet Myriam sold 262 shares of Intuitive Surgical stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $431.50, for a total transaction of $113,053.00. Following the completion of the sale, the executive vice president now directly owns 2,152 shares of the company’s stock, valued at approximately $928,588. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gary S. Guthart sold 28,525 shares of Intuitive Surgical stock in a transaction on Monday, February 5th. The stock was sold at an average price of $414.50, for a total transaction of $11,823,612.50. Following the sale, the chief executive officer now directly owns 311,469 shares of the company’s stock, valued at $129,103,900.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,016 shares of company stock valued at $35,133,026. Corporate insiders own 2.20% of the company’s stock.

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at $409.89 on Thursday. The stock has a market cap of $45,930.00, a price-to-earnings ratio of 72.16, a PEG ratio of 4.73 and a beta of 0.50. Intuitive Surgical, Inc. has a 1 year low of $236.84 and a 1 year high of $452.00.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data 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 business had revenue of $892.40 million during the quarter, compared to analysts’ expectations of $866.54 million. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.03 EPS. analysts predict that Intuitive Surgical, Inc. will post 7.93 EPS for the current year.

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About Intuitive Surgical

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.

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

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