Intuitive Surgical, Inc. (ISRG) Position Increased by US Bancorp DE

US Bancorp DE increased its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,914 shares of the medical equipment provider’s stock after purchasing an additional 141 shares during the period. US Bancorp DE’s holdings in Intuitive Surgical were worth $7,396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ISRG. Atria Investments LLC boosted its stake in Intuitive Surgical by 189.4% in the 4th quarter. Atria Investments LLC now owns 1,777 shares of the medical equipment provider’s stock worth $648,000 after purchasing an additional 1,163 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Intuitive Surgical by 214.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 386,037 shares of the medical equipment provider’s stock worth $140,881,000 after buying an additional 263,157 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in Intuitive Surgical by 143.6% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,727 shares of the medical equipment provider’s stock worth $630,000 after buying an additional 1,018 shares during the last quarter. First Manhattan Co. raised its position in Intuitive Surgical by 2,625.7% during the 4th quarter. First Manhattan Co. now owns 1,908 shares of the medical equipment provider’s stock worth $696,000 after buying an additional 1,838 shares during the last quarter. Finally, Jag Capital Management LLC raised its position in Intuitive Surgical by 74.9% during the 4th quarter. Jag Capital Management LLC now owns 24,417 shares of the medical equipment provider’s stock worth $8,911,000 after buying an additional 10,455 shares during the last quarter. Institutional investors own 85.52% of the company’s stock.

In related news, Director Lonnie M. Smith sold 265 shares of Intuitive Surgical stock in a transaction on Monday, May 14th. The shares were sold at an average price of $465.13, for a total value of $123,259.45. Following the sale, the director now owns 466,470 shares of the company’s stock, valued at approximately $216,969,191.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Curet Myriam sold 8,078 shares of Intuitive Surgical stock in a transaction on Monday, May 14th. The shares were sold at an average price of $471.56, for a total transaction of $3,809,261.68. Following the completion of the sale, the executive vice president now directly owns 3,595 shares in the company, valued at approximately $1,695,258.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 189,916 shares of company stock valued at $85,561,416. Insiders own 2.20% of the company’s stock.

A number of research firms have issued reports on ISRG. Bank of America raised their price target on shares of Intuitive Surgical from $465.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, April 18th. Royal Bank of Canada set a $460.00 price target on shares of Intuitive Surgical and gave the stock a “hold” rating in a research report on Wednesday, April 18th. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $532.00 price target for the company in a research report on Monday, April 23rd. Canaccord Genuity raised their price target on shares of Intuitive Surgical from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, April 18th. Finally, Piper Jaffray Companies reissued a “hold” rating on shares of Intuitive Surgical in a research report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $457.59.

Intuitive Surgical opened at $454.61 on Wednesday, Marketbeat Ratings reports. The company has a market cap of $52.50 billion, a PE ratio of 63.23, a PEG ratio of 4.33 and a beta of 0.56. Intuitive Surgical, Inc. has a 1-year low of $292.17 and a 1-year high of $473.79.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Tuesday, April 17th. The medical equipment provider reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.37. The firm had revenue of $848.00 million during the quarter, compared to analyst estimates of $773.20 million. Intuitive Surgical had a net margin of 23.25% and a return on equity of 20.72%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the firm earned $5.09 EPS. sell-side analysts anticipate that Intuitive Surgical, Inc. will post 8.84 earnings per share for the current year.

Intuitive Surgical 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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