Intuitive Surgical, Inc. (ISRG) Position Boosted by Private Advisor Group LLC

Private Advisor Group LLC raised its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 196.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,012 shares of the medical equipment provider’s stock after buying an additional 5,970 shares during the period. Private Advisor Group LLC’s holdings in Intuitive Surgical were worth $5,173,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC raised its stake in Intuitive Surgical by 19.2% during the 2nd 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 last quarter. Edgewood Management LLC raised its stake in Intuitive Surgical by 2.5% during the 2nd quarter. Edgewood Management LLC now owns 2,460,784 shares of the medical equipment provider’s stock valued at $1,177,436,000 after buying an additional 61,059 shares during the last quarter. American Century Companies Inc. raised its stake in Intuitive Surgical by 1.8% during the 2nd quarter. American Century Companies Inc. now owns 1,422,488 shares of the medical equipment provider’s stock valued at $680,632,000 after buying an additional 25,201 shares during the last quarter. Morgan Stanley raised its stake in Intuitive Surgical by 88.1% during the 2nd 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 last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Intuitive Surgical by 4.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 426,494 shares of the medical equipment provider’s stock valued at $204,069,000 after buying an additional 17,869 shares during the last quarter. Institutional investors and hedge funds own 84.16% of the company’s stock.

ISRG has been the subject of a number of research reports. Piper Jaffray Companies upgraded shares of Intuitive Surgical from a “neutral” rating to an “overweight” rating and set a $600.00 target price for the company in a research note on Tuesday, October 9th. Morgan Stanley boosted their target price on shares of Intuitive Surgical from $575.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, October 11th. Wells Fargo & Co boosted their target price on shares of Intuitive Surgical from $575.00 to $635.00 and gave the company an “outperform” rating in a research note on Wednesday, September 12th. Bank of America boosted their target price on shares of Intuitive Surgical from $510.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, July 17th. Finally, Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $582.00 target price for the company in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the company. Intuitive Surgical currently has a consensus rating of “Buy” and a consensus target price of $554.64.

Shares of ISRG stock opened at $519.69 on Wednesday. Intuitive Surgical, Inc. has a 1 year low of $359.75 and a 1 year high of $581.12. The firm has a market cap of $58.95 billion, a PE ratio of 72.28, a price-to-earnings-growth ratio of 3.47 and a beta of 1.02.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.17. Intuitive Surgical had a net margin of 22.31% and a return on equity of 18.79%. The firm had revenue of $920.90 million during the quarter, compared to the consensus estimate of $916.22 million. During the same quarter in the previous year, the firm posted $2.77 EPS. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, sell-side analysts forecast that Intuitive Surgical, Inc. will post 9.52 earnings per share for the current year.

In related news, VP Jamie Samath sold 864 shares of the company’s stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $499.21, for a total value of $431,317.44. Following the completion of the transaction, the vice president now owns 257 shares of the company’s stock, valued at approximately $128,296.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Salvatore Brogna sold 2,652 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $557.39, for a total transaction of $1,478,198.28. Following the completion of the transaction, the chief operating officer now directly owns 2,049 shares of the company’s stock, valued at approximately $1,142,092.11. The disclosure for this sale can be found here. Insiders sold a total of 47,086 shares of company stock valued at $24,023,337 in the last ninety days. 2.20% of the stock is currently owned by insiders.

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About Intuitive Surgical

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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