HealthCor Management L.P. Raises Position in Intuitive Surgical, Inc. (ISRG)

HealthCor Management L.P. boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,460 shares of the medical equipment provider’s stock after buying an additional 4,450 shares during the quarter. Intuitive Surgical makes up approximately 3.4% of HealthCor Management L.P.’s investment portfolio, making the stock its 10th biggest holding. HealthCor Management L.P. owned about 0.16% of Intuitive Surgical worth $103,584,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ISRG. Jennison Associates LLC increased its holdings in Intuitive Surgical by 773.4% during the third quarter. Jennison Associates LLC now owns 1,387,243 shares of the medical equipment provider’s stock valued at $796,277,000 after buying an additional 1,228,418 shares during the period. FMR LLC increased its holdings in Intuitive Surgical by 19.2% during the second 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 period. Morgan Stanley increased its holdings in Intuitive Surgical by 88.1% during the second 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 period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Intuitive Surgical by 1,108.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 332,800 shares of the medical equipment provider’s stock valued at $190,991,000 after buying an additional 305,259 shares during the period. Finally, Capital World Investors grew its holdings in Intuitive Surgical by 6.8% in the third quarter. Capital World Investors now owns 2,942,531 shares of the medical equipment provider’s stock worth $1,689,013,000 after purchasing an additional 188,476 shares during the last quarter. 84.31% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on the stock. Zacks Investment Research lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine lowered shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Friday, December 7th. Citigroup cut their price target on shares of Intuitive Surgical from $606.00 to $601.00 and set a “buy” rating on the stock in a report on Thursday, November 29th. Finally, UBS Group assumed coverage on shares of Intuitive Surgical in a report on Tuesday, November 27th. They issued a “neutral” rating and a $540.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the stock. Intuitive Surgical presently has a consensus rating of “Buy” and a consensus target price of $553.71.

In other news, Director Lonnie M. Smith sold 225 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $540.04, for a total transaction of $121,509.00. Following the sale, the director now directly owns 379,175 shares of the company’s stock, valued at $204,769,667. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David J. Rosa sold 32,500 shares of the business’s stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $500.86, for a total transaction of $16,277,950.00. Following the sale, the executive vice president now directly owns 44,208 shares in the company, valued at $22,142,018.88. The disclosure for this sale can be found here. Insiders have sold 72,491 shares of company stock worth $37,767,784 over the last three months. Corporate insiders own 2.20% of the company’s stock.

Shares of ISRG opened at $491.81 on Friday. The firm has a market cap of $56.16 billion, a PE ratio of 68.40, a P/E/G ratio of 3.56 and a beta of 1.03. Intuitive Surgical, Inc. has a 1-year low of $359.78 and a 1-year high of $581.12.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.17. The firm had revenue of $920.90 million for the quarter, compared to analyst estimates of $916.22 million. Intuitive Surgical had a net margin of 22.31% and a return on equity of 18.79%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.77 earnings per share. As a group, analysts predict that Intuitive Surgical, Inc. will post 9.52 EPS for the current fiscal year.

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Intuitive Surgical Company 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.

Read More: Initial Public Offering (IPO)

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

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