Samlyn Capital LLC Purchases Shares of 98,551 Intuitive Surgical, Inc. (ISRG)

Samlyn Capital LLC purchased a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 98,551 shares of the medical equipment provider’s stock, valued at approximately $47,198,000. Samlyn Capital LLC owned about 0.09% of Intuitive Surgical as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ISRG. Oregon Public Employees Retirement Fund raised its position in shares of Intuitive Surgical by 31,963.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,679,377 shares of the medical equipment provider’s stock worth $31,000 after purchasing an additional 14,633,595 shares during the last quarter. Morgan Stanley raised its position in shares of Intuitive Surgical by 119.5% during the 3rd quarter. Morgan Stanley now owns 2,856,195 shares of the medical equipment provider’s stock worth $1,639,456,000 after purchasing an additional 1,554,896 shares during the last quarter. BlackRock Inc. raised its position in shares of Intuitive Surgical by 7.3% during the 4th quarter. BlackRock Inc. now owns 8,327,815 shares of the medical equipment provider’s stock worth $3,988,358,000 after purchasing an additional 569,388 shares during the last quarter. Jennison Associates LLC raised its position in shares of Intuitive Surgical by 40.5% during the 4th quarter. Jennison Associates LLC now owns 1,949,684 shares of the medical equipment provider’s stock worth $933,743,000 after purchasing an additional 562,441 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Intuitive Surgical by 1,108.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 332,800 shares of the medical equipment provider’s stock worth $190,991,000 after purchasing an additional 305,259 shares during the last quarter. Hedge funds and other institutional investors own 84.78% of the company’s stock.

In other news, Director Lonnie M. Smith sold 210 shares of the stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $546.56, for a total value of $114,777.60. Following the completion of the sale, the director now owns 359,246 shares of the company’s stock, valued at approximately $196,349,493.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Salvatore Brogna sold 2,090 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $551.79, for a total transaction of $1,153,241.10. The disclosure for this sale can be found here. In the last three months, insiders sold 42,284 shares of company stock valued at $22,205,382. Corporate insiders own 2.20% of the company’s stock.

Intuitive Surgical stock opened at $558.22 on Monday. Intuitive Surgical, Inc. has a 1-year low of $393.57 and a 1-year high of $581.12. The company has a market capitalization of $64.52 billion, a PE ratio of 58.82, a PEG ratio of 4.25 and a beta of 1.10.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, January 24th. The medical equipment provider reported $2.96 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.11). Intuitive Surgical had a net margin of 30.29% and a return on equity of 18.11%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the company earned $2.54 EPS. The business’s quarterly revenue was up 17.3% on a year-over-year basis. As a group, sell-side analysts forecast that Intuitive Surgical, Inc. will post 10.07 earnings per share for the current year.

Several analysts recently issued reports on ISRG shares. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $540.00 price objective for the company in a research note on Wednesday, December 19th. Northland Securities reaffirmed a “sell” rating and set a $375.00 price objective on shares of Intuitive Surgical in a research note on Thursday, January 10th. BidaskClub cut shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 30th. Royal Bank of Canada set a $560.00 price objective on shares of Intuitive Surgical and gave the company a “hold” rating in a research note on Thursday, February 28th. Finally, Citigroup dropped their price objective on shares of Intuitive Surgical from $601.00 to $560.00 and set a “buy” rating for the company in a research note on Wednesday, January 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Intuitive Surgical has a consensus rating of “Buy” and a consensus target price of $566.40.

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About Intuitive Surgical

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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

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