CLARET ASSET MANAGEMENT Corp Trims Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

CLARET ASSET MANAGEMENT Corp reduced its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 27.8% in the third quarter, Holdings Channel reports. The firm owned 609 shares of the medical equipment provider’s stock after selling 234 shares during the period. CLARET ASSET MANAGEMENT Corp’s holdings in Intuitive Surgical were worth $329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Intuitive Surgical by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 8,826,059 shares of the medical equipment provider’s stock valued at $4,629,709,000 after purchasing an additional 169,521 shares in the last quarter. FMR LLC grew its position in shares of Intuitive Surgical by 7.3% during the 1st quarter. FMR LLC now owns 6,807,862 shares of the medical equipment provider’s stock valued at $3,884,429,000 after purchasing an additional 462,957 shares in the last quarter. Morgan Stanley grew its position in shares of Intuitive Surgical by 39.1% during the 2nd quarter. Morgan Stanley now owns 4,288,986 shares of the medical equipment provider’s stock valued at $2,249,785,000 after purchasing an additional 1,204,750 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Intuitive Surgical by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,768,213 shares of the medical equipment provider’s stock valued at $1,452,065,000 after purchasing an additional 68,868 shares in the last quarter. Finally, Edgewood Management LLC grew its position in shares of Intuitive Surgical by 1.1% during the 2nd quarter. Edgewood Management LLC now owns 2,453,310 shares of the medical equipment provider’s stock valued at $1,286,884,000 after purchasing an additional 26,298 shares in the last quarter. Hedge funds and other institutional investors own 85.87% of the company’s stock.

Shares of NASDAQ:ISRG opened at $518.03 on Friday. Intuitive Surgical, Inc. has a 52-week low of $430.24 and a 52-week high of $589.32. The firm has a fifty day moving average of $516.49 and a 200 day moving average of $518.54. The firm has a market capitalization of $59.70 billion, a PE ratio of 54.59, a price-to-earnings-growth ratio of 3.74 and a beta of 1.13.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, July 18th. The medical equipment provider reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $1.02. Intuitive Surgical had a net margin of 29.95% and a return on equity of 17.35%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business earned $2.76 earnings per share. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. Equities analysts predict that Intuitive Surgical, Inc. will post 10.12 earnings per share for the current fiscal year.

ISRG has been the subject of a number of recent analyst reports. Redburn Partners initiated coverage on shares of Intuitive Surgical in a research report on Friday, September 13th. They set a “buy” rating for the company. Northland Securities set a $375.00 price target on shares of Intuitive Surgical and gave the company a “sell” rating in a research report on Friday, July 19th. Cantor Fitzgerald set a $620.00 price target on shares of Intuitive Surgical and gave the company a “buy” rating in a research report on Friday, July 19th. Canaccord Genuity restated a “buy” rating and set a $610.00 price target (up from $575.00) on shares of Intuitive Surgical in a research report on Friday, July 19th. Finally, UBS Group set a $560.00 target price on shares of Intuitive Surgical and gave the stock a “hold” rating in a research report on Friday, July 19th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. Intuitive Surgical currently has an average rating of “Hold” and a consensus target price of $575.33.

In other Intuitive Surgical news, EVP Curet Myriam sold 4,974 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $532.14, for a total value of $2,646,864.36. Following the completion of the sale, the executive vice president now directly owns 3,851 shares of the company’s stock, valued at $2,049,271.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lonnie M. Smith sold 215 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $493.18, for a total transaction of $106,033.70. Following the completion of the sale, the director now directly owns 330,868 shares of the company’s stock, valued at $163,177,480.24. The disclosure for this sale can be found here. Insiders sold 25,869 shares of company stock valued at $13,664,252 over the last quarter. 1.70% of the stock is owned by company insiders.

Intuitive Surgical Company Profile

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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