Keybank National Association OH reduced its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.5% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,043 shares of the medical equipment provider’s stock after selling 16 shares during the period. Keybank National Association OH’s holdings in Intuitive Surgical were worth $799,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ISRG. Quantitative Investment Management LLC boosted its position in Intuitive Surgical by 62.8% in the third quarter. Quantitative Investment Management LLC now owns 12,700 shares of the medical equipment provider’s stock worth $9,205,000 after buying an additional 4,900 shares during the period. Arizona State Retirement System boosted its position in Intuitive Surgical by 2.2% in the third quarter. Arizona State Retirement System now owns 13,893 shares of the medical equipment provider’s stock worth $10,070,000 after buying an additional 300 shares during the period. Hanseatic Management Services Inc. boosted its position in Intuitive Surgical by 39.5% in the third quarter. Hanseatic Management Services Inc. now owns 2,330 shares of the medical equipment provider’s stock worth $1,689,000 after buying an additional 660 shares during the period. Pictet & Cie Europe SA bought a new position in Intuitive Surgical during the third quarter worth $1,455,000. Finally, Banque Pictet & Cie SA boosted its position in Intuitive Surgical by 44.9% in the third quarter. Banque Pictet & Cie SA now owns 5,508 shares of the medical equipment provider’s stock worth $3,992,000 after buying an additional 1,708 shares during the period. 97.58% of the stock is owned by institutional investors.

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

Intuitive Surgical, Inc. (NASDAQ ISRG) traded up 1.77% on Friday, hitting $914.84. The company had a trading volume of 574,934 shares. The firm’s 50 day moving average price is $883.02 and its 200 day moving average price is $751.79. The stock has a market cap of $33.70 billion, a P/E ratio of 46.12 and a beta of 0.41. Intuitive Surgical, Inc. has a 12-month low of $610.71 and a 12-month high of $937.15.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Tuesday, April 18th. The medical equipment provider reported $5.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.97 by $1.12. The company had revenue of $674.20 million for the quarter, compared to the consensus estimate of $664.72 million. Intuitive Surgical had a return on equity of 15.41% and a net margin of 27.99%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business posted $4.42 earnings per share. Equities analysts predict that Intuitive Surgical, Inc. will post $23.64 earnings per share for the current fiscal year.

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ISRG has been the subject of a number of analyst reports. Canaccord Genuity reissued a “buy” rating and issued a $800.00 price target on shares of Intuitive Surgical in a report on Friday, March 24th. Barclays PLC reissued a “buy” rating and issued a $800.00 price target on shares of Intuitive Surgical in a report on Sunday, March 26th. Royal Bank of Canada boosted their price target on Intuitive Surgical from $720.00 to $770.00 and gave the stock a “sector perform” rating in a report on Monday, April 17th. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $860.00 price objective for the company in a research report on Tuesday, April 18th. Finally, Wedbush lifted their price objective on Intuitive Surgical from $800.00 to $835.00 and gave the company an “outperform” rating in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $856.69.

In other Intuitive Surgical news, Director Amal M. Johnson sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $917.27, for a total transaction of $917,270.00. Following the completion of the transaction, the director now owns 3,787 shares in the company, valued at $3,473,701.49. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan J. Levy sold 1,386 shares of the firm’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $813.15, for a total transaction of $1,127,025.90. Following the transaction, the director now owns 2,598 shares of the company’s stock, valued at approximately $2,112,563.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,306 shares of company stock worth $46,588,332. 2.50% of the stock is currently owned by company insiders.

About Intuitive Surgical

Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s 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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