Tobam increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 62.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,546 shares of the medical equipment provider’s stock after buying an additional 975 shares during the period. Tobam’s holdings in Intuitive Surgical were worth $2,381,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ISRG. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Intuitive Surgical by 16.1% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 9,121 shares of the medical equipment provider’s stock valued at $8,532,000 after buying an additional 1,262 shares in the last quarter. Andra AP fonden raised its position in shares of Intuitive Surgical by 3.7% in the second quarter. Andra AP fonden now owns 20,400 shares of the medical equipment provider’s stock valued at $19,082,000 after buying an additional 720 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Intuitive Surgical by 3.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 17,236 shares of the medical equipment provider’s stock valued at $16,124,000 after buying an additional 638 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of Intuitive Surgical during the second quarter valued at approximately $1,364,000. Finally, Intrust Bank NA raised its position in shares of Intuitive Surgical by 31.1% in the second quarter. Intrust Bank NA now owns 830 shares of the medical equipment provider’s stock valued at $776,000 after buying an additional 197 shares in the last quarter. Institutional investors and hedge funds own 94.35% of the company’s stock.

Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at 986.00 on Tuesday. Intuitive Surgical, Inc. has a 12-month low of $610.71 and a 12-month high of $998.00. The stock has a market capitalization of $36.63 billion, a PE ratio of 47.23 and a beta of 0.39. The company has a 50-day moving average price of $953.87 and a 200-day moving average price of $854.47. Intuitive Surgical shares are going to split before the market opens on Thursday, August 31st. The 3-1 split was announced on Friday, August 11th. The newly created shares will be issued to shareholders after the closing bell on Wednesday, August 30th.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share for the quarter, topping analysts’ consensus estimates of $5.79 by $0.16. The business had revenue of $756.20 million for the quarter, compared to analysts’ expectations of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.62 EPS. Analysts expect that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current fiscal year.

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Several brokerages have commented on ISRG. Vetr raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $1,022.32 price objective for the company in a research report on Monday. BidaskClub raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Canaccord Genuity reaffirmed a “hold” rating and issued a $1,000.00 price target (up previously from $870.00) on shares of Intuitive Surgical in a research report on Wednesday, July 26th. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,070.00 price target (up previously from $950.00) on shares of Intuitive Surgical in a research report on Tuesday, July 25th. Finally, Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $1,067.00 price target for the company in a research report on Tuesday, July 25th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $980.72.

In other Intuitive Surgical news, EVP Salvatore Brogna sold 1,306 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $915.09, for a total transaction of $1,195,107.54. Following the sale, the executive vice president now owns 977 shares in the company, valued at approximately $894,042.93. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary S. Guthart sold 17,975 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $937.27, for a total value of $16,847,428.25. Following the sale, the chief executive officer now owns 101,798 shares in the company, valued at approximately $95,412,211.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,565 shares of company stock worth $32,150,540. Insiders own 2.50% of the company’s stock.

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

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