USA Financial Portformulas Corp bought a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,106 shares of the medical equipment provider’s stock, valued at approximately $2,905,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. lifted its holdings in Intuitive Surgical by 2,770.9% in the first quarter. BlackRock Inc. now owns 2,846,621 shares of the medical equipment provider’s stock worth $2,181,851,000 after acquiring an additional 2,747,465 shares during the last quarter. FMR LLC lifted its holdings in Intuitive Surgical by 19.6% in the second quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock worth $2,548,849,000 after acquiring an additional 447,397 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Intuitive Surgical by 0.8% in the second quarter. Vanguard Group Inc. now owns 2,524,027 shares of the medical equipment provider’s stock worth $2,360,900,000 after acquiring an additional 20,210 shares during the last quarter. Koch Industries Inc. lifted its holdings in Intuitive Surgical by 202,917.0% in the second quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock worth $1,387,000 after acquiring an additional 1,387,952 shares during the last quarter. Finally, Edgewood Management LLC lifted its holdings in Intuitive Surgical by 38.8% in the first quarter. Edgewood Management LLC now owns 919,617 shares of the medical equipment provider’s stock worth $704,859,000 after acquiring an additional 257,165 shares during the last quarter. 31.41% of the stock is currently owned by hedge funds and other institutional investors.

Intuitive Surgical, Inc. (ISRG) traded up 0.40% on Tuesday, reaching $354.98. 268,918 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $347.28 and its 200 day moving average price is $310.58. The firm has a market capitalization of $39.56 billion, a PE ratio of 51.01 and a beta of 0.39. Intuitive Surgical, Inc. has a 52-week low of $203.57 and a 52-week high of $367.50.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.02. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The business had revenue of $756.20 million for the quarter, compared to analyst estimates of $724.51 million. During the same period in the prior year, the business posted $0.62 earnings per share. Intuitive Surgical’s revenue was up 12.8% compared to the same quarter last year. On average, analysts predict that Intuitive Surgical, Inc. will post $7.97 EPS for the current fiscal year.

In other Intuitive Surgical news, Director Michael A. Friedman sold 1,000 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $945.60, for a total value of $945,600.00. Following the sale, the director now directly owns 977 shares in the company, valued at $923,851.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gary S. Guthart sold 17,975 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $937.27, for a total transaction of $16,847,428.25. Following the completion of the sale, the chief executive officer now owns 101,798 shares in the company, valued at $95,412,211.46. The disclosure for this sale can be found here. Insiders sold 23,172 shares of company stock worth $21,923,487 over the last 90 days. 2.20% of the stock is currently owned by company insiders.

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A number of equities analysts have issued reports on ISRG shares. Morgan Stanley reissued an “overweight” rating on shares of Intuitive Surgical in a report on Tuesday, September 5th. Wedbush reissued a “buy” rating on shares of Intuitive Surgical in a report on Tuesday, October 10th. Citigroup Inc. reissued a “buy” rating and issued a $119.78 target price (up previously from $101.89) on shares of Intuitive Surgical in a report on Monday, July 24th. Wells Fargo & Company reissued an “outperform” rating and issued a $116.67 target price (up previously from $111.11) on shares of Intuitive Surgical in a report on Wednesday, July 12th. Finally, Cantor Fitzgerald started coverage on shares of Intuitive Surgical in a report on Thursday, June 29th. They issued a “neutral” rating and a $111.11 target price on the stock. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $137.11.

Intuitive Surgical Company Profile

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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