Biondo Investment Advisors LLC lifted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 193.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,194 shares of the medical equipment provider’s stock after purchasing an additional 58,111 shares during the quarter. Intuitive Surgical comprises 8.5% of Biondo Investment Advisors LLC’s investment portfolio, making the stock its biggest holding. Biondo Investment Advisors LLC owned about 0.08% of Intuitive Surgical worth $30,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the company. Fayez Sarofim & Co. boosted its position in shares of Intuitive Surgical by 0.9% during the 3rd quarter. Fayez Sarofim & Co. now owns 51,165 shares of the medical equipment provider’s stock worth $53,512,000 after purchasing an additional 448 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Intuitive Surgical by 5.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 20,435 shares of the medical equipment provider’s stock worth $21,373,000 after purchasing an additional 984 shares in the last quarter. Caldwell & Orkin Inc. bought a new position in shares of Intuitive Surgical during the 3rd quarter worth about $267,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Intuitive Surgical by 12.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 1,176 shares of the medical equipment provider’s stock worth $1,230,000 after purchasing an additional 132 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Intuitive Surgical by 21.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 73,589 shares of the medical equipment provider’s stock worth $76,954,000 after purchasing an additional 12,920 shares in the last quarter. 32.95% of the stock is currently owned by institutional investors.

Intuitive Surgical, Inc. (ISRG) traded down $1.32 during trading hours on Monday, reaching $392.48. 617,000 shares of the company’s stock traded hands, compared to its average volume of 967,291. The stock has a market cap of $44,020.00, a price-to-earnings ratio of 51.94, a price-to-earnings-growth ratio of 5.45 and a beta of 0.46. Intuitive Surgical, Inc. has a 52-week low of $203.57 and a 52-week high of $400.00.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.78. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The company had revenue of $806.10 million during the quarter, compared to analyst estimates of $753.25 million. During the same quarter last year, the business posted $2.06 EPS. Intuitive Surgical’s quarterly revenue was up 18.0% compared to the same quarter last year. equities research analysts expect that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current year.

In other news, insider Craig H. Barratt sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $371.18, for a total transaction of $5,567,700.00. Following the completion of the sale, the insider now owns 7,500 shares in the company, valued at approximately $2,783,850. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alan J. Levy sold 2,997 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $371.35, for a total transaction of $1,112,935.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,656 shares of company stock valued at $15,432,702. 2.20% of the stock is currently owned by company insiders.

ISRG has been the topic of a number of research analyst reports. Wedbush reissued a “buy” rating on shares of Intuitive Surgical in a research report on Tuesday, October 10th. Barclays PLC reaffirmed an “overweight” rating on shares of Intuitive Surgical in a research report on Friday, October 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $118.89 price target (up previously from $105.56) on shares of Intuitive Surgical in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Finally, Vetr raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $113.59 price target on the stock in a research report on Monday, August 28th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Intuitive Surgical currently has a consensus rating of “Buy” and a consensus price target of $155.78.

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Intuitive Surgical 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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