Northeast Investment Management lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,291 shares of the medical equipment provider’s stock after acquiring an additional 167 shares during the period. Northeast Investment Management’s holdings in Intuitive Surgical were worth $2,396,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Alps Advisors Inc. increased its position in shares of Intuitive Surgical by 0.3% in the second quarter. Alps Advisors Inc. now owns 647 shares of the medical equipment provider’s stock worth $605,000 after acquiring an additional 2 shares in the last quarter. Chilton Investment Co. LLC increased its position in shares of Intuitive Surgical by 0.4% in the second quarter. Chilton Investment Co. LLC now owns 502 shares of the medical equipment provider’s stock worth $470,000 after acquiring an additional 2 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its position in shares of Intuitive Surgical by 0.5% in the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 370 shares of the medical equipment provider’s stock worth $346,000 after acquiring an additional 2 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of Intuitive Surgical by 1.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 284 shares of the medical equipment provider’s stock worth $266,000 after acquiring an additional 4 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its position in shares of Intuitive Surgical by 1.4% in the second quarter. Wetherby Asset Management Inc. now owns 361 shares of the medical equipment provider’s stock worth $338,000 after acquiring an additional 5 shares in the last quarter. 32.81% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Surgical, Inc. (NASDAQ ISRG) opened at $369.95 on Tuesday. Intuitive Surgical, Inc. has a 1 year low of $203.57 and a 1 year high of $405.05. The company has a market cap of $44,444.88, a P/E ratio of 52.49, a P/E/G ratio of 5.51 and a beta of 0.48.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $806.10 million for the quarter, compared to the consensus estimate of $753.25 million. During the same period in the previous year, the firm posted $2.06 earnings per share. The firm’s revenue was up 18.0% on a year-over-year basis. sell-side analysts predict that Intuitive Surgical, Inc. will post 7.85 EPS for the current fiscal year.

Several research analysts have recently weighed in on the stock. Vetr raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $113.37 target price on the stock in a research report on Thursday, August 17th. Wedbush reissued a “buy” rating on shares of Intuitive Surgical in a research report on Tuesday, October 10th. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $436.00 target price on the stock in a research report on Tuesday, November 14th. Royal Bank Of Canada reissued a “hold” rating and issued a $333.33 target price on shares of Intuitive Surgical in a research report on Friday, September 1st. Finally, Canaccord Genuity reissued a “hold” rating on shares of Intuitive Surgical in a research report on Tuesday, October 17th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $155.78.

In other Intuitive Surgical news, CFO Marshall Mohr sold 6,000 shares of Intuitive Surgical stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $372.22, for a total value of $2,233,320.00. Following the completion of the sale, the chief financial officer now directly owns 12,316 shares in the company, valued at $4,584,261.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark J. Meltzer sold 3,000 shares of Intuitive Surgical stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $400.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the senior vice president now owns 9,888 shares of the company’s stock, valued at $3,955,200. The disclosure for this sale can be found here. Insiders have sold 55,944 shares of company stock worth $21,432,971 over the last ninety days. 2.20% of the stock is currently owned by insiders.

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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.

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

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