Toronto Dominion Bank boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 6.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,336 shares of the medical equipment provider’s stock after purchasing an additional 4,603 shares during the quarter. Toronto Dominion Bank owned 0.07% of Intuitive Surgical worth $44,381,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Arrow Financial Corp bought a new stake in Intuitive Surgical during the 3rd quarter valued at $115,000. JNBA Financial Advisors bought a new stake in Intuitive Surgical during the 3rd quarter valued at $115,000. Pendal Group Ltd bought a new stake in Intuitive Surgical during the 3rd quarter valued at $118,000. Optimum Investment Advisors increased its stake in Intuitive Surgical by 189.9% during the 3rd quarter. Optimum Investment Advisors now owns 229 shares of the medical equipment provider’s stock valued at $131,000 after purchasing an additional 150 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Intuitive Surgical during the 3rd quarter valued at $137,000. Institutional investors and hedge funds own 83.98% of the company’s stock.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $564.00 price target for the company in a research note on Thursday. Stifel Nicolaus boosted their price target on shares of Intuitive Surgical from $515.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Royal Bank of Canada set a $550.00 price target on shares of Intuitive Surgical and gave the company a “hold” rating in a research note on Friday, July 20th. BTIG Research restated a “hold” rating on shares of Intuitive Surgical in a research note on Sunday, July 22nd. Finally, Citigroup boosted their price target on shares of Intuitive Surgical from $561.00 to $592.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $553.69.

NASDAQ ISRG opened at $498.64 on Thursday. Intuitive Surgical, Inc. has a 1 year low of $359.75 and a 1 year high of $581.12. The firm has a market capitalization of $57.56 billion, a PE ratio of 69.35, a PEG ratio of 3.38 and a beta of 1.02.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.66 by $0.17. Intuitive Surgical had a net margin of 22.31% and a return on equity of 18.79%. The firm had revenue of $920.90 million during the quarter, compared to analyst estimates of $916.22 million. During the same quarter in the prior year, the business posted $2.77 EPS. The business’s revenue was up 14.0% compared to the same quarter last year. On average, research analysts expect that Intuitive Surgical, Inc. will post 9.52 earnings per share for the current year.

In related news, Director Lonnie M. Smith sold 225 shares of the stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $540.04, for a total transaction of $121,509.00. Following the completion of the transaction, the director now owns 379,175 shares in the company, valued at $204,769,667. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Salvatore Brogna sold 2,652 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $557.39, for a total transaction of $1,478,198.28. Following the transaction, the chief operating officer now owns 2,049 shares of the company’s stock, valued at approximately $1,142,092.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,311 shares of company stock valued at $24,144,846. 2.20% of the stock is owned by company insiders.

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Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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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