Cobiz Wealth LLC trimmed its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 25.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 400 shares of the medical equipment provider’s stock after selling 135 shares during the period. Cobiz Wealth LLC’s holdings in Intuitive Surgical were worth $228,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. IFM Investors Pty Ltd raised its position in Intuitive Surgical by 12.8% during the 1st quarter. IFM Investors Pty Ltd now owns 7,420 shares of the medical equipment provider’s stock worth $4,234,000 after purchasing an additional 842 shares during the last quarter. Carroll Financial Associates Inc. raised its position in Intuitive Surgical by 646.5% during the 1st quarter. Carroll Financial Associates Inc. now owns 321 shares of the medical equipment provider’s stock worth $183,000 after purchasing an additional 278 shares during the last quarter. Hills Bank & Trust Co. bought a new position in Intuitive Surgical during the 1st quarter worth $318,000. Gemmer Asset Management LLC raised its position in Intuitive Surgical by 151.5% during the 1st quarter. Gemmer Asset Management LLC now owns 83 shares of the medical equipment provider’s stock worth $47,000 after purchasing an additional 50 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. raised its position in Intuitive Surgical by 14.6% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 180 shares of the medical equipment provider’s stock worth $103,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 84.91% of the company’s stock.

In related news, CEO Gary S. Guthart sold 28,152 shares of the firm’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $520.47, for a total value of $14,652,271.44. Following the transaction, the chief executive officer now owns 379,452 shares of the company’s stock, valued at approximately $197,493,382.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Jamie Samath sold 458 shares of the firm’s stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $500.03, for a total transaction of $229,013.74. Following the completion of the transaction, the vice president now directly owns 198 shares in the company, valued at approximately $99,005.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,284 shares of company stock valued at $22,205,382. 1.70% of the stock is currently owned by company insiders.

ISRG has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $540.00 price target for the company in a report on Wednesday, December 19th. Citigroup decreased their price target on Intuitive Surgical from $601.00 to $560.00 and set a “buy” rating for the company in a report on Wednesday, January 2nd. ValuEngine upgraded Intuitive Surgical from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Northland Securities reiterated a “sell” rating and set a $375.00 price target on shares of Intuitive Surgical in a report on Thursday, January 10th. Finally, Stifel Nicolaus decreased their price target on Intuitive Surgical from $600.00 to $570.00 and set a “buy” rating for the company in a report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $576.17.

Shares of ISRG traded up $6.05 during trading hours on Thursday, hitting $531.05. The stock had a trading volume of 939,024 shares, compared to its average volume of 687,870. The company has a market cap of $61.84 billion, a PE ratio of 55.96, a P/E/G ratio of 4.53 and a beta of 1.10. Intuitive Surgical, Inc. has a 1-year low of $429.04 and a 1-year high of $589.32.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, January 24th. The medical equipment provider reported $2.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.07 by ($0.11). The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Intuitive Surgical had a net margin of 30.29% and a return on equity of 18.11%. The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.54 earnings per share. Equities research analysts predict that Intuitive Surgical, Inc. will post 9.9 earnings per share for the current fiscal year.

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Intuitive Surgical Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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

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