Bedel Financial Consulting Inc. cut its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 36.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,166 shares of the medical equipment provider’s stock after selling 666 shares during the quarter. Bedel Financial Consulting Inc.’s holdings in Intuitive Surgical were worth $630,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Intuitive Surgical by 2.0% during the second quarter. Vanguard Group Inc. now owns 8,826,059 shares of the medical equipment provider’s stock worth $4,629,709,000 after buying an additional 169,521 shares in the last quarter. FMR LLC increased its position in Intuitive Surgical by 7.3% during the first quarter. FMR LLC now owns 6,807,862 shares of the medical equipment provider’s stock worth $3,884,429,000 after buying an additional 462,957 shares in the last quarter. Morgan Stanley increased its position in Intuitive Surgical by 39.1% during the second quarter. Morgan Stanley now owns 4,288,986 shares of the medical equipment provider’s stock worth $2,249,785,000 after buying an additional 1,204,750 shares in the last quarter. Bank of New York Mellon Corp increased its position in Intuitive Surgical by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 2,768,213 shares of the medical equipment provider’s stock worth $1,452,065,000 after buying an additional 68,868 shares in the last quarter. Finally, Edgewood Management LLC increased its position in Intuitive Surgical by 1.1% during the second quarter. Edgewood Management LLC now owns 2,453,310 shares of the medical equipment provider’s stock worth $1,286,884,000 after buying an additional 26,298 shares in the last quarter. 85.87% of the stock is owned by hedge funds and other institutional investors.

In other Intuitive Surgical news, VP Jamie Samath sold 130 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $503.50, for a total transaction of $65,455.00. Following the completion of the sale, the vice president now owns 219 shares of the company’s stock, valued at $110,266.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Salvatore Brogna sold 1,171 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $505.23, for a total value of $591,624.33. Following the sale, the chief operating officer now directly owns 5,933 shares of the company’s stock, valued at approximately $2,997,529.59. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,869 shares of company stock valued at $13,664,252. Company insiders own 1.70% of the company’s stock.

Shares of NASDAQ:ISRG traded up $5.12 during midday trading on Wednesday, reaching $514.12. The company’s stock had a trading volume of 235,682 shares, compared to its average volume of 712,963. The firm has a market cap of $58.66 billion, a price-to-earnings ratio of 54.17, a price-to-earnings-growth ratio of 3.88 and a beta of 1.13. Intuitive Surgical, Inc. has a 1 year low of $430.24 and a 1 year high of $589.32. The business has a 50 day moving average price of $515.31 and a 200 day moving average price of $519.31.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, July 18th. The medical equipment provider reported $3.25 EPS for the quarter, beating the Zacks’ consensus estimate of $2.23 by $1.02. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. Intuitive Surgical had a return on equity of 17.35% and a net margin of 29.95%. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.76 earnings per share. Analysts expect that Intuitive Surgical, Inc. will post 10.12 EPS for the current year.

ISRG has been the subject of several recent research reports. Canaccord Genuity reissued a “buy” rating and set a $610.00 price target (up previously from $575.00) on shares of Intuitive Surgical in a research report on Friday, July 19th. ValuEngine downgraded Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Morgan Stanley set a $620.00 price target on Intuitive Surgical and gave the stock a “buy” rating in a research report on Friday, July 19th. UBS Group set a $560.00 price objective on Intuitive Surgical and gave the company a “hold” rating in a research report on Friday, July 19th. Finally, Northland Securities set a $375.00 price objective on Intuitive Surgical and gave the company a “sell” rating in a research report on Friday, July 19th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $575.33.

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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