Stephens Investment Management Group LLC raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,251 shares of the medical equipment provider’s stock after purchasing an additional 2,266 shares during the quarter. Stephens Investment Management Group LLC owned about 0.06% of Intuitive Surgical worth $36,311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ISRG. Flagship Harbor Advisors LLC lifted its holdings in shares of Intuitive Surgical by 1.8% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 1,073 shares of the medical equipment provider’s stock valued at $562,000 after acquiring an additional 19 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its holdings in shares of Intuitive Surgical by 3.0% during the 2nd quarter. Compagnie Lombard Odier SCmA now owns 690 shares of the medical equipment provider’s stock valued at $362,000 after acquiring an additional 20 shares in the last quarter. Capital Investment Advisory Services LLC lifted its holdings in shares of Intuitive Surgical by 6.5% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 329 shares of the medical equipment provider’s stock valued at $178,000 after acquiring an additional 20 shares in the last quarter. Lodestar Investment Counsel LLC IL lifted its holdings in shares of Intuitive Surgical by 0.6% during the 2nd quarter. Lodestar Investment Counsel LLC IL now owns 3,549 shares of the medical equipment provider’s stock valued at $1,862,000 after acquiring an additional 21 shares in the last quarter. Finally, Mirova lifted its holdings in shares of Intuitive Surgical by 10.6% during the 2nd quarter. Mirova now owns 220 shares of the medical equipment provider’s stock valued at $115,000 after acquiring an additional 21 shares in the last quarter. Institutional investors own 85.90% of the company’s stock.

In related news, EVP Curet Myriam sold 4,974 shares of Intuitive Surgical stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $532.14, for a total transaction of $2,646,864.36. Following the sale, the executive vice president now owns 3,851 shares of the company’s stock, valued at approximately $2,049,271.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Salvatore Brogna sold 1,171 shares of Intuitive Surgical stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $505.23, for a total transaction of $591,624.33. Following the sale, the chief operating officer now directly owns 5,933 shares in the company, valued at approximately $2,997,529.59. The disclosure for this sale can be found here. Insiders have sold a total of 25,869 shares of company stock worth $13,664,252 in the last ninety days. 1.70% of the stock is currently owned by insiders.

Several equities analysts recently weighed in on ISRG shares. UBS Group lifted their target price on shares of Intuitive Surgical from $560.00 to $590.00 and gave the company a “neutral” rating in a report on Friday. Morgan Stanley set a $620.00 target price on shares of Intuitive Surgical and gave the company a “buy” rating in a report on Friday, July 19th. Canaccord Genuity restated a “buy” rating and set a $610.00 target price (up previously from $575.00) on shares of Intuitive Surgical in a report on Friday, July 19th. ValuEngine lowered shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Finally, Raymond James lifted their target price on shares of Intuitive Surgical from $610.00 to $625.00 in a report on Friday. Three analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $579.08.

Intuitive Surgical stock traded up $36.85 during midday trading on Friday, hitting $566.25. 2,302,938 shares of the stock were exchanged, compared to its average volume of 574,302. Intuitive Surgical, Inc. has a 1 year low of $430.24 and a 1 year high of $589.32. The firm has a market cap of $61.02 billion, a P/E ratio of 59.67, a P/E/G ratio of 3.89 and a beta of 1.13. The company has a 50 day moving average price of $521.84 and a two-hundred day moving average price of $517.32.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, October 17th. The medical equipment provider reported $3.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.99 by $0.44. Intuitive Surgical had a net margin of 30.94% and a return on equity of 18.77%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm posted $2.83 EPS. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. On average, equities research analysts anticipate that Intuitive Surgical, Inc. will post 10.12 EPS for the current fiscal year.

Intuitive Surgical Company 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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