Intuitive Surgical, Inc. $ISRG Stock Position Decreased by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,802,003 shares of the medical equipment provider’s stock after selling 157,287 shares during the quarter. Wellington Management Group LLP’s holdings in Intuitive Surgical were worth $1,511,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Pin Oak Investment Advisors Inc. acquired a new position in Intuitive Surgical in the second quarter worth approximately $35,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Intuitive Surgical during the second quarter valued at approximately $981,000. North Star Asset Management Inc. acquired a new stake in Intuitive Surgical in the second quarter valued at approximately $9,456,000. Dearborn Partners LLC acquired a new stake in Intuitive Surgical in the second quarter valued at approximately $270,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Intuitive Surgical in the second quarter worth approximately $55,894,000. Institutional investors own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

ISRG has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Intuitive Surgical from $440.00 to $366.00 and set a “sell” rating on the stock in a research note on Tuesday, June 2nd. Leerink Partners reduced their price objective on shares of Intuitive Surgical from $573.00 to $454.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Stifel Nicolaus decreased their price objective on shares of Intuitive Surgical from $670.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 17th. Mizuho set a $500.00 target price on shares of Intuitive Surgical and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Finally, UBS Group began coverage on Intuitive Surgical in a report on Tuesday, July 28th. They set a “neutral” rating and a $500.00 target price on the stock. Twenty-two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $508.68.

Intuitive Surgical Stock Up 1.5%

Shares of ISRG stock opened at $372.60 on Friday. Intuitive Surgical, Inc. has a 12 month low of $328.57 and a 12 month high of $603.88. The company has a market cap of $131.63 billion, a PE ratio of 42.68, a price-to-earnings-growth ratio of 2.65 and a beta of 1.46. The business’s 50 day moving average is $384.60 and its two-hundred day moving average is $432.76.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, July 16th. The medical equipment provider reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.32. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Intuitive Surgical had a net margin of 28.45% and a return on equity of 16.91%. Intuitive Surgical’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.81 earnings per share. As a group, equities analysts expect that Intuitive Surgical, Inc. will post 8.87 EPS for the current fiscal year.

Insider Transactions at Intuitive Surgical

In other news, Director Gary S. Guthart sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $400.00, for a total value of $4,000,000.00. Following the sale, the director directly owned 1,245,679 shares of the company’s stock, valued at approximately $498,271,600. This trade represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Brosius sold 77 shares of Intuitive Surgical stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $375.57, for a total value of $28,918.89. Following the completion of the transaction, the executive vice president owned 881 shares in the company, valued at $330,877.17. The trade was a 8.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 17,283 shares of company stock worth $7,015,429. Corporate insiders own 0.60% of the company’s stock.

Intuitive Surgical Company Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.