Blair William & Co. IL Sells 3,108 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Blair William & Co. IL lessened its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 84,279 shares of the medical equipment provider’s stock after selling 3,108 shares during the period. Blair William & Co. IL’s holdings in Intuitive Surgical were worth $41,736,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC boosted its holdings in Intuitive Surgical by 6.8% in the first quarter. Sequoia Financial Advisors LLC now owns 1,024 shares of the medical equipment provider’s stock valued at $507,000 after acquiring an additional 65 shares during the last quarter. MainStreet Investment Advisors LLC bought a new position in Intuitive Surgical in the first quarter valued at about $581,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Intuitive Surgical by 1.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 52,689 shares of the medical equipment provider’s stock valued at $26,092,000 after acquiring an additional 568 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. boosted its holdings in Intuitive Surgical by 75.1% in the first quarter. Nan Shan Life Insurance Co. Ltd. now owns 72,955 shares of the medical equipment provider’s stock valued at $36,128,000 after acquiring an additional 31,300 shares during the last quarter. Finally, Tredje AP fonden boosted its holdings in Intuitive Surgical by 19.7% in the first quarter. Tredje AP fonden now owns 8,405 shares of the medical equipment provider’s stock valued at $3,476,000 after acquiring an additional 1,384 shares during the last quarter. Institutional investors and hedge funds own 85.09% of the company’s stock.

Intuitive Surgical stock traded up $16.85 during midday trading on Friday, reaching $562.80. The stock had a trading volume of 550,232 shares, compared to its average volume of 603,355. The firm’s fifty day simple moving average is $510.90 and its 200-day simple moving average is $549.84. Intuitive Surgical, Inc. has a 1-year low of $360.50 and a 1-year high of $619.00. The stock has a market capitalization of $63.67 billion, a P/E ratio of 48.48, a price-to-earnings-growth ratio of 12.33 and a beta of 0.91.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, April 16th. The medical equipment provider reported $2.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.54 by $0.15. Intuitive Surgical had a return on equity of 17.40% and a net margin of 30.11%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm earned $2.61 EPS. Intuitive Surgical’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, equities analysts anticipate that Intuitive Surgical, Inc. will post 6.78 EPS for the current year.

ISRG has been the topic of several recent research reports. Morgan Stanley decreased their price target on Intuitive Surgical from $670.00 to $622.00 and set an “overweight” rating on the stock in a report on Friday, March 27th. Cfra lowered Intuitive Surgical from a “hold” rating to a “sell” rating in a research note on Friday, April 17th. UBS Group cut their target price on Intuitive Surgical from $620.00 to $565.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Evercore ISI lowered Intuitive Surgical from an “in-line” rating to an “underperform” rating in a research note on Sunday, April 19th. Finally, Stifel Nicolaus increased their target price on Intuitive Surgical from $425.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $572.50.

In other Intuitive Surgical news, Director Amal M. Johnson sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $550.00, for a total value of $1,650,000.00. Following the completion of the transaction, the director now directly owns 12,468 shares in the company, valued at $6,857,400. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jamie Samath sold 248 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $506.18, for a total value of $125,532.64. Following the completion of the transaction, the senior vice president now owns 385 shares of the company’s stock, valued at $194,879.30. The disclosure for this sale can be found here. In the last three months, insiders sold 14,034 shares of company stock worth $7,381,613. 1.60% of the stock is owned by insiders.

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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