Weather Gauge Advisory LLC Boosts Stake in Intuitive Surgical, Inc. (ISRG)

Weather Gauge Advisory LLC lifted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 6.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,702 shares of the medical equipment provider’s stock after buying an additional 100 shares during the period. Weather Gauge Advisory LLC’s holdings in Intuitive Surgical were worth $971,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Retirement Systems of Alabama grew its holdings in Intuitive Surgical by 1.6% during the 1st quarter. Retirement Systems of Alabama now owns 53,311 shares of the medical equipment provider’s stock valued at $30,418,000 after purchasing an additional 857 shares during the last quarter. Virtu Financial LLC bought a new position in Intuitive Surgical during the 1st quarter valued at about $712,000. First Manhattan Co. grew its holdings in Intuitive Surgical by 20.0% during the 1st quarter. First Manhattan Co. now owns 180 shares of the medical equipment provider’s stock valued at $102,000 after purchasing an additional 30 shares during the last quarter. CAPROCK Group Inc. bought a new position in Intuitive Surgical during the 1st quarter valued at about $221,000. Finally, Howard Capital Management Inc. bought a new position in Intuitive Surgical during the 1st quarter valued at about $503,000. Hedge funds and other institutional investors own 84.91% of the company’s stock.

In other news, EVP Curet Myriam sold 1,410 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $546.56, for a total value of $770,649.60. Following the completion of the sale, the executive vice president now owns 2,417 shares of the company’s stock, valued at approximately $1,321,035.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lonnie M. Smith sold 210 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $546.56, for a total transaction of $114,777.60. Following the completion of the sale, the director now directly owns 359,246 shares of the company’s stock, valued at approximately $196,349,493.76. The disclosure for this sale can be found here. Insiders sold a total of 42,284 shares of company stock valued at $22,205,382 in the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Several brokerages recently commented on ISRG. Zacks Investment Research downgraded shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Thursday. 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. Cantor Fitzgerald reiterated a “buy” rating and set a $620.00 price target on shares of Intuitive Surgical in a report on Friday, January 25th. BidaskClub downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 7th. Finally, Royal Bank of Canada set a $560.00 price target on shares of Intuitive Surgical and gave the company a “hold” rating in a report on Thursday, February 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Intuitive Surgical has a consensus rating of “Buy” and an average target price of $576.17.

Intuitive Surgical stock traded down $6.04 during trading hours on Monday, hitting $576.81. The company had a trading volume of 512,711 shares, compared to its average volume of 671,271. The stock has a market cap of $67.44 billion, a price-to-earnings ratio of 60.66, a price-to-earnings-growth ratio of 4.59 and a beta of 1.10. Intuitive Surgical, Inc. has a 1 year low of $417.68 and a 1 year high of $589.32.

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

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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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