Bath Savings Trust Co Decreases Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Bath Savings Trust Co lowered its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,960 shares of the medical equipment provider’s stock after selling 193 shares during the quarter. Bath Savings Trust Co’s holdings in Intuitive Surgical were worth $2,260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of Intuitive Surgical by 1.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,239 shares of the medical equipment provider’s stock valued at $593,000 after acquiring an additional 21 shares during the last quarter. Cerity Partners LLC lifted its stake in Intuitive Surgical by 3.7% during the fourth quarter. Cerity Partners LLC now owns 673 shares of the medical equipment provider’s stock worth $322,000 after purchasing an additional 24 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in Intuitive Surgical by 0.4% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 6,025 shares of the medical equipment provider’s stock worth $2,885,000 after purchasing an additional 25 shares during the last quarter. Whitener Capital Management Inc. lifted its stake in Intuitive Surgical by 1.4% during the fourth quarter. Whitener Capital Management Inc. now owns 1,831 shares of the medical equipment provider’s stock worth $876,000 after purchasing an additional 25 shares during the last quarter. Finally, Kaizen Advisory LLC lifted its stake in Intuitive Surgical by 9.0% during the fourth quarter. Kaizen Advisory LLC now owns 304 shares of the medical equipment provider’s stock worth $146,000 after purchasing an additional 25 shares during the last quarter. 84.91% of the stock is owned by institutional investors.

ISRG has been the topic of several research analyst reports. Citigroup reduced their price objective on Intuitive Surgical from $601.00 to $560.00 and set a “buy” rating on the stock in a research note on Wednesday, January 2nd. Zacks Investment Research cut Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. ValuEngine upgraded Intuitive Surgical from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Northland Securities reiterated a “sell” rating and issued a $375.00 target price on shares of Intuitive Surgical in a research note on Thursday, January 10th. Finally, Stifel Nicolaus cut their target price on Intuitive Surgical from $600.00 to $570.00 and set a “buy” rating on the stock in a research note on Friday, January 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $578.94.

In related news, COO Salvatore Brogna sold 2,090 shares of Intuitive Surgical stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $551.79, for a total transaction of $1,153,241.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jamie Samath sold 458 shares of Intuitive Surgical stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $500.03, for a total value of $229,013.74. Following the transaction, the vice president now directly owns 198 shares in the company, valued at $99,005.94. The disclosure for this sale can be found here. Insiders have sold 42,544 shares of company stock worth $22,335,382 over the last three months. Corporate insiders own 1.70% of the company’s stock.

Shares of ISRG opened at $508.14 on Thursday. The firm has a market cap of $57.73 billion, a PE ratio of 53.54, a price-to-earnings-growth ratio of 4.15 and a beta of 1.10. Intuitive Surgical, Inc. has a one year low of $429.04 and a one year high of $589.32.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, April 18th. The medical equipment provider reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). The business had revenue of $974.00 million for the quarter, compared to analyst estimates of $975.27 million. Intuitive Surgical had a net margin of 29.78% and a return on equity of 17.85%. Intuitive Surgical’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the business posted $2.44 earnings per share. Sell-side analysts predict that Intuitive Surgical, Inc. will post 9.9 EPS for the current fiscal year.

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About Intuitive Surgical

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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