Intuitive Surgical, Inc. (ISRG) Holdings Trimmed by Smith Salley & Associates

Smith Salley & Associates cut its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.3% in the 1st quarter, Holdings Channel reports. The firm owned 1,728 shares of the medical equipment provider’s stock after selling 40 shares during the period. Smith Salley & Associates’ holdings in Intuitive Surgical were worth $986,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ISRG. Oregon Public Employees Retirement Fund lifted its stake in Intuitive Surgical by 31,963.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,679,377 shares of the medical equipment provider’s stock worth $31,000 after purchasing an additional 14,633,595 shares during the last quarter. Norges Bank bought a new stake in Intuitive Surgical during the fourth quarter worth $524,111,000. BlackRock Inc. lifted its stake in Intuitive Surgical by 7.3% during the fourth quarter. BlackRock Inc. now owns 8,327,815 shares of the medical equipment provider’s stock worth $3,988,358,000 after purchasing an additional 569,388 shares during the last quarter. Jennison Associates LLC lifted its stake in Intuitive Surgical by 40.5% during the fourth quarter. Jennison Associates LLC now owns 1,949,684 shares of the medical equipment provider’s stock worth $933,743,000 after purchasing an additional 562,441 shares during the last quarter. Finally, Samlyn Capital LLC bought a new stake in Intuitive Surgical during the fourth quarter worth $47,198,000. Hedge funds and other institutional investors own 84.93% of the company’s stock.

Several equities research analysts have weighed in on ISRG shares. Canaccord Genuity restated a “buy” rating and set a $575.00 target price (down from $610.00) on shares of Intuitive Surgical in a research note on Monday, April 22nd. Citigroup dropped their price target on Intuitive Surgical from $684.00 to $611.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Northland Securities reiterated a “sell” rating and issued a $375.00 price target on shares of Intuitive Surgical in a research note on Thursday, January 10th. BidaskClub cut Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 16th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $610.00 price target on shares of Intuitive Surgical in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. Intuitive Surgical currently has an average rating of “Buy” and a consensus target price of $578.94.

Shares of ISRG traded down $10.79 during trading hours on Friday, reaching $485.27. The stock had a trading volume of 10,107 shares, compared to its average volume of 787,529. The stock has a market capitalization of $56.72 billion, a price-to-earnings ratio of 51.14, a PEG ratio of 4.43 and a beta of 1.02. Intuitive Surgical, Inc. has a 12 month low of $430.24 and a 12 month high of $589.32.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, April 18th. The medical equipment provider reported $2.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($0.09). The company had revenue of $974.00 million for the quarter, compared to the consensus estimate of $975.27 million. Intuitive Surgical had a return on equity of 17.33% and a net margin of 29.78%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.44 earnings per share. On average, research analysts anticipate that Intuitive Surgical, Inc. will post 9.4 earnings per share for the current fiscal year.

In related news, EVP Curet Myriam sold 2,200 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $493.26, for a total transaction of $1,085,172.00. Following the completion of the transaction, the executive vice president now directly owns 3,101 shares of the company’s stock, valued at approximately $1,529,599.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jamie Samath sold 228 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $544.00, for a total value of $124,032.00. Following the transaction, the vice president now directly owns 636 shares of the company’s stock, valued at $345,984. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,266 shares of company stock valued at $16,451,271. 1.70% of the stock is owned by corporate insiders.

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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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