Robeco Institutional Asset Management B.V. Sells 8,742 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 22.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,417 shares of the medical equipment provider’s stock after selling 8,742 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Intuitive Surgical were worth $15,432,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its stake in Intuitive Surgical by 1.2% in the first quarter. BlackRock Inc. now owns 8,424,675 shares of the medical equipment provider’s stock valued at $4,806,951,000 after purchasing an additional 96,860 shares in the last quarter. FMR LLC increased its stake in Intuitive Surgical by 7.3% in the first quarter. FMR LLC now owns 6,807,862 shares of the medical equipment provider’s stock valued at $3,884,429,000 after purchasing an additional 462,957 shares in the last quarter. Jennison Associates LLC increased its stake in Intuitive Surgical by 37.4% in the first quarter. Jennison Associates LLC now owns 2,679,394 shares of the medical equipment provider’s stock valued at $1,528,809,000 after purchasing an additional 729,710 shares in the last quarter. Northern Trust Corp increased its stake in Intuitive Surgical by 1.1% in the first quarter. Northern Trust Corp now owns 1,342,116 shares of the medical equipment provider’s stock valued at $765,784,000 after purchasing an additional 14,460 shares in the last quarter. Finally, Thoroughbred Financial Services LLC increased its stake in Intuitive Surgical by 101,543.0% in the second quarter. Thoroughbred Financial Services LLC now owns 864,982 shares of the medical equipment provider’s stock valued at $86,498,000 after purchasing an additional 864,131 shares in the last quarter. 86.25% of the stock is owned by institutional investors and hedge funds.

In related news, Director Lonnie M. Smith sold 227 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $493.39, for a total transaction of $111,999.53. Following the completion of the transaction, the director now owns 359,696 shares in the company, valued at $177,470,409.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jamie Samath sold 130 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $500.60, for a total transaction of $65,078.00. Following the transaction, the vice president now owns 219 shares of the company’s stock, valued at approximately $109,631.40. The disclosure for this sale can be found here. Insiders have sold 48,518 shares of company stock valued at $25,016,421 in the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Several brokerages have commented on ISRG. Morgan Stanley set a $620.00 target price on shares of Intuitive Surgical and gave the company a “buy” rating in a research note on Friday, July 19th. Northland Securities set a $375.00 price objective on shares of Intuitive Surgical and gave the stock a “sell” rating in a research report on Friday, July 19th. Zacks Investment Research downgraded shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. UBS Group set a $560.00 price objective on shares of Intuitive Surgical and gave the stock a “hold” rating in a research report on Friday, July 19th. Finally, BTIG Research reissued a “hold” rating on shares of Intuitive Surgical in a research report on Sunday, April 21st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. Intuitive Surgical presently has a consensus rating of “Hold” and an average target price of $579.92.

Shares of ISRG stock traded down $10.35 during trading hours on Friday, hitting $513.60. 723,104 shares of the company were exchanged, compared to its average volume of 638,169. The company has a 50 day moving average of $525.92. Intuitive Surgical, Inc. has a 52 week low of $430.24 and a 52 week high of $589.32. The stock has a market cap of $60.39 billion, a P/E ratio of 54.12, a PEG ratio of 3.89 and a beta of 1.12.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, July 18th. The medical equipment provider reported $3.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.23 by $1.02. Intuitive Surgical had a net margin of 29.95% and a return on equity of 17.35%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $2.76 earnings per share. The firm’s revenue was up 20.9% compared to the same quarter last year. As a group, research analysts predict that Intuitive Surgical, Inc. will post 10.15 earnings per share for the current year.

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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