Sumitomo Mitsui Trust Holdings Inc. Lowers Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 448,197 shares of the medical equipment provider’s stock after selling 7,799 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.39% of Intuitive Surgical worth $235,102,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ISRG. Flagship Harbor Advisors LLC increased its position in Intuitive Surgical by 1.8% during the second quarter. Flagship Harbor Advisors LLC now owns 1,073 shares of the medical equipment provider’s stock valued at $562,000 after acquiring an additional 19 shares during the last quarter. Destination Wealth Management increased its position in Intuitive Surgical by 14.0% during the first quarter. Destination Wealth Management now owns 171 shares of the medical equipment provider’s stock valued at $98,000 after acquiring an additional 21 shares during the last quarter. Wetherby Asset Management Inc. increased its position in Intuitive Surgical by 1.3% during the first quarter. Wetherby Asset Management Inc. now owns 1,684 shares of the medical equipment provider’s stock valued at $961,000 after acquiring an additional 21 shares during the last quarter. Lodestar Investment Counsel LLC IL increased its position in Intuitive Surgical by 0.6% during the second quarter. Lodestar Investment Counsel LLC IL now owns 3,549 shares of the medical equipment provider’s stock valued at $1,862,000 after acquiring an additional 21 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. increased its position in Intuitive Surgical by 14.6% during the first quarter. Shine Investment Advisory Services Inc. now owns 180 shares of the medical equipment provider’s stock valued at $103,000 after acquiring an additional 23 shares during the last quarter. 86.22% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Marshall Mohr sold 15,000 shares of Intuitive Surgical stock in a transaction on Monday, July 29th. The stock was sold at an average price of $526.11, for a total transaction of $7,891,650.00. Following the transaction, the vice president now owns 20,135 shares in the company, valued at approximately $10,593,224.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lonnie M. Smith sold 227 shares of Intuitive Surgical stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $493.39, for a total value of $111,999.53. Following the transaction, the director now owns 359,696 shares in the company, valued at approximately $177,470,409.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,882 shares of company stock worth $13,664,919. Insiders own 1.70% of the company’s stock.

ISRG stock traded up $1.97 during midday trading on Wednesday, reaching $505.74. The stock had a trading volume of 329,799 shares, compared to its average volume of 653,311. The firm has a fifty day moving average price of $526.47. The stock has a market cap of $58.29 billion, a P/E ratio of 53.29, a price-to-earnings-growth ratio of 3.82 and a beta of 1.12. Intuitive Surgical, Inc. has a 52-week low of $430.24 and a 52-week high of $589.32.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, July 18th. The medical equipment provider reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $1.02. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. Intuitive Surgical had a return on equity of 17.35% and a net margin of 29.95%. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.76 EPS. Analysts anticipate that Intuitive Surgical, Inc. will post 10.15 EPS for the current fiscal year.

A number of research analysts have weighed in on ISRG shares. Citigroup cut their price objective on shares of Intuitive Surgical from $611.00 to $575.00 and set a “buy” rating on the stock in a research report on Tuesday, May 14th. BidaskClub upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th. Northland Securities set a $375.00 price target on shares of Intuitive Surgical and gave the stock a “sell” rating in a report on Friday, July 19th. ValuEngine cut shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Finally, Piper Jaffray Companies upped their price target on shares of Intuitive Surgical from $610.00 to $633.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $579.92.

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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