Victory Capital Management Inc. raised its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 15.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,151 shares of the medical equipment provider’s stock after buying an additional 7,446 shares during the period. Victory Capital Management Inc. owned about 0.15% of Intuitive Surgical worth $53,458,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ISRG. Alps Advisors Inc. boosted its position in Intuitive Surgical by 0.3% in the second quarter. Alps Advisors Inc. now owns 647 shares of the medical equipment provider’s stock worth $605,000 after buying an additional 2 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in Intuitive Surgical by 2.2% in the first quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock worth $109,000 after buying an additional 3 shares in the last quarter. Greenleaf Trust boosted its position in Intuitive Surgical by 0.8% in the first quarter. Greenleaf Trust now owns 477 shares of the medical equipment provider’s stock worth $366,000 after buying an additional 4 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Intuitive Surgical by 1.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 280 shares of the medical equipment provider’s stock worth $215,000 after buying an additional 5 shares in the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in Intuitive Surgical by 1.4% in the second quarter. Wetherby Asset Management Inc. now owns 361 shares of the medical equipment provider’s stock worth $338,000 after buying an additional 5 shares in the last quarter. 94.35% of the stock is owned by institutional investors and hedge funds.

Intuitive Surgical, Inc. (NASDAQ ISRG) opened at 978.63 on Monday. Intuitive Surgical, Inc. has a 52-week low of $610.71 and a 52-week high of $998.00. The stock’s 50 day moving average price is $953.87 and its 200 day moving average price is $854.47. The firm has a market capitalization of $36.36 billion, a price-to-earnings ratio of 46.87 and a beta of 0.39. Intuitive Surgical’s stock is scheduled to split before the market opens on Thursday, August 31st. The 3-1 split was announced on Friday, August 11th. The newly issued shares will be distributed to shareholders after the closing bell on Wednesday, August 30th.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $5.79 by $0.16. The company had revenue of $756.20 million during the quarter, compared to the consensus estimate of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. Intuitive Surgical’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.62 earnings per share. On average, equities analysts anticipate that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current fiscal year.

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A number of research analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $1,000.00 price target on shares of Intuitive Surgical in a report on Friday, July 21st. Vetr cut Intuitive Surgical from a “buy” rating to a “hold” rating and set a $1,006.51 price target for the company. in a report on Wednesday, August 16th. Goldman Sachs Group, Inc. (The) assumed coverage on Intuitive Surgical in a report on Tuesday, May 16th. They issued a “buy” rating and a $1,000.00 price target for the company. Citigroup Inc. reaffirmed a “buy” rating and issued a $1,078.00 price target (up from $917.00) on shares of Intuitive Surgical in a report on Monday, July 24th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $1,000.00 price target on shares of Intuitive Surgical in a report on Thursday, May 25th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $980.72.

In related news, CEO Gary S. Guthart sold 17,975 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $937.27, for a total value of $16,847,428.25. Following the completion of the transaction, the chief executive officer now owns 101,798 shares of the company’s stock, valued at $95,412,211.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mark J. Meltzer sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $982.90, for a total transaction of $491,450.00. Following the completion of the transaction, the senior vice president now directly owns 2,796 shares of the company’s stock, valued at approximately $2,748,188.40. The disclosure for this sale can be found here. Insiders sold 34,565 shares of company stock valued at $32,150,540 in the last three months. 2.50% of the stock is currently owned by insiders.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.

Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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