M&T Bank Corp increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 199.7% in the 4th quarter, HoldingsChannel reports. The fund owned 26,610 shares of the medical equipment provider’s stock after acquiring an additional 17,730 shares during the period. M&T Bank Corp’s holdings in Intuitive Surgical were worth $9,711,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of Nova Scotia grew its position in Intuitive Surgical by 847.2% during the 2nd quarter. Bank of Nova Scotia now owns 8,316 shares of the medical equipment provider’s stock worth $7,779,000 after purchasing an additional 7,438 shares during the last quarter. Advisory Services Network LLC grew its position in Intuitive Surgical by 0.7% during the 2nd quarter. Advisory Services Network LLC now owns 2,336 shares of the medical equipment provider’s stock worth $2,185,000 after purchasing an additional 17 shares during the last quarter. Cetera Investment Advisers purchased a new stake in Intuitive Surgical during the 2nd quarter worth approximately $756,000. Toronto Dominion Bank grew its position in Intuitive Surgical by 25.8% during the 2nd quarter. Toronto Dominion Bank now owns 12,503 shares of the medical equipment provider’s stock worth $11,693,000 after purchasing an additional 2,568 shares during the last quarter. Finally, WFG Advisors LP grew its position in Intuitive Surgical by 32.7% during the 2nd quarter. WFG Advisors LP now owns 853 shares of the medical equipment provider’s stock worth $798,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Shares of Intuitive Surgical, Inc. (ISRG) opened at $392.91 on Monday. Intuitive Surgical, Inc. has a twelve month low of $233.66 and a twelve month high of $452.00. The stock has a market cap of $44,123.20, a price-to-earnings ratio of 49.99, a P/E/G ratio of 4.63 and a beta of 0.50.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.27. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The firm had revenue of $892.40 million for the quarter, compared to the consensus estimate of $866.54 million. During the same period in the prior year, the firm posted $2.03 earnings per share. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. analysts anticipate that Intuitive Surgical, Inc. will post 7.93 EPS for the current fiscal year.

Several analysts have weighed in on ISRG shares. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $409.00 target price on the stock in a research report on Wednesday, January 3rd. Wells Fargo & Co reaffirmed a “buy” rating on shares of Intuitive Surgical in a report on Monday, October 16th. BidaskClub downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Intuitive Surgical in a report on Saturday, November 18th. Finally, Vetr raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $434.75 price objective on the stock in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $408.48.

In related news, EVP Curet Myriam sold 262 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $431.50, for a total transaction of $113,053.00. Following the sale, the executive vice president now directly owns 2,152 shares of the company’s stock, valued at $928,588. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary S. Guthart sold 7,724 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $414.50, for a total transaction of $3,201,598.00. Following the sale, the chief executive officer now directly owns 275,220 shares in the company, valued at $114,078,690. The disclosure for this sale can be found here. Insiders have sold 85,016 shares of company stock worth $35,133,026 over the last three months. 2.20% of the stock is currently owned by insiders.

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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.

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

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