Berman Capital Advisors LLC raised its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 59.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137 shares of the medical equipment provider’s stock after buying an additional 51 shares during the period. Berman Capital Advisors LLC’s holdings in Intuitive Surgical were worth $78,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Bronfman E.L. Rothschild L.P. lifted its position in shares of Intuitive Surgical by 1.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,239 shares of the medical equipment provider’s stock worth $593,000 after purchasing an additional 21 shares during the last quarter. Destination Wealth Management lifted its position in shares of Intuitive Surgical by 14.0% during the 1st quarter. Destination Wealth Management now owns 171 shares of the medical equipment provider’s stock worth $98,000 after purchasing an additional 21 shares during the last quarter. Shine Investment Advisory Services Inc. lifted its position in shares of Intuitive Surgical by 14.6% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 180 shares of the medical equipment provider’s stock worth $103,000 after purchasing an additional 23 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Intuitive Surgical by 3.7% during the 4th quarter. Cerity Partners LLC now owns 673 shares of the medical equipment provider’s stock worth $322,000 after purchasing an additional 24 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its position in shares of Intuitive Surgical by 0.4% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 6,025 shares of the medical equipment provider’s stock worth $2,885,000 after purchasing an additional 25 shares during the last quarter. 85.35% of the stock is owned by institutional investors.

Shares of NASDAQ:ISRG opened at $473.78 on Friday. Intuitive Surgical, Inc. has a 12 month low of $430.24 and a 12 month high of $589.32. The firm has a market cap of $54.93 billion, a P/E ratio of 49.92, a P/E/G ratio of 4.22 and a beta of 1.02.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, April 18th. The medical equipment provider reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). The business had revenue of $974.00 million during the quarter, compared to analyst estimates of $975.27 million. Intuitive Surgical had a net margin of 29.78% and a return on equity of 17.33%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.44 earnings per share. Analysts predict that Intuitive Surgical, Inc. will post 9.4 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on ISRG shares. Raymond James lifted their price objective on shares of Intuitive Surgical from $600.00 to $630.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. BidaskClub upgraded shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 23rd. Deutsche Bank started coverage on shares of Intuitive Surgical in a research note on Monday, April 1st. They set a “buy” rating and a $630.00 price target on the stock. Stifel Nicolaus cut their price target on shares of Intuitive Surgical from $600.00 to $570.00 and set a “buy” rating on the stock in a research note on Friday, January 25th. Finally, Royal Bank of Canada set a $560.00 price target on shares of Intuitive Surgical and gave the stock a “hold” rating in a research note on Thursday, February 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $576.82.

In other Intuitive Surgical news, COO Salvatore Brogna sold 2,090 shares of Intuitive Surgical stock in a transaction on Friday, March 1st. The shares were sold at an average price of $551.79, for a total value of $1,153,241.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jamie Samath sold 260 shares of Intuitive Surgical stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $500.00, for a total transaction of $130,000.00. Following the completion of the transaction, the vice president now owns 278 shares in the company, valued at $139,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,619 shares of company stock worth $14,444,692. 1.70% of the stock is currently owned by company 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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