Toronto Dominion Bank cut its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 12.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,740 shares of the medical equipment provider’s stock after selling 10,785 shares during the period. Toronto Dominion Bank owned about 0.07% of Intuitive Surgical worth $43,729,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ISRG. Neuberger Berman Group LLC grew its holdings in Intuitive Surgical by 1.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 38,732 shares of the medical equipment provider’s stock worth $22,030,000 after acquiring an additional 369 shares during the last quarter. WFA of San Diego LLC bought a new stake in shares of Intuitive Surgical during the second quarter valued at approximately $402,000. Quadrature Capital Ltd acquired a new stake in shares of Intuitive Surgical in the 2nd quarter valued at $4,229,000. Handelsbanken Fonder AB bought a new stake in shares of Intuitive Surgical during the second quarter worth $14,949,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in Intuitive Surgical by 1.9% in the second quarter. Sequoia Financial Advisors LLC now owns 1,043 shares of the medical equipment provider’s stock valued at $594,000 after acquiring an additional 19 shares during the last quarter. 86.94% of the stock is owned by hedge funds and other institutional investors.

In other Intuitive Surgical news, Director Alan J. Levy sold 1,800 shares of the company’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $670.71, for a total value of $1,207,278.00. Also, Director Amy L. Ladd sold 55 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $665.13, for a total transaction of $36,582.15. Following the completion of the sale, the director now owns 128 shares of the company’s stock, valued at approximately $85,136.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,880 shares of company stock valued at $20,504,788. Company insiders own 1.60% of the company’s stock.

A number of research analysts have issued reports on the stock. Deutsche Bank upped their target price on shares of Intuitive Surgical from $500.00 to $600.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. SVB Leerink raised their price objective on shares of Intuitive Surgical from $650.00 to $690.00 and gave the company a “market perform” rating in a research note on Friday, August 14th. Wolfe Research started coverage on shares of Intuitive Surgical in a research report on Friday, September 11th. They set an “outperform” rating and a $789.00 target price for the company. Sanford C. Bernstein raised their price target on Intuitive Surgical from $625.00 to $725.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Intuitive Surgical from $600.00 to $700.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $680.52.

Shares of NASDAQ:ISRG traded down $23.67 during trading on Wednesday, reaching $691.90. The stock had a trading volume of 24,225 shares, compared to its average volume of 789,359. The firm’s fifty day moving average is $701.82 and its 200 day moving average is $580.62. Intuitive Surgical, Inc. has a 52 week low of $360.50 and a 52 week high of $778.83. The stock has a market cap of $83.74 billion, a price-to-earnings ratio of 73.31, a P/E/G ratio of 12.33 and a beta of 0.97.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Tuesday, July 21st. The medical equipment provider reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.52. Intuitive Surgical had a net margin of 26.07% and a return on equity of 13.62%. The firm had revenue of $852.10 million for the quarter, compared to the consensus estimate of $675.15 million. During the same quarter in the prior year, the company posted $3.25 earnings per share. As a group, research analysts predict that Intuitive Surgical, Inc. will post 7.09 earnings per share for the current year.

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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