First Quadrant L P CA Continues to Hold Position in Intuitive Surgical, Inc. (ISRG)

First Quadrant L P CA continued to hold its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,200 shares of the medical equipment provider’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in Intuitive Surgical were worth $2,993,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ISRG. D. Scott Neal Inc. acquired a new stake in shares of Intuitive Surgical during the second quarter valued at $120,000. Guardian Life Insurance Co. of America boosted its position in shares of 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 valued at $109,000 after buying an additional 3 shares during the last quarter. Acropolis Investment Management LLC bought a new position in shares of Intuitive Surgical during the first quarter valued at approximately $115,000. Parallel Advisors LLC boosted its position in shares of Intuitive Surgical by 10.1% in the first quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock valued at $129,000 after buying an additional 14 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of Intuitive Surgical by 14.1% in the first quarter. Huntington National Bank now owns 170 shares of the medical equipment provider’s stock valued at $130,000 after buying an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 96.08% of the company’s stock.

Intuitive Surgical, Inc. (NASDAQ ISRG) traded up 1.15% during trading on Friday, reaching $984.31. 385,160 shares of the company’s stock traded hands. Intuitive Surgical, Inc. has a 12 month low of $610.71 and a 12 month high of $993.00. The company has a market cap of $36.57 billion, a P/E ratio of 47.15 and a beta of 0.39. The firm’s 50 day moving average is $946.69 and its 200 day moving average is $844.19. Intuitive Surgical’s stock is set to split on Thursday, August 31st. The 3-1 split was announced on Friday, August 11th. The newly minted shares will be payable 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.79 by $0.16. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The company had revenue of $756.20 million during the quarter, compared to the consensus estimate of $724.51 million. During the same quarter in the prior year, the firm earned $5.62 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. Analysts anticipate that Intuitive Surgical, Inc. will post $23.92 EPS for the current year.

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ISRG has been the topic of several research analyst reports. BTIG Research reaffirmed a “hold” rating on shares of Intuitive Surgical in a research report on Thursday, April 20th. Zacks Investment Research cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Thursday, April 20th. Citigroup Inc. reaffirmed a “buy” rating and set a $917.00 price target (up previously from $820.00) on shares of Intuitive Surgical in a research report on Saturday, April 22nd. Leerink Swann reissued an “outperform” rating and issued a $850.00 target price (up previously from $840.00) on shares of Intuitive Surgical in a report on Saturday, April 22nd. Finally, Wedbush raised their target price on shares of Intuitive Surgical from $835.00 to $875.00 and gave the stock an “outperform” rating in a report on Monday, April 24th. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $980.61.

In other Intuitive Surgical news, Director Amal M. Johnson sold 1,000 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $917.27, for a total value of $917,270.00. Following the completion of the sale, the director now owns 3,787 shares in the company, valued at $3,473,701.49. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jamie Samath sold 242 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $949.01, for a total transaction of $229,660.42. Following the completion of the sale, the vice president now owns 23 shares of the company’s stock, valued at approximately $21,827.23. The disclosure for this sale can be found here. Insiders have sold 34,065 shares of company stock valued at $31,659,090 in the last three months. 2.50% of the stock is owned by insiders.

About Intuitive Surgical

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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