Intuitive Surgical, Inc. (ISRG) Stake Cut by Private Bank & Trust Co.

Private Bank & Trust Co. cut its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 411 shares of the medical equipment provider’s stock after selling 2 shares during the period. Private Bank & Trust Co.’s holdings in Intuitive Surgical were worth $384,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Intuitive Surgical by 2,770.9% in the first quarter. BlackRock Inc. now owns 2,846,621 shares of the medical equipment provider’s stock valued at $2,181,851,000 after buying an additional 2,747,465 shares during the period. Vanguard Group Inc. increased its position in shares of Intuitive Surgical by 1.2% in the first quarter. Vanguard Group Inc. now owns 2,503,817 shares of the medical equipment provider’s stock valued at $1,919,101,000 after buying an additional 30,306 shares during the period. FMR LLC increased its position in shares of Intuitive Surgical by 3.4% in the first quarter. FMR LLC now owns 2,277,567 shares of the medical equipment provider’s stock valued at $1,745,686,000 after buying an additional 75,894 shares during the period. Edgewood Management LLC increased its position in shares of Intuitive Surgical by 38.8% in the first quarter. Edgewood Management LLC now owns 919,617 shares of the medical equipment provider’s stock valued at $704,859,000 after buying an additional 257,165 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Intuitive Surgical by 6.0% in the first quarter. American Century Companies Inc. now owns 551,992 shares of the medical equipment provider’s stock valued at $423,085,000 after buying an additional 31,132 shares during the period. 96.08% of the stock is owned by institutional investors.

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) traded up 1.15% on Friday, hitting $984.31. The company had a trading volume of 385,160 shares. Intuitive Surgical, Inc. has a 12-month low of $610.71 and a 12-month high of $993.00. The company has a market capitalization of $36.57 billion, a P/E ratio of 47.15 and a beta of 0.39. The firm has a 50-day moving average price of $946.69 and a 200 day moving average price of $844.19. Shares of Intuitive Surgical are scheduled to split on the morning of Thursday, August 31st. The 3-1 split was announced on Friday, August 11th. The newly minted shares will be distributed to shareholders after the closing bell on Wednesday, August 30th.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.79 by $0.16. The business had revenue of $756.20 million for the quarter, compared to analysts’ expectations of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm posted $5.62 EPS. Equities analysts expect that Intuitive Surgical, Inc. will post $23.92 EPS for the current year.

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Several equities research analysts have commented on ISRG shares. Jefferies Group LLC restated a “buy” rating and set a $675.00 price objective on shares of Intuitive Surgical in a report on Tuesday, April 25th. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $911.00 target price on the stock in a report on Monday, April 24th. Citigroup Inc. reiterated a “buy” rating and issued a $917.00 target price (up previously from $820.00) on shares of Intuitive Surgical in a report on Saturday, April 22nd. Goldman Sachs Group, Inc. (The) began coverage on Intuitive Surgical in a report on Tuesday, May 16th. They issued a “buy” rating and a $1,000.00 target price on the stock. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $1,000.00 target price on shares of Intuitive Surgical in a report on Thursday, June 1st. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $980.61.

In other Intuitive Surgical news, CEO Gary S. Guthart sold 17,975 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $937.27, for a total transaction of $16,847,428.25. Following the completion of the sale, the chief executive officer now directly owns 101,798 shares in the company, valued at approximately $95,412,211.46. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Amal M. Johnson sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $917.27, for a total transaction of $917,270.00. Following the sale, the director now owns 3,787 shares of the company’s stock, valued at $3,473,701.49. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,065 shares of company stock worth $31,659,090. Insiders own 2.50% of the company’s stock.

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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