Sumitomo Mitsui Asset Management Company LTD Has $2.91 Million Position in Intuitive Surgical, Inc. (ISRG)

Sumitomo Mitsui Asset Management Company LTD cut its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,109 shares of the medical equipment provider’s stock after selling 115 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Intuitive Surgical were worth $2,908,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Guardian Life Insurance Co. of America increased 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 worth $109,000 after buying an additional 3 shares in the last quarter. Greenleaf Trust increased its position in shares of Intuitive Surgical by 0.8% in the first quarter. Greenleaf Trust now owns 477 shares of the medical equipment provider’s stock worth $366,000 after buying an additional 4 shares in the last quarter. Dynamic Advisors Solutions LLC increased its position in shares of Intuitive Surgical by 0.6% in the first quarter. Dynamic Advisors Solutions LLC now owns 905 shares of the medical equipment provider’s stock worth $694,000 after buying an additional 5 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of Intuitive Surgical by 1.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 280 shares of the medical equipment provider’s stock worth $215,000 after buying an additional 5 shares in the last quarter. Finally, Miles Capital Inc. increased its position in shares of Intuitive Surgical by 1.3% in the first quarter. Miles Capital Inc. now owns 566 shares of the medical equipment provider’s stock worth $434,000 after buying an additional 7 shares in the last quarter. Institutional investors and hedge funds own 96.08% of the company’s stock.

Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) opened at 984.31 on Friday. The stock’s 50 day moving average is $946.69 and its 200-day moving average is $844.19. Intuitive Surgical, Inc. has a 1-year low of $610.71 and a 1-year high of $993.00. The stock has a market cap of $36.57 billion, a price-to-earnings ratio of 47.15 and a beta of 0.39. Shares of Intuitive Surgical are going to split before the market opens on Thursday, August 31st. The 3-1 split was announced on Friday, August 11th. The newly created shares will be payable to shareholders after the closing bell on Wednesday, August 30th.

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

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A number of brokerages have recently issued reports on ISRG. Royal Bank Of Canada reiterated a “hold” rating and issued a $1,000.00 price target on shares of Intuitive Surgical in a report on Friday, July 21st. Vetr cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $1,006.51 price objective on the stock. in a research note on Wednesday. BidaskClub raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Friday. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Intuitive Surgical in a research note on Tuesday, May 16th. They issued a “buy” rating and a $1,000.00 price objective on the stock. Finally, Citigroup Inc. reissued a “buy” rating and issued a $1,078.00 price objective (up from $917.00) on shares of Intuitive Surgical in a research note on Monday, July 24th. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $980.61.

In other news, CEO Gary S. Guthart sold 17,975 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $937.27, for a total transaction of $16,847,428.25. Following the completion of the transaction, the chief executive officer now directly owns 101,798 shares in the company, valued at $95,412,211.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Amal M. Johnson sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $917.27, for a total value of $917,270.00. Following the transaction, 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 90 days, insiders sold 34,065 shares of company stock valued at $31,659,090. Corporate insiders own 2.50% of the company’s stock.

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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