Rothschild Investment Corp IL Has $926,000 Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Rothschild Investment Corp IL reduced its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 40.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 990 shares of the medical equipment provider’s stock after selling 670 shares during the period. Rothschild Investment Corp IL’s holdings in Intuitive Surgical were worth $926,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ISRG. State Treasurer State of Michigan raised its stake in Intuitive Surgical by 0.8% in the second quarter. State Treasurer State of Michigan now owns 12,156 shares of the medical equipment provider’s stock valued at $11,370,000 after buying an additional 100 shares in the last quarter. Peregrine Capital Management LLC raised its stake in Intuitive Surgical by 6.9% in the second quarter. Peregrine Capital Management LLC now owns 15,615 shares of the medical equipment provider’s stock valued at $14,606,000 after buying an additional 1,012 shares in the last quarter. Bedrijfstakpensioenfonds Voor DE Media PNO raised its stake in Intuitive Surgical by 9.1% in the second quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 12,000 shares of the medical equipment provider’s stock valued at $11,224,000 after buying an additional 1,000 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Intuitive Surgical by 196.6% in the second quarter. Assenagon Asset Management S.A. now owns 4,938 shares of the medical equipment provider’s stock valued at $4,619,000 after buying an additional 3,273 shares in the last quarter. Finally, Aperio Group LLC raised its stake in Intuitive Surgical by 12.1% in the second quarter. Aperio Group LLC now owns 20,962 shares of the medical equipment provider’s stock valued at $19,607,000 after buying an additional 2,266 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) traded up 1.15% during trading on Friday, hitting $984.31. 385,160 shares of the stock were exchanged. The stock’s 50 day moving average is $946.69 and its 200-day moving average is $844.19. Intuitive Surgical, Inc. has a 12-month low of $610.71 and a 12-month 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 scheduled to split before the market opens on Thursday, August 31st. The 3-1 split was announced on Friday, August 11th. The newly minted shares will be distributed to shareholders after the market closes 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.79 by $0.16. The firm had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned $5.62 earnings per share. Equities research analysts anticipate that Intuitive Surgical, Inc. will post $23.92 EPS for the current year.

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Several brokerages recently issued reports on ISRG. BidaskClub raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Friday. Vetr raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $1,020.34 price objective on the stock in a research note on Thursday. Canaccord Genuity reissued a “hold” rating and set a $1,000.00 price objective (up previously from $870.00) on shares of Intuitive Surgical in a research note on Wednesday, July 26th. Morgan Stanley reissued an “overweight” rating and set a $1,070.00 price objective (up previously from $950.00) on shares of Intuitive Surgical in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $1,067.00 price objective on the stock in a research note on Tuesday, July 25th. Five 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 stock. Intuitive Surgical has a consensus rating of “Buy” and an average price target of $980.61.

In other 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 value 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 $95,412,211.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jamie Samath sold 242 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was 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 $21,827.23. The disclosure for this sale can be found here. Insiders sold 34,065 shares of company stock valued at $31,659,090 over the last quarter. 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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