Lodestar Investment Counsel LLC IL cut its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,172 shares of the medical equipment provider’s stock after selling 15 shares during the period. Lodestar Investment Counsel LLC IL’s holdings in Intuitive Surgical were worth $898,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acropolis Investment Management LLC acquired a new position in shares of Intuitive Surgical during the first quarter worth about $115,000. Bessemer Group Inc. raised its position in shares of Intuitive Surgical by 96.0% in the fourth quarter. Bessemer Group Inc. now owns 196 shares of the medical equipment provider’s stock worth $124,000 after buying an additional 96 shares during the last quarter. Stephens Inc. AR raised its position in shares of Intuitive Surgical by 77.1% in the third quarter. Stephens Inc. AR now owns 255 shares of the medical equipment provider’s stock worth $185,000 after buying an additional 111 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of Intuitive Surgical during the fourth quarter worth about $205,000. Finally, Howard Capital Management acquired a new position in shares of Intuitive Surgical during the third quarter worth about $217,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

Intuitive Surgical, Inc. (NASDAQ:ISRG) traded down 1.16% during mid-day trading on Tuesday, hitting $759.34. 586,874 shares of the company traded hands. Intuitive Surgical, Inc. has a one year low of $610.71 and a one year high of $775.91. The firm has a market capitalization of $29.45 billion, a P/E ratio of 40.54 and a beta of 0.55. The firm has a 50 day moving average of $751.58 and a 200 day moving average of $692.20.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Tuesday, April 18th. The medical equipment provider reported $5.09 EPS for the quarter, topping the consensus estimate of $4.93 by $0.16. The business had revenue of $674.20 million for the quarter, compared to analyst estimates of $664.72 million. Intuitive Surgical had a net margin of 27.21% and a return on equity of 14.24%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.42 earnings per share. Equities research analysts expect that Intuitive Surgical, Inc. will post $23.52 earnings per share for the current fiscal year.

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A number of brokerages have issued reports on ISRG. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $860.00 target price on the stock in a research report on Tuesday. Royal Bank of Canada increased their target price on shares of Intuitive Surgical from $720.00 to $770.00 and gave the stock a “sector perform” rating in a research report on Monday. Canaccord Genuity restated a “buy” rating on shares of Intuitive Surgical in a research report on Wednesday, January 25th. Bank of America Corp set a $800.00 target price on shares of Intuitive Surgical and gave the stock a “buy” rating in a research report on Tuesday, February 14th. Finally, Evercore ISI lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $690.00 target price on the stock. in a research report on Wednesday, January 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $751.97.

In other news, EVP Salvatore Brogna sold 6,628 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $736.80, for a total value of $4,883,510.40. Following the sale, the executive vice president now owns 1,990 shares of the company’s stock, valued at $1,466,232. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Amal M. Johnson sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $750.00, for a total transaction of $750,000.00. Following the completion of the sale, the director now directly owns 3,460 shares in the company, valued at approximately $2,595,000. The disclosure for this sale can be found here. In the last three months, insiders sold 34,118 shares of company stock worth $25,064,571. Insiders own 3.10% 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.

5 Day Chart for NASDAQ:ISRG

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