Pictet Asset Management Ltd. increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 228,166 shares of the medical equipment provider’s stock after buying an additional 4,452 shares during the period. Intuitive Surgical comprises approximately 0.6% of Pictet Asset Management Ltd.’s portfolio, making the stock its 23rd largest position. Pictet Asset Management Ltd.’s holdings in Intuitive Surgical were worth $208,698,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. D. Scott Neal Inc. purchased a new stake in shares of Intuitive Surgical during the second quarter valued at about $120,000. Guardian Life Insurance Co. of America increased its stake 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 period. Parallel Advisors LLC increased its stake 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 period. Huntington National Bank increased its stake 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 period. Finally, Main Street Research LLC purchased a new stake in shares of Intuitive Surgical during the second quarter valued at about $218,000. Institutional investors own 96.84% of the company’s stock.

Shares of Intuitive Surgical, Inc. (ISRG) opened at 931.07 on Monday. The company has a market capitalization of $34.59 billion, a PE ratio of 44.60 and a beta of 0.39. Intuitive Surgical, Inc. has a one year low of $610.71 and a one year high of $974.66. The company has a 50-day moving average of $939.10 and a 200-day moving average of $821.45.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 EPS for the quarter, topping the consensus estimate of $5.79 by $0.16. The business had revenue of $756.20 million during the quarter, compared to the consensus estimate of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. Intuitive Surgical’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.62 EPS. On average, analysts anticipate that Intuitive Surgical, Inc. will post $23.86 earnings per share for the current year.

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Several brokerages have issued reports on ISRG. BidaskClub downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Canaccord Genuity reissued a “hold” rating and set a $1,000.00 target price (up 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 target price (up from $950.00) on shares of Intuitive Surgical in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $1,067.00 target price on the stock in a research note on Tuesday, July 25th. Finally, Citigroup Inc. reissued a “buy” rating and set a $1,078.00 target price (up from $917.00) on shares of Intuitive Surgical in a research note on Monday, July 24th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $980.03.

In other Intuitive Surgical news, EVP Salvatore Brogna sold 1,306 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $915.09, for a total value of $1,195,107.54. Following the completion of the sale, the executive vice president now owns 977 shares of the company’s stock, valued at approximately $894,042.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amal M. Johnson sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $917.27, for a total transaction of $917,270.00. Following the completion of the sale, the director now directly owns 3,787 shares of the company’s stock, valued at approximately $3,473,701.49. The disclosure for this sale can be found here. Insiders have sold a total of 34,065 shares of company stock valued at $31,659,090 in the last ninety days. 2.50% of the stock is currently owned by insiders.

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.

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

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