Rothschild Asset Management Inc. reduced its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 15.6% during the second quarter, Holdings Channel reports. The fund owned 590 shares of the medical equipment provider’s stock after selling 109 shares during the period. Rothschild Asset Management Inc.’s holdings in Intuitive Surgical were worth $552,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alpha Cubed Investments LLC increased its position in Intuitive Surgical by 16.6% in the second quarter. Alpha Cubed Investments LLC now owns 547 shares of the medical equipment provider’s stock worth $512,000 after buying an additional 78 shares during the last quarter. IBM Retirement Fund increased its position in Intuitive Surgical by 113.1% in the second quarter. IBM Retirement Fund now owns 897 shares of the medical equipment provider’s stock worth $938,000 after buying an additional 476 shares in the last quarter. Shell Asset Management Co. increased its position in Intuitive Surgical by 25.9% in the second quarter. Shell Asset Management Co. now owns 8,996 shares of the medical equipment provider’s stock worth $8,415,000 after buying an additional 1,851 shares in the last quarter. Parkwood LLC increased its position in Intuitive Surgical by 48.1% in the second quarter. Parkwood LLC now owns 742 shares of the medical equipment provider’s stock worth $694,000 after buying an additional 241 shares in the last quarter. Finally, Appropriate Balance Financial Services Inc. increased its position in Intuitive Surgical by 19.8% in the second quarter. Appropriate Balance Financial Services Inc. now owns 665 shares of the medical equipment provider’s stock worth $712,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 96.84% of the company’s stock.

Intuitive Surgical, Inc. (NASDAQ ISRG) opened at 942.25 on Friday. The firm’s 50-day moving average price is $941.15 and its 200 day moving average price is $833.76. The stock has a market cap of $35.00 billion, a P/E ratio of 45.13 and a beta of 0.39. Intuitive Surgical, Inc. has a 52-week low of $610.71 and a 52-week high of $974.66.

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

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A number of research firms recently issued reports on ISRG. BidaskClub downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Canaccord Genuity restated a “hold” rating and set a $1,000.00 price target (up previously from $870.00) on shares of Intuitive Surgical in a research note on Wednesday, July 26th. Morgan Stanley restated an “overweight” rating and set a $1,070.00 price target (up previously from $950.00) on shares of Intuitive Surgical in a research note on Tuesday, July 25th. Zacks Investment Research upgraded 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. reiterated a “buy” rating and issued a $1,078.00 target price (up from $917.00) on shares of Intuitive Surgical in a research note on Monday, July 24th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $980.03.

In other news, VP Jamie Samath sold 242 shares of the 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 in the company, valued at approximately $21,827.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary S. Guthart sold 17,975 shares of the 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 sale, the chief executive officer now owns 101,798 shares of the company’s stock, valued at approximately $95,412,211.46. 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 quarter. 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.

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

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