Victory Capital Management Inc. increased its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 78,295 shares of the medical equipment provider’s stock after purchasing an additional 430 shares during the period. Victory Capital Management Inc.’s holdings in Intuitive Surgical were worth $44,942,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ISRG. Fisher Asset Management LLC increased its position in Intuitive Surgical by 54.3% during the second quarter. Fisher Asset Management LLC now owns 907 shares of the medical equipment provider’s stock valued at $434,000 after acquiring an additional 319 shares during the last quarter. Trust Co. of Vermont increased its position in Intuitive Surgical by 11.6% during the second quarter. Trust Co. of Vermont now owns 1,543 shares of the medical equipment provider’s stock valued at $738,000 after acquiring an additional 160 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in Intuitive Surgical by 2.8% during the second quarter. Xact Kapitalforvaltning AB now owns 22,461 shares of the medical equipment provider’s stock valued at $10,747,000 after acquiring an additional 604 shares during the last quarter. Raymond James Trust N.A. bought a new position in Intuitive Surgical during the second quarter valued at $213,000. Finally, First Citizens Bank & Trust Co. increased its position in Intuitive Surgical by 11.4% during the second quarter. First Citizens Bank & Trust Co. now owns 1,923 shares of the medical equipment provider’s stock valued at $920,000 after acquiring an additional 197 shares during the last quarter. 84.16% of the stock is owned by institutional investors and hedge funds.

NASDAQ ISRG opened at $532.56 on Friday. Intuitive Surgical, Inc. has a 12 month low of $359.75 and a 12 month high of $581.12. The stock has a market capitalization of $62.32 billion, a PE ratio of 74.07, a P/E/G ratio of 3.66 and a beta of 1.02.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.66 by $0.17. Intuitive Surgical had a net margin of 22.31% and a return on equity of 18.79%. The company had revenue of $920.90 million for the quarter, compared to analysts’ expectations of $916.22 million. During the same period in the prior year, the business earned $2.77 EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. On average, research analysts predict that Intuitive Surgical, Inc. will post 9.52 EPS for the current year.

In other Intuitive Surgical news, VP Jamie Samath sold 864 shares of the stock in a transaction dated Tuesday, October 23rd. The shares were sold at an average price of $499.21, for a total transaction of $431,317.44. Following the transaction, the vice president now directly owns 257 shares in the company, valued at approximately $128,296.97. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark J. Rubash sold 150 shares of the stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $543.66, for a total transaction of $81,549.00. Following the transaction, the director now owns 4,116 shares in the company, valued at $2,237,704.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,311 shares of company stock worth $24,144,846. 2.20% of the stock is owned by company insiders.

A number of research analysts have recently commented on ISRG shares. BidaskClub cut shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. Citigroup upped their price target on shares of Intuitive Surgical from $561.00 to $592.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Stifel Nicolaus upped their price target on shares of Intuitive Surgical from $515.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, July 20th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $575.00 price target on shares of Intuitive Surgical in a report on Friday, July 20th. Finally, Royal Bank of Canada set a $550.00 price target on shares of Intuitive Surgical and gave the stock a “hold” rating in a report on Friday, July 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the company. Intuitive Surgical currently has a consensus rating of “Buy” and an average price target of $554.64.

COPYRIGHT VIOLATION WARNING: This report was reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.dailypolitical.com/2018/11/10/intuitive-surgical-inc-isrg-shares-bought-by-victory-capital-management-inc.html.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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.

Read More: What does the Dow Jones Industrial Average (DJIA) measure?

Want to see what other hedge funds are holding ISRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuitive Surgical, Inc. (NASDAQ:ISRG).

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

Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.com's FREE daily email newsletter.