American International Group Inc. increased its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 6.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,978 shares of the medical equipment provider’s stock after acquiring an additional 2,519 shares during the quarter. American International Group Inc.’s holdings in Intuitive Surgical were worth $25,243,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ISRG. CENTRAL TRUST Co increased its stake in Intuitive Surgical by 26.4% during the 3rd quarter. CENTRAL TRUST Co now owns 460 shares of the medical equipment provider’s stock valued at $264,000 after purchasing an additional 96 shares in the last quarter. Wedbush Securities Inc. increased its stake in Intuitive Surgical by 1.4% during the 2nd quarter. Wedbush Securities Inc. now owns 7,086 shares of the medical equipment provider’s stock valued at $3,391,000 after purchasing an additional 98 shares in the last quarter. Securian Asset Management Inc increased its stake in Intuitive Surgical by 0.9% during the 2nd quarter. Securian Asset Management Inc now owns 11,795 shares of the medical equipment provider’s stock valued at $5,644,000 after purchasing an additional 100 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in Intuitive Surgical by 6.8% during the 3rd quarter. Wetherby Asset Management Inc. now owns 1,623 shares of the medical equipment provider’s stock valued at $931,000 after purchasing an additional 103 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in Intuitive Surgical by 17.6% during the 3rd quarter. Park Avenue Securities LLC now owns 735 shares of the medical equipment provider’s stock valued at $422,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 83.68% of the company’s stock.

NASDAQ ISRG opened at $491.62 on Thursday. Intuitive Surgical, Inc. has a 1 year low of $359.75 and a 1 year high of $581.12. The firm has a market capitalization of $55.12 billion, a PE ratio of 68.38, a PEG ratio of 3.24 and a beta of 1.02.

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

A number of analysts have commented on the stock. Zacks Investment Research lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub lowered shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 31st. Citigroup boosted their price target on shares of Intuitive Surgical from $561.00 to $592.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Piper Jaffray Companies upped their target price on shares of Intuitive Surgical to $613.00 and gave the stock an “overweight” rating in a research note on Friday, October 19th. Finally, Raymond James upped their target price on shares of Intuitive Surgical from $620.00 to $630.00 and gave the stock an “outperform” rating in a research note on Friday, October 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $553.69.

In related news, EVP David J. Rosa sold 32,500 shares of the business’s stock in a transaction dated Tuesday, October 23rd. The shares were sold at an average price of $500.86, for a total value of $16,277,950.00. Following the transaction, the executive vice president now directly owns 44,208 shares of the company’s stock, valued at approximately $22,142,018.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark J. Rubash sold 150 shares of the business’s 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 completion of the transaction, the director now directly owns 4,116 shares in the company, valued at $2,237,704.56. The disclosure for this sale can be found here. Insiders sold a total of 47,311 shares of company stock worth $24,144,846 over the last three months. 2.20% of the stock is owned by insiders.

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Intuitive Surgical 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.

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

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