Merit Financial Group LLC decreased its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 15.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 659 shares of the medical equipment provider’s stock after selling 117 shares during the period. Merit Financial Group LLC’s holdings in Intuitive Surgical were worth $315,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. HC Financial Advisors Inc. bought a new stake in Intuitive Surgical in the 3rd quarter worth $402,000. Martingale Asset Management L P grew its holdings in Intuitive Surgical by 19.4% in the 3rd quarter. Martingale Asset Management L P now owns 14,138 shares of the medical equipment provider’s stock worth $8,116,000 after acquiring an additional 2,300 shares during the last quarter. FIL Ltd bought a new stake in Intuitive Surgical in the 3rd quarter worth $11,054,000. Rafferty Asset Management LLC grew its holdings in Intuitive Surgical by 2.8% in the 3rd quarter. Rafferty Asset Management LLC now owns 3,571 shares of the medical equipment provider’s stock worth $2,050,000 after acquiring an additional 96 shares during the last quarter. Finally, Korea Investment CORP grew its holdings in Intuitive Surgical by 12.0% in the 3rd quarter. Korea Investment CORP now owns 173,195 shares of the medical equipment provider’s stock worth $99,414,000 after acquiring an additional 18,536 shares during the last quarter. 84.90% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on ISRG shares. BidaskClub raised shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 23rd. Zacks Investment Research cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Thursday, November 29th. Citigroup dropped their target price on shares of Intuitive Surgical from $601.00 to $560.00 and set a “buy” rating for the company in a research report on Wednesday, January 2nd. UBS Group started coverage on shares of Intuitive Surgical in a research report on Tuesday, November 27th. They issued a “neutral” rating and a $540.00 target price for the company. Finally, ValuEngine raised shares of Intuitive Surgical from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Intuitive Surgical currently has a consensus rating of “Buy” and an average target price of $566.40.

NASDAQ:ISRG traded up $1.98 on Monday, reaching $563.24. 9,131 shares of the stock traded hands, compared to its average volume of 593,842. The firm has a market cap of $64.47 billion, a P/E ratio of 59.22, a P/E/G ratio of 4.34 and a beta of 1.10. Intuitive Surgical, Inc. has a 12 month low of $393.57 and a 12 month high of $581.12.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, January 24th. The medical equipment provider reported $2.96 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.11). The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Intuitive Surgical had a net margin of 30.29% and a return on equity of 18.11%. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.54 earnings per share. Sell-side analysts anticipate that Intuitive Surgical, Inc. will post 10.07 EPS for the current fiscal year.

In other Intuitive Surgical news, VP Marshall Mohr sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $525.00, for a total transaction of $3,937,500.00. Following the completion of the sale, the vice president now directly owns 17,059 shares in the company, valued at approximately $8,955,975. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary S. Guthart sold 28,152 shares of the firm’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $520.47, for a total transaction of $14,652,271.44. Following the sale, the chief executive officer now owns 379,452 shares of the company’s stock, valued at $197,493,382.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,284 shares of company stock valued at $22,205,382. 1.70% of the stock is owned by company insiders.

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Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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

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