Redmond Asset Management LLC trimmed its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,480 shares of the medical equipment provider’s stock after selling 40 shares during the period. Redmond Asset Management LLC’s holdings in Intuitive Surgical were worth $1,301,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ISRG. Thoroughbred Financial Services LLC grew its stake in Intuitive Surgical by 101,543.0% in the second quarter. Thoroughbred Financial Services LLC now owns 864,982 shares of the medical equipment provider’s stock worth $86,498,000 after purchasing an additional 864,131 shares during the period. Jennison Associates LLC grew its stake in shares of Intuitive Surgical by 37.4% in the first quarter. Jennison Associates LLC now owns 2,679,394 shares of the medical equipment provider’s stock worth $1,528,809,000 after acquiring an additional 729,710 shares during the last quarter. FMR LLC grew its stake in shares of Intuitive Surgical by 7.3% in the first quarter. FMR LLC now owns 6,807,862 shares of the medical equipment provider’s stock worth $3,884,429,000 after acquiring an additional 462,957 shares during the last quarter. GQG Partners LLC grew its stake in shares of Intuitive Surgical by 171.0% in the first quarter. GQG Partners LLC now owns 278,946 shares of the medical equipment provider’s stock worth $158,704,000 after acquiring an additional 176,007 shares during the last quarter. Finally, GWM Advisors LLC grew its stake in shares of Intuitive Surgical by 22,531.8% in the first quarter. GWM Advisors LLC now owns 148,691 shares of the medical equipment provider’s stock worth $4,780,000 after acquiring an additional 148,034 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors.

In other Intuitive Surgical news, VP Jamie Samath sold 130 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $500.60, for a total value of $65,078.00. Following the transaction, the vice president now owns 219 shares of the company’s stock, valued at $109,631.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Reiter Kara Andersen sold 4,120 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $540.00, for a total value of $2,224,800.00. Following the completion of the transaction, the senior vice president now directly owns 7,838 shares in the company, valued at approximately $4,232,520. The disclosure for this sale can be found here. In the last three months, insiders sold 25,655 shares of company stock worth $13,552,920. 1.70% of the stock is owned by corporate insiders.

Shares of Intuitive Surgical stock traded up $0.52 during trading on Thursday, hitting $500.98. 13,228 shares of the company’s stock traded hands, compared to its average volume of 640,121. Intuitive Surgical, Inc. has a 1 year low of $430.24 and a 1 year high of $589.32. The stock has a market cap of $58.77 billion, a PE ratio of 52.56, a P/E/G ratio of 3.79 and a beta of 1.12. The stock has a 50-day simple moving average of $524.60.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, July 18th. The medical equipment provider reported $3.25 EPS for the quarter, beating the consensus estimate of $2.23 by $1.02. Intuitive Surgical had a return on equity of 17.35% and a net margin of 29.95%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm posted $2.76 earnings per share. Intuitive Surgical’s revenue was up 20.9% compared to the same quarter last year. Analysts forecast that Intuitive Surgical, Inc. will post 10.15 earnings per share for the current fiscal year.

A number of research firms have recently commented on ISRG. ValuEngine cut Intuitive Surgical from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. Citigroup cut their target price on Intuitive Surgical from $611.00 to $575.00 and set a “buy” rating on the stock in a research note on Tuesday, May 14th. Raymond James cut their target price on Intuitive Surgical from $630.00 to $610.00 and set an “outperform” rating on the stock in a research note on Monday, April 22nd. Cantor Fitzgerald set a $620.00 target price on Intuitive Surgical and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, UBS Group set a $560.00 target price on Intuitive Surgical and gave the stock a “hold” rating in a research note on Friday, July 19th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. Intuitive Surgical has a consensus rating of “Hold” and a consensus target price of $579.92.

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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