Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by Banco Santander S.A.

Banco Santander S.A. reduced its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) by 74.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,987 shares of the medical equipment provider’s stock after selling 106,390 shares during the period. Banco Santander S.A.’s holdings in Intuitive Surgical were worth $11,159,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. ICICI Prudential Asset Management Co Ltd boosted its stake in shares of Intuitive Surgical by 16.7% in the first quarter. ICICI Prudential Asset Management Co Ltd now owns 1,028 shares of the medical equipment provider’s stock worth $313,000 after acquiring an additional 147 shares during the last quarter. Lincoln National Corp boosted its stake in shares of Intuitive Surgical by 2.9% in the first quarter. Lincoln National Corp now owns 4,221 shares of the medical equipment provider’s stock worth $1,273,000 after acquiring an additional 118 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Intuitive Surgical by 1.3% in the first quarter. Brown Advisory Inc. now owns 3,198,416 shares of the medical equipment provider’s stock worth $993,260,000 after acquiring an additional 41,397 shares during the last quarter. Pine Haven Investment Counsel Inc boosted its stake in shares of Intuitive Surgical by 6.1% in the first quarter. Pine Haven Investment Counsel Inc now owns 1,650 shares of the medical equipment provider’s stock worth $498,000 after acquiring an additional 95 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Intuitive Surgical by 13.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 339,252 shares of the medical equipment provider’s stock worth $102,346,000 after acquiring an additional 40,321 shares during the last quarter. 83.69% of the stock is owned by institutional investors and hedge funds.

Intuitive Surgical Trading Down 0.9 %

ISRG stock opened at $240.32 on Friday. The company has a market capitalization of $85.82 billion, a PE ratio of 61.15, a P/E/G ratio of 6.56 and a beta of 1.29. Intuitive Surgical, Inc. has a 12-month low of $186.83 and a 12-month high of $369.69. The business’s fifty day moving average price is $212.55 and its 200 day moving average price is $249.86.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The medical equipment provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.13. Intuitive Surgical had a return on equity of 12.04% and a net margin of 24.05%. During the same period in the prior year, the firm posted $1.42 EPS. Research analysts predict that Intuitive Surgical, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity at Intuitive Surgical

In related news, CEO Gary S. Guthart sold 79,412 shares of the business’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $216.30, for a total value of $17,176,815.60. Following the sale, the chief executive officer now owns 54,607 shares in the company, valued at approximately $11,811,494.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Intuitive Surgical news, Director Amal M. Johnson sold 6,375 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $238.04, for a total transaction of $1,517,505.00. Following the sale, the director now owns 11,224 shares in the company, valued at approximately $2,671,760.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gary S. Guthart sold 79,412 shares of the company’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $216.30, for a total value of $17,176,815.60. Following the sale, the chief executive officer now owns 54,607 shares in the company, valued at approximately $11,811,494.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,787 shares of company stock worth $20,719,321. 0.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on ISRG shares. The Goldman Sachs Group lowered their price target on Intuitive Surgical from $319.00 to $273.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Citigroup lowered their price objective on Intuitive Surgical from $360.00 to $305.00 in a research note on Tuesday, May 17th. TheStreet lowered Intuitive Surgical from a “b-” rating to a “c+” rating in a research note on Thursday, May 19th. BTIG Research lowered their price objective on Intuitive Surgical from $355.00 to $247.00 and set a “buy” rating on the stock in a research note on Monday, July 18th. Finally, Stifel Nicolaus lowered their price objective on Intuitive Surgical from $325.00 to $270.00 in a research note on Monday, July 18th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $273.23.

Intuitive Surgical Profile

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Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System to enable complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.

See Also

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

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