Advisory Services Network LLC grew its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 187.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,156 shares of the medical equipment provider’s stock after buying an additional 4,666 shares during the period. Advisory Services Network LLC’s holdings in Intuitive Surgical were worth $2,612,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ISRG. Edgewood Management LLC increased its position in Intuitive Surgical by 200.7% in the third quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock worth $1,010,359,000 after buying an additional 1,934,382 shares in the last quarter. American Century Companies Inc. grew its position in shares of Intuitive Surgical by 162.2% during the fourth quarter. American Century Companies Inc. now owns 1,426,348 shares of the medical equipment provider’s stock worth $520,531,000 after purchasing an additional 882,255 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its position in shares of Intuitive Surgical by 677.9% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 442,160 shares of the medical equipment provider’s stock worth $161,361,000 after purchasing an additional 385,322 shares in the last quarter. Swiss National Bank grew its position in shares of Intuitive Surgical by 158.5% during the fourth quarter. Swiss National Bank now owns 538,646 shares of the medical equipment provider’s stock worth $196,573,000 after purchasing an additional 330,264 shares in the last quarter. Finally, APG Asset Management N.V. grew its position in shares of Intuitive Surgical by 318.4% during the fourth quarter. APG Asset Management N.V. now owns 363,539 shares of the medical equipment provider’s stock worth $110,485,000 after purchasing an additional 276,657 shares in the last quarter. Institutional investors and hedge funds own 36.79% of the company’s stock.

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at $402.00 on Wednesday. The stock has a market capitalization of $45,040.00, a P/E ratio of 70.77, a PEG ratio of 4.63 and a beta of 0.50. Intuitive Surgical, Inc. has a one year low of $236.75 and a one year high of $452.00.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.27. The business had revenue of $892.40 million during the quarter, compared to analyst estimates of $866.54 million. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period last year, the company earned $2.03 EPS. equities analysts predict that Intuitive Surgical, Inc. will post 7.93 EPS for the current year.

In other news, EVP Curet Myriam sold 262 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $431.50, for a total value of $113,053.00. Following the completion of the sale, the executive vice president now directly owns 2,152 shares of the company’s stock, valued at approximately $928,588. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary S. Guthart sold 28,525 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $414.50, for a total value of $11,823,612.50. Following the completion of the sale, the chief executive officer now directly owns 311,469 shares of the company’s stock, valued at $129,103,900.50. The disclosure for this sale can be found here. Insiders sold a total of 85,016 shares of company stock valued at $35,133,026 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

ISRG has been the subject of several research analyst reports. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 target price for the company in a research report on Tuesday, December 12th. ValuEngine cut Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Goldman Sachs Group reiterated a “buy” rating on shares of Intuitive Surgical in a research report on Saturday, November 18th. Barclays reiterated an “overweight” rating on shares of Intuitive Surgical in a research report on Friday, October 20th. Finally, BidaskClub cut Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Intuitive Surgical currently has a consensus rating of “Buy” and an average price target of $408.48.

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About Intuitive Surgical

Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s 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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