Biondo Investment Advisors LLC trimmed its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 6.0% in the 4th quarter, HoldingsChannel reports. The fund owned 82,876 shares of the medical equipment provider’s stock after selling 5,318 shares during the period. Intuitive Surgical comprises 7.6% of Biondo Investment Advisors LLC’s holdings, making the stock its 2nd biggest position. Biondo Investment Advisors LLC’s holdings in Intuitive Surgical were worth $30,245,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Chilton Investment Co. LLC grew its stake in shares of Intuitive Surgical by 200.0% in the 4th quarter. Chilton Investment Co. LLC now owns 1,500 shares of the medical equipment provider’s stock worth $547,000 after buying an additional 1,000 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Intuitive Surgical by 60.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,464 shares of the medical equipment provider’s stock worth $1,264,000 after buying an additional 1,300 shares in the last quarter. Bedel Financial Consulting Inc. purchased a new position in shares of Intuitive Surgical in the 4th quarter worth $671,000. California Public Employees Retirement System grew its stake in shares of Intuitive Surgical by 233.3% in the 4th quarter. California Public Employees Retirement System now owns 306,131 shares of the medical equipment provider’s stock worth $111,719,000 after buying an additional 214,284 shares in the last quarter. Finally, M&T Bank Corp grew its stake in shares of Intuitive Surgical by 199.7% in the 4th quarter. M&T Bank Corp now owns 26,610 shares of the medical equipment provider’s stock worth $9,711,000 after buying an additional 17,730 shares in the last quarter. 34.82% of the stock is owned by institutional investors.

In related news, VP Jamie Samath sold 959 shares of Intuitive Surgical stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $398.46, for a total transaction of $382,123.14. Following the completion of the sale, the vice president now owns 536 shares in the company, valued at approximately $213,574.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Curet Myriam sold 262 shares of Intuitive Surgical stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $431.50, for a total transaction of $113,053.00. Following the sale, the executive vice president now owns 2,152 shares of the company’s stock, valued at approximately $928,588. The disclosure for this sale can be found here. Insiders have sold a total of 77,292 shares of company stock valued at $31,931,428 in the last quarter. 2.20% of the stock is currently owned by company insiders.

A number of brokerages have commented on ISRG. Vetr raised shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating and set a $443.17 price objective for the company in a research note on Thursday. Citigroup dropped their price objective on shares of Intuitive Surgical to $507.00 and set a “buy” rating for the company in a research note on Tuesday. Morgan Stanley lifted their price objective on shares of Intuitive Surgical from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Zacks Investment Research lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada raised their target price on shares of Intuitive Surgical to $430.00 and gave the stock a “sector perform” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $408.48.

Shares of Intuitive Surgical, Inc. (ISRG) opened at $381.87 on Friday. The stock has a market cap of $42,790.00, a PE ratio of 67.23, a PEG ratio of 4.81 and a beta of 0.50. Intuitive Surgical, Inc. has a twelve month low of $233.41 and a twelve month high of $452.00.

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

ILLEGAL ACTIVITY NOTICE: “Biondo Investment Advisors LLC Cuts Position in Intuitive Surgical, Inc. (ISRG)” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.watchlistnews.com/biondo-investment-advisors-llc-cuts-position-in-intuitive-surgical-inc-isrg/1854052.html.

Intuitive Surgical Company Profile

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.

Want to see what other hedge funds are holding ISRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuitive Surgical, Inc. (NASDAQ:ISRG).

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

Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.com's FREE daily email newsletter.