Daiwa SB Investments Ltd. lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 300.0% in the 4th quarter, HoldingsChannel reports. The fund owned 3,240 shares of the medical equipment provider’s stock after buying an additional 2,430 shares during the period. Daiwa SB Investments Ltd.’s holdings in Intuitive Surgical were worth $1,182,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ISRG. American National Bank raised its holdings in shares of Intuitive Surgical by 200.0% in the fourth quarter. American National Bank now owns 300 shares of the medical equipment provider’s stock valued at $109,000 after acquiring an additional 200 shares in the last quarter. ETF Managers Group LLC bought a new stake in shares of Intuitive Surgical in the second quarter valued at about $110,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Intuitive Surgical in the second quarter valued at about $120,000. Parallel Advisors LLC raised its holdings in shares of Intuitive Surgical by 195.6% in the third quarter. Parallel Advisors LLC now owns 470 shares of the medical equipment provider’s stock valued at $184,000 after acquiring an additional 311 shares in the last quarter. Finally, Lincoln National Corp bought a new stake in shares of Intuitive Surgical in the third quarter valued at about $200,000. Hedge funds and other institutional investors own 32.80% of the company’s stock.

In other news, Director Alan J. Levy sold 2,997 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $371.35, for a total transaction of $1,112,935.95. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jamie Samath sold 1,564 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $371.19, for a total transaction of $580,541.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,944 shares of company stock worth $21,432,971. Corporate insiders own 2.20% of the company’s stock.

Intuitive Surgical, Inc. (ISRG) opened at $421.37 on Friday. The company has a market cap of $47,210.00, a PE ratio of 54.44, a price-to-earnings-growth ratio of 5.33 and a beta of 0.47. Intuitive Surgical, Inc. has a fifty-two week low of $217.19 and a fifty-two week high of $426.98.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.78. The business had revenue of $806.10 million during the quarter, compared to the consensus estimate of $753.25 million. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.06 earnings per share. equities analysts expect that Intuitive Surgical, Inc. will post 7.85 EPS for the current fiscal year.

Several research firms recently weighed in on ISRG. BidaskClub upgraded Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a report on Thursday. Barclays restated an “overweight” rating and issued a $465.00 price objective on shares of Intuitive Surgical in a report on Thursday. Goldman Sachs Group restated a “buy” rating on shares of Intuitive Surgical in a report on Saturday, November 18th. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $436.00 target price for the company in a report on Tuesday, November 14th. Finally, Vetr upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $434.75 target price for the company in a report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $357.44.

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Intuitive Surgical 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.

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

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