Discovery Value Fund acquired a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,732 shares of the medical equipment provider’s stock, valued at approximately $11,845,000. Intuitive Surgical accounts for approximately 1.7% of Discovery Value Fund’s investment portfolio, making the stock its 7th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cornerstone Advisors Inc. grew its holdings in Intuitive Surgical by 32.3% in the third quarter. Cornerstone Advisors Inc. now owns 123 shares of the medical equipment provider’s stock valued at $71,000 after purchasing an additional 30 shares during the period. Fiduciary Trust Co. boosted its stake in shares of Intuitive Surgical by 5.0% in the fourth quarter. Fiduciary Trust Co. now owns 839 shares of the medical equipment provider’s stock worth $402,000 after acquiring an additional 40 shares during the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of Intuitive Surgical by 2.5% in the fourth quarter. Wetherby Asset Management Inc. now owns 1,663 shares of the medical equipment provider’s stock worth $796,000 after acquiring an additional 40 shares during the last quarter. SPC Financial Inc. boosted its stake in shares of Intuitive Surgical by 2.6% in the fourth quarter. SPC Financial Inc. now owns 1,662 shares of the medical equipment provider’s stock worth $796,000 after acquiring an additional 42 shares during the last quarter. Finally, Arlington Financial Advisors LLC boosted its stake in shares of Intuitive Surgical by 0.6% in the fourth quarter. Arlington Financial Advisors LLC now owns 7,243 shares of the medical equipment provider’s stock worth $3,469,000 after acquiring an additional 44 shares during the last quarter. 84.13% of the stock is currently owned by institutional investors.

In related news, COO Salvatore Brogna sold 2,090 shares of Intuitive Surgical stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $541.88, for a total transaction of $1,132,529.20. Following the transaction, the chief operating officer now owns 2,049 shares in the company, valued at $1,110,312.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gary S. Guthart sold 28,085 shares of Intuitive Surgical stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $542.78, for a total value of $15,243,976.30. Following the transaction, the chief executive officer now owns 368,704 shares in the company, valued at approximately $200,125,157.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,085 shares of company stock worth $16,850,030. 2.20% of the stock is currently owned by company insiders.

A number of brokerages have recently issued reports on ISRG. Zacks Investment Research lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Wednesday. Northland Securities reaffirmed a “sell” rating and issued a $375.00 price target on shares of Intuitive Surgical in a research note on Thursday, January 10th. Piper Jaffray Companies lifted their price target on Intuitive Surgical to $613.00 and gave the stock an “overweight” rating in a research note on Friday, October 19th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $620.00 price target on shares of Intuitive Surgical in a research note on Friday, January 25th. Finally, ValuEngine lowered Intuitive Surgical from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $566.40.

Shares of Intuitive Surgical stock opened at $523.64 on Friday. Intuitive Surgical, Inc. has a one year low of $380.00 and a one year high of $581.12. The company has a market cap of $58.07 billion, a P/E ratio of 55.18, a P/E/G ratio of 3.85 and a beta of 1.07.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, January 24th. The medical equipment provider reported $2.96 EPS for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.11). Intuitive Surgical had a return on equity of 18.11% and a net margin of 30.29%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business posted $2.54 EPS. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, analysts forecast that Intuitive Surgical, Inc. will post 10.07 EPS for the current year.

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Intuitive Surgical Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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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