Federated Investors Inc. PA trimmed its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 10.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 728 shares of the medical equipment provider’s stock after selling 81 shares during the period. Federated Investors Inc. PA’s holdings in Intuitive Surgical were worth $681,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of Intuitive Surgical by 2,770.9% during the 1st quarter. BlackRock Inc. now owns 2,846,621 shares of the medical equipment provider’s stock worth $2,181,851,000 after buying an additional 2,747,465 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Intuitive Surgical by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 2,503,817 shares of the medical equipment provider’s stock worth $1,919,101,000 after buying an additional 30,306 shares in the last quarter. FMR LLC raised its stake in shares of Intuitive Surgical by 3.4% during the 1st quarter. FMR LLC now owns 2,277,567 shares of the medical equipment provider’s stock worth $1,745,686,000 after buying an additional 75,894 shares in the last quarter. Edgewood Management LLC raised its stake in shares of Intuitive Surgical by 38.8% during the 1st quarter. Edgewood Management LLC now owns 919,617 shares of the medical equipment provider’s stock worth $704,859,000 after buying an additional 257,165 shares in the last quarter. Finally, Waddell & Reed Financial Inc. raised its stake in shares of Intuitive Surgical by 77.3% during the 1st quarter. Waddell & Reed Financial Inc. now owns 417,863 shares of the medical equipment provider’s stock worth $320,280,000 after buying an additional 182,139 shares in the last quarter. 94.23% of the stock is owned by institutional investors and hedge funds.

In other Intuitive Surgical news, CEO Gary S. Guthart sold 17,975 shares of Intuitive Surgical stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $937.27, for a total value of $16,847,428.25. Following the transaction, the chief executive officer now owns 101,798 shares in the company, valued at $95,412,211.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Jamie Samath sold 242 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $949.01, for a total transaction of $229,660.42. Following the completion of the transaction, the vice president now owns 23 shares in the company, valued at approximately $21,827.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,172 shares of company stock worth $21,923,487. 2.20% of the stock is owned by corporate insiders.

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A number of brokerages have recently issued reports on ISRG. Royal Bank Of Canada reissued a “hold” rating and set a $333.33 target price on shares of Intuitive Surgical in a research note on Friday, July 21st. Vetr downgraded Intuitive Surgical from a “buy” rating to a “hold” rating and set a $335.50 target price for the company. in a research note on Wednesday, August 16th. Citigroup Inc. reissued a “buy” rating and set a $359.33 target price (up from $305.67) on shares of Intuitive Surgical in a research note on Monday, July 24th. BTIG Research reissued a “hold” rating on shares of Intuitive Surgical in a research note on Thursday, June 15th. Finally, Bank of America Corporation reissued a “buy” rating and set a $333.33 target price on shares of Intuitive Surgical in a research note on Thursday, June 1st. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $366.12.

Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) opened at 1046.29 on Tuesday. The firm’s 50-day moving average price is $987.34 and its 200-day moving average price is $889.05. Intuitive Surgical, Inc. has a one year low of $610.71 and a one year high of $1,054.77. The firm has a market cap of $38.87 billion, a PE ratio of 50.11 and a beta of 0.38. Shares of Intuitive Surgical are going to split before the market opens on Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly issued shares will be issued to shareholders after the closing bell on Thursday, October 5th.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, July 20th. The medical equipment provider reported $1.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.05. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The firm had revenue of $756.20 million for the quarter, compared to analysts’ expectations of $724.51 million. During the same quarter in the previous year, the company earned $1.87 earnings per share. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities research analysts expect that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current fiscal year.

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.

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

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