Foresight Wealth Management LLC bought a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 428 shares of the medical equipment provider’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ISRG. Oregon Public Employees Retirement Fund increased its stake in Intuitive Surgical by 31,963.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,679,377 shares of the medical equipment provider’s stock valued at $31,000 after acquiring an additional 14,633,595 shares during the period. Stone House Investment Management LLC bought a new stake in Intuitive Surgical during the first quarter worth about $31,000. Laurel Wealth Advisors LLC bought a new stake in Intuitive Surgical during the fourth quarter worth about $32,000. Athena Capital Advisors LLC bought a new stake in Intuitive Surgical during the fourth quarter worth about $33,000. Finally, Ellis Investment Partners LLC bought a new stake in Intuitive Surgical during the first quarter worth about $34,000. 84.85% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Gary S. Guthart sold 22,636 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $501.48, for a total value of $11,351,501.28. Following the transaction, the chief executive officer now directly owns 386,866 shares in the company, valued at $194,005,561.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Salvatore Brogna sold 2,090 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $551.79, for a total transaction of $1,153,241.10. The disclosure for this sale can be found here. Insiders sold 32,266 shares of company stock worth $16,451,271 over the last 90 days. 1.70% of the stock is currently owned by company insiders.

ISRG has been the topic of several research analyst reports. Stifel Nicolaus decreased their price objective on shares of Intuitive Surgical from $600.00 to $570.00 and set a “buy” rating on the stock in a research note on Friday, January 25th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $620.00 price objective on shares of Intuitive Surgical in a research note on Friday, January 25th. BidaskClub cut shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 30th. Zacks Investment Research cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Finally, Royal Bank of Canada set a $560.00 price target on shares of Intuitive Surgical and gave the company a “hold” rating in a research note on Thursday, February 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $576.82.

Shares of ISRG traded up $1.35 during mid-day trading on Wednesday, hitting $488.70. 14,369 shares of the company traded hands, compared to its average volume of 1,166,939. Intuitive Surgical, Inc. has a one year low of $430.24 and a one year high of $589.32. The stock has a market capitalization of $55.27 billion, a P/E ratio of 51.43, a price-to-earnings-growth ratio of 4.18 and a beta of 1.02.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, April 18th. The medical equipment provider reported $2.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($0.09). Intuitive Surgical had a net margin of 29.78% and a return on equity of 17.33%. The company had revenue of $974.00 million for the quarter, compared to the consensus estimate of $975.27 million. During the same period last year, the company earned $2.44 earnings per share. Intuitive Surgical’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intuitive Surgical, Inc. will post 9.4 EPS for the current fiscal year.

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Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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

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