HBK Sorce Advisory LLC lifted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 15.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 781 shares of the medical equipment provider’s stock after acquiring an additional 105 shares during the period. HBK Sorce Advisory LLC’s holdings in Intuitive Surgical were worth $448,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ISRG. Alps Advisors Inc. bought a new position in shares of Intuitive Surgical in the 2nd quarter valued at about $572,000. Canada Pension Plan Investment Board lifted its holdings in shares of Intuitive Surgical by 103.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 141,282 shares of the medical equipment provider’s stock valued at $67,601,000 after acquiring an additional 71,983 shares during the last quarter. CIBC World Markets Inc. lifted its holdings in shares of Intuitive Surgical by 55.2% in the 2nd quarter. CIBC World Markets Inc. now owns 16,623 shares of the medical equipment provider’s stock valued at $7,954,000 after acquiring an additional 5,910 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Intuitive Surgical by 4.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 426,494 shares of the medical equipment provider’s stock valued at $204,069,000 after acquiring an additional 17,869 shares during the last quarter. Finally, American International Group Inc. lifted its holdings in shares of Intuitive Surgical by 0.8% in the 2nd quarter. American International Group Inc. now owns 41,459 shares of the medical equipment provider’s stock valued at $19,837,000 after acquiring an additional 338 shares during the last quarter. 84.31% of the stock is owned by hedge funds and other institutional investors.

ISRG has been the subject of a number of analyst reports. BidaskClub downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 22nd. Wells Fargo & Co increased their price objective on shares of Intuitive Surgical from $575.00 to $635.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 12th. Piper Jaffray Companies raised shares of Intuitive Surgical from a “neutral” rating to an “overweight” rating and set a $600.00 price objective on the stock in a research report on Tuesday, October 9th. Morgan Stanley increased their price objective on shares of Intuitive Surgical from $575.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, October 11th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $620.00 price objective on shares of Intuitive Surgical in a research report on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $553.71.

In other news, CEO Gary S. Guthart sold 28,085 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $542.78, for a total transaction of $15,243,976.30. Following the transaction, the chief executive officer now directly owns 368,704 shares of the company’s stock, valued at $200,125,157.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jamie Samath sold 864 shares of the firm’s stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $499.21, for a total transaction of $431,317.44. Following the transaction, the vice president now directly owns 257 shares in the company, valued at $128,296.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,491 shares of company stock worth $37,767,784. Corporate insiders own 2.20% of the company’s stock.

Shares of NASDAQ:ISRG opened at $491.81 on Friday. The company has a market cap of $56.16 billion, a PE ratio of 68.40, a P/E/G ratio of 3.56 and a beta of 1.03. Intuitive Surgical, Inc. has a one year low of $359.78 and a one year high of $581.12.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, October 18th. The medical equipment provider reported $2.83 EPS for the quarter, topping the Zacks’ consensus estimate of $2.66 by $0.17. The business had revenue of $920.90 million for the quarter, compared to analyst estimates of $916.22 million. Intuitive Surgical had a net margin of 22.31% and a return on equity of 18.79%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the company posted $2.77 earnings per share. As a group, research analysts anticipate that Intuitive Surgical, Inc. will post 9.52 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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