YHB Investment Advisors Inc. decreased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 12.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,558 shares of the medical equipment provider’s stock after selling 507 shares during the period. YHB Investment Advisors Inc.’s holdings in Intuitive Surgical were worth $3,721,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ISRG. Koch Industries Inc. raised its stake in Intuitive Surgical by 202,917.0% during the 2nd quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock worth $1,387,000 after acquiring an additional 1,387,952 shares during the period. FMR LLC raised its stake in Intuitive Surgical by 19.6% during the 2nd quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock worth $2,548,849,000 after acquiring an additional 447,397 shares during the period. Janus Henderson Group PLC raised its stake in Intuitive Surgical by 7,931.4% during the 2nd quarter. Janus Henderson Group PLC now owns 412,170 shares of the medical equipment provider’s stock worth $385,532,000 after acquiring an additional 407,038 shares during the period. Renaissance Technologies LLC raised its stake in Intuitive Surgical by 57.5% during the 2nd quarter. Renaissance Technologies LLC now owns 307,100 shares of the medical equipment provider’s stock worth $287,252,000 after acquiring an additional 112,130 shares during the period. Finally, Old Mutual Global Investors UK Ltd. raised its stake in Intuitive Surgical by 1,202,037.5% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 96,171 shares of the medical equipment provider’s stock worth $89,955,000 after acquiring an additional 96,163 shares during the period. Institutional investors own 31.43% of the company’s stock.

In other Intuitive Surgical news, insider Craig H. Barratt sold 15,000 shares of Intuitive Surgical stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $371.18, for a total transaction of $5,567,700.00. Following the completion of the transaction, the insider now directly owns 7,500 shares of the company’s stock, valued at $2,783,850. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark J. Meltzer sold 500 shares of Intuitive Surgical stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $1,025.00, for a total transaction of $512,500.00. Following the transaction, the senior vice president now directly owns 2,796 shares of the company’s stock, valued at $2,865,900. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,076 shares of company stock valued at $15,208,381. 2.20% of the stock is currently owned by insiders.

Intuitive Surgical, Inc. (NASDAQ ISRG) traded down $0.85 during mid-day trading on Friday, hitting $389.15. 686,600 shares of the company were exchanged, compared to its average volume of 868,065. Intuitive Surgical, Inc. has a 1 year low of $203.57 and a 1 year high of $393.51. The stock has a market capitalization of $43,603.48, a price-to-earnings ratio of 51.50, a PEG ratio of 5.44 and a beta of 0.47.

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

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ISRG has been the topic of a number of recent analyst reports. Wedbush restated a “buy” rating on shares of Intuitive Surgical in a research note on Tuesday, October 10th. Barclays PLC restated an “overweight” rating on shares of Intuitive Surgical in a research note on Friday, October 20th. Morgan Stanley restated an “overweight” rating and set a $118.89 target price (up previously from $105.56) on shares of Intuitive Surgical in a research note on Tuesday, July 25th. Vetr upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $113.59 target price on the stock in a research note on Monday, August 28th. Finally, Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $118.56 target price on the stock in a research note on Tuesday, July 25th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $154.72.

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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