Salem Investment Counselors Inc. increased its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 741 shares of the medical equipment provider’s stock after acquiring an additional 1 shares during the period. Salem Investment Counselors Inc.’s holdings in Intuitive Surgical were worth $693,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. increased its position in Intuitive Surgical by 2,770.9% during the first quarter. BlackRock Inc. now owns 2,846,621 shares of the medical equipment provider’s stock valued at $2,181,851,000 after acquiring an additional 2,747,465 shares during the last quarter. FMR LLC lifted its holdings in Intuitive Surgical by 19.6% in the second quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock valued at $2,548,849,000 after acquiring an additional 447,397 shares during the period. Edgewood Management LLC lifted its holdings in Intuitive Surgical by 38.8% in the first quarter. Edgewood Management LLC now owns 919,617 shares of the medical equipment provider’s stock valued at $704,859,000 after acquiring an additional 257,165 shares during the period. Waddell & Reed Financial Inc. boosted its position in Intuitive Surgical by 77.3% in the first quarter. Waddell & Reed Financial Inc. now owns 417,863 shares of the medical equipment provider’s stock worth $320,280,000 after purchasing an additional 182,139 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Intuitive Surgical by 57.5% in the second quarter. Renaissance Technologies LLC now owns 307,100 shares of the medical equipment provider’s stock worth $287,252,000 after purchasing an additional 112,130 shares during the last quarter. 94.23% of the stock is owned by institutional investors.

In other Intuitive Surgical news, SVP Mark J. Meltzer sold 500 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $1,025.00, for a total value of $512,500.00. Following the completion of the transaction, the senior vice president now owns 2,796 shares in the company, valued at $2,865,900. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Curet Myriam sold 1,202 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $950.20, for a total transaction of $1,142,140.40. Following the completion of the transaction, the senior vice president now owns 1,428 shares of the company’s stock, valued at approximately $1,356,885.60. The disclosure for this sale can be found here. Insiders have sold 23,172 shares of company stock worth $21,923,487 over the last three months. 2.20% of the stock is currently owned by insiders.

Several equities research analysts have recently commented on the stock. Vetr lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $335.50 price target for the company. in a research report on Wednesday, August 16th. BidaskClub downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Wedbush reissued an “outperform” rating and issued a $1,060.00 price objective on shares of Intuitive Surgical in a report on Monday, September 25th. Barclays PLC raised their price objective on shares of Intuitive Surgical from $290.00 to $333.33 and gave the stock an “overweight” rating in a report on Friday, July 21st. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. 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 company currently has a consensus rating of “Buy” and a consensus target price of $411.32.

Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) traded up 1.23% during trading on Monday, hitting $1058.74. The stock had a trading volume of 65,149 shares. The firm has a market cap of $39.33 billion, a P/E ratio of 50.71 and a beta of 0.39. The firm has a 50 day moving average price of $990.40 and a 200 day moving average price of $891.23. Intuitive Surgical, Inc. has a 12-month low of $610.71 and a 12-month high of $1,060.00. 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 created shares will be issued to shareholders after the market closes on Thursday, October 5th.

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

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Intuitive Surgical 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.

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

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