Bank of New York Mellon Corp cut its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 10.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,350,524 shares of the medical equipment provider’s stock after selling 162,157 shares during the period. Bank of New York Mellon Corp owned about 1.21% of Intuitive Surgical worth $1,412,487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ISRG. Koch Industries Inc. grew its holdings in shares of Intuitive Surgical by 202,917.0% in the second quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock worth $1,387,000 after purchasing an additional 1,387,952 shares during the last quarter. FMR LLC grew its holdings in shares of Intuitive Surgical by 19.6% in the second quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock worth $2,548,849,000 after purchasing an additional 447,397 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Intuitive Surgical by 7,931.4% in the second quarter. Janus Henderson Group PLC now owns 412,170 shares of the medical equipment provider’s stock worth $385,532,000 after purchasing an additional 407,038 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of 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. Finally, Old Mutual Global Investors UK Ltd. grew its holdings in shares of Intuitive Surgical by 1,202,037.5% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 96,171 shares of the medical equipment provider’s stock worth $89,955,000 after purchasing an additional 96,163 shares during the last quarter. Hedge funds and other institutional investors own 31.30% of the company’s stock.

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In other Intuitive Surgical news, EVP Salvatore Brogna sold 899 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $1,001.90, for a total transaction of $900,708.10. Following the completion of the sale, the executive vice president now directly owns 570 shares of the company’s stock, valued at $571,083. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mark J. Meltzer sold 500 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $982.90, for a total transaction of $491,450.00. Following the completion of the transaction, the senior vice president now directly owns 2,796 shares of the company’s stock, valued at $2,748,188.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,076 shares of company stock valued at $15,208,381. Insiders own 2.20% of the company’s stock.

Intuitive Surgical, Inc. (NASDAQ ISRG) traded up $0.18 during mid-day trading on Tuesday, hitting $392.30. 268,243 shares of the company’s stock traded hands, compared to its average volume of 973,879. The stock has a market capitalization of $43,980.00, a price-to-earnings ratio of 51.50, a price-to-earnings-growth ratio of 5.44 and a beta of 0.46. Intuitive Surgical, Inc. has a 1-year low of $203.57 and a 1-year high of $393.51.

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

ISRG has been the topic of a number of research analyst reports. Wedbush restated a “buy” rating on shares of Intuitive Surgical in a report on Tuesday, October 10th. Barclays PLC restated an “overweight” rating on shares of Intuitive Surgical in a report on Friday, October 20th. Morgan Stanley restated an “overweight” rating and issued a $118.89 price target (up from $105.56) on shares of Intuitive Surgical in a report on Tuesday, July 25th. Vetr upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $113.59 price target on the stock in a report 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 price target on the stock in a report on Tuesday, July 25th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Intuitive Surgical presently has an average rating of “Buy” and a consensus target price of $155.78.

About Intuitive Surgical

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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