Norinchukin Bank The lifted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 32.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,660 shares of the medical equipment provider’s stock after purchasing an additional 2,103 shares during the period. Norinchukin Bank The’s holdings in Intuitive Surgical were worth $9,058,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Autus Asset Management LLC lifted its position in shares of Intuitive Surgical by 183.8% during the third quarter. Autus Asset Management LLC now owns 24,210 shares of the medical equipment provider’s stock worth $8,440,000 after purchasing an additional 15,680 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Intuitive Surgical by 15.8% in the third quarter. Pacer Advisors Inc. now owns 1,273 shares of the medical equipment provider’s stock valued at $1,331,000 after acquiring an additional 174 shares in the last quarter. Biondo Investment Advisors LLC raised its holdings in Intuitive Surgical by 193.2% in the third quarter. Biondo Investment Advisors LLC now owns 88,194 shares of the medical equipment provider’s stock valued at $30,747,000 after acquiring an additional 58,111 shares in the last quarter. Fayez Sarofim & Co. raised its holdings in Intuitive Surgical by 0.9% in the third quarter. Fayez Sarofim & Co. now owns 51,165 shares of the medical equipment provider’s stock valued at $53,512,000 after acquiring an additional 448 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Intuitive Surgical by 5.1% in the third quarter. Ameriprise Financial Inc. now owns 20,435 shares of the medical equipment provider’s stock valued at $21,373,000 after acquiring an additional 984 shares in the last quarter. 32.95% of the stock is currently owned by institutional investors and hedge funds.

Shares of Intuitive Surgical, Inc. (ISRG) traded down $3.18 during midday trading on Wednesday, reaching $395.31. 275,014 shares of the company’s stock were exchanged, compared to its average volume of 965,273. Intuitive Surgical, Inc. has a 52 week low of $203.57 and a 52 week high of $400.00. The firm has a market cap of $44,280.00, a P/E ratio of 52.01, a price-to-earnings-growth ratio of 5.46 and a beta of 0.46.

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

In other news, VP Jamie Samath sold 1,564 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $371.19, for a total value of $580,541.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan J. Levy sold 2,997 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $371.35, for a total transaction of $1,112,935.95. The disclosure for this sale can be found here. Insiders sold a total of 42,156 shares of company stock valued at $17,324,092 over the last three months. 2.20% of the stock is owned by corporate insiders.

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A number of brokerages have weighed in on ISRG. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Intuitive Surgical in a report on Saturday. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $436.00 target price on the stock in a report on Tuesday, November 14th. Barclays PLC reissued an “overweight” rating on shares of Intuitive Surgical in a report on Friday, October 20th. Canaccord Genuity reissued a “hold” rating on shares of Intuitive Surgical in a report on Tuesday, October 17th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Intuitive Surgical in a report on Monday, October 16th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target 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.

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

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