Intuitive Surgical, Inc. (ISRG) Shares Sold by Northern Trust Corp

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Northern Trust Corp trimmed its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,330,761 shares of the medical equipment provider’s stock after selling 26,581 shares during the quarter. Northern Trust Corp owned 1.17% of Intuitive Surgical worth $636,742,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Thrivent Financial for Lutherans grew its holdings in Intuitive Surgical by 3.5% during the first quarter. Thrivent Financial for Lutherans now owns 4,676 shares of the medical equipment provider’s stock valued at $1,930,000 after purchasing an additional 159 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Intuitive Surgical by 21.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,556 shares of the medical equipment provider’s stock valued at $1,881,000 after buying an additional 791 shares during the period. Gabelli Funds LLC acquired a new position in shares of Intuitive Surgical in the first quarter valued at approximately $3,138,000. Gamco Investors INC. ET AL acquired a new position in shares of Intuitive Surgical in the first quarter valued at approximately $482,000. Finally, Toronto Dominion Bank boosted its holdings in shares of Intuitive Surgical by 25.4% in the first quarter. Toronto Dominion Bank now owns 60,517 shares of the medical equipment provider’s stock valued at $24,978,000 after buying an additional 12,265 shares during the period. Institutional investors and hedge funds own 84.80% of the company’s stock.

ISRG traded up $23.80 during trading hours on Friday, hitting $532.02. 960,926 shares of the company’s stock were exchanged, compared to its average volume of 786,575. Intuitive Surgical, Inc. has a 1-year low of $350.00 and a 1-year high of $581.12. The stock has a market capitalization of $65.29 billion, a price-to-earnings ratio of 73.99, a PEG ratio of 4.20 and a beta of 0.89.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, July 19th. The medical equipment provider reported $2.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.74. Intuitive Surgical had a net margin of 23.20% and a return on equity of 20.56%. The business had revenue of $909.30 million during the quarter, compared to analysts’ expectations of $877.43 million. During the same quarter in the prior year, the company posted $5.95 earnings per share. The firm’s revenue was up 19.8% on a year-over-year basis. On average, equities research analysts predict that Intuitive Surgical, Inc. will post 9.31 EPS for the current year.

In other Intuitive Surgical news, COO Salvatore Brogna sold 2,652 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $557.39, for a total transaction of $1,478,198.28. Following the sale, the chief operating officer now directly owns 2,049 shares of the company’s stock, valued at $1,142,092.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lonnie M. Smith sold 56,000 shares of the company’s stock in a transaction on Tuesday, July 24th. The stock was sold at an average price of $523.37, for a total transaction of $29,308,720.00. Following the sale, the director now directly owns 11,874 shares in the company, valued at $6,214,495.38. The disclosure for this sale can be found here. Insiders have sold 109,463 shares of company stock worth $57,194,982 over the last ninety days. Insiders own 2.20% of the company’s stock.

ISRG has been the subject of several research analyst reports. Piper Jaffray Companies upgraded shares of Intuitive Surgical from a “neutral” rating to an “overweight” rating and set a $600.00 price target for the company in a report on Tuesday. Wells Fargo & Co upped their price target on shares of Intuitive Surgical from $575.00 to $635.00 and gave the company an “outperform” rating in a report on Wednesday, September 12th. Morgan Stanley upped their price target on shares of Intuitive Surgical from $575.00 to $600.00 and gave the company an “overweight” rating in a report on Thursday. Bank of America upped their price target on shares of Intuitive Surgical from $510.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, July 17th. Finally, Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $582.00 price target for the company in a report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. Intuitive Surgical has an average rating of “Buy” and an average target price of $538.51.

About Intuitive Surgical

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.

Read More: Outstanding Shares

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

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