Edgestream Partners L.P. Purchases New Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Edgestream Partners L.P. bought a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 503 shares of the medical equipment provider’s stock, valued at approximately $470,000.

Other large investors have also recently modified their holdings of the company. Keybank National Association OH lifted its stake in Intuitive Surgical by 26.7% in the 2nd quarter. Keybank National Association OH now owns 1,322 shares of the medical equipment provider’s stock valued at $1,237,000 after purchasing an additional 279 shares during the last quarter. Brown Advisory Securities LLC lifted its position in Intuitive Surgical by 1.4% during the first quarter. Brown Advisory Securities LLC now owns 2,247 shares of the medical equipment provider’s stock worth $1,722,000 after acquiring an additional 31 shares during the last quarter. Vident Investment Advisory LLC lifted its position in Intuitive Surgical by 137.0% during the first quarter. Vident Investment Advisory LLC now owns 9,572 shares of the medical equipment provider’s stock worth $7,337,000 after acquiring an additional 5,534 shares during the last quarter. Swiss National Bank lifted its position in Intuitive Surgical by 0.3% during the second quarter. Swiss National Bank now owns 212,282 shares of the medical equipment provider’s stock worth $198,562,000 after acquiring an additional 600 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in Intuitive Surgical during the first quarter worth approximately $9,596,000. Institutional investors and hedge funds own 94.23% of the company’s stock.

Several equities research analysts have issued reports on ISRG shares. Citigroup Inc. restated a “buy” rating and set a $359.33 price objective (up from $305.67) on shares of Intuitive Surgical in a research report on Monday, July 24th. Wells Fargo & Company restated an “outperform” rating and set a $350.00 price objective (up from $333.33) on shares of Intuitive Surgical in a research report on Wednesday, July 12th. Morgan Stanley restated an “overweight” rating on shares of Intuitive Surgical in a research report on Tuesday, September 5th. Cantor Fitzgerald initiated coverage on shares of Intuitive Surgical in a research report on Thursday, June 29th. They issued a “neutral” rating and a $333.33 price target for the company. Finally, Zacks Investment Research downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $366.12.

In related news, VP Jamie Samath sold 242 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $949.01, for a total value of $229,660.42. Following the completion of the transaction, the vice president now directly owns 23 shares of the company’s stock, valued at approximately $21,827.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Salvatore Brogna sold 899 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 570 shares of the company’s stock, valued at $571,083. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,172 shares of company stock valued at $21,923,487. Insiders own 2.20% of the company’s stock.

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Shares of Intuitive Surgical, Inc. (ISRG) opened at 1031.52 on Friday. The company has a market cap of $38.32 billion, a PE ratio of 49.41 and a beta of 0.38. Intuitive Surgical, Inc. has a 52 week low of $610.71 and a 52 week high of $1,054.77. The company has a 50 day moving average of $990.40 and a 200 day moving average of $891.23. Shares of Intuitive Surgical are going to split on the morning of Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly minted shares will be distributed to shareholders after the closing bell on Thursday, October 5th.

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

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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