Intuitive Surgical, Inc. (ISRG) Shares Sold by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC lessened its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 80.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,451 shares of the medical equipment provider’s stock after selling 5,972 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Intuitive Surgical were worth $960,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Keybank National Association OH boosted its position in shares of Intuitive Surgical by 26.7% during the second quarter. Keybank National Association OH now owns 1,322 shares of the medical equipment provider’s stock valued at $1,237,000 after buying an additional 279 shares during the last quarter. Brown Advisory Securities LLC lifted its holdings 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 period. Vident Investment Advisory LLC lifted its holdings 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 period. Swiss National Bank lifted its holdings 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 period. Finally, Marshall Wace North America L.P. bought a new stake in Intuitive Surgical during the first quarter worth $9,596,000. 94.23% of the stock is currently owned by institutional investors.

In related news, CEO Gary S. Guthart sold 17,975 shares of Intuitive Surgical stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $937.27, for a total transaction of $16,847,428.25. Following the sale, the chief executive officer now directly owns 101,798 shares in the company, valued at approximately $95,412,211.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Curet Myriam sold 1,202 shares of Intuitive Surgical stock in a transaction on Tuesday, July 25th. The shares were 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 in the company, valued at $1,356,885.60. The disclosure for this sale can be found here. Insiders have sold a total of 23,172 shares of company stock worth $21,923,487 over the last quarter. 2.20% of the stock is owned by company insiders.

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A number of brokerages recently commented on ISRG. Royal Bank Of Canada reiterated a “hold” rating and set a $333.33 price target on shares of Intuitive Surgical in a report on Friday, July 21st. Vetr lowered Intuitive Surgical from a “buy” rating to a “hold” rating and set a $335.50 price target on the stock. in a report on Wednesday, August 16th. Citigroup Inc. restated a “buy” rating and issued a $359.33 target price (up from $305.67) on shares of Intuitive Surgical in a research note on Monday, July 24th. Canaccord Genuity restated a “hold” rating and issued a $290.00 target price on shares of Intuitive Surgical in a research note on Tuesday, July 11th. Finally, Bank of America Corporation restated a “buy” rating and issued a $333.33 target price on shares of Intuitive Surgical in a research note on Thursday, June 1st. Five equities research 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. Intuitive Surgical has a consensus rating of “Buy” and an average price target of $366.12.

Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at 1031.52 on Friday. The stock has a 50 day moving average price of $990.40 and a 200-day moving average price of $891.23. The stock has a market capitalization of $38.32 billion, a PE ratio of 49.41 and a beta of 0.38. Intuitive Surgical, Inc. has a 12-month low of $610.71 and a 12-month high of $1,054.77. Intuitive Surgical’s stock is going to split 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 announced its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $1.98 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $756.20 million for the quarter, compared to analyst estimates of $724.51 million. During the same period last year, the business earned $1.87 EPS. The company’s revenue was up 12.8% on a year-over-year basis. On average, equities analysts anticipate that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current fiscal year.

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.

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

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