Financial Architects Inc Has $170,000 Stake in Intuitive Surgical, Inc. (ISRG)

Financial Architects Inc lowered its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 7.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182 shares of the medical equipment provider’s stock after selling 14 shares during the period. Financial Architects Inc’s holdings in Intuitive Surgical were worth $170,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in Intuitive Surgical by 2,770.9% in the first quarter. BlackRock Inc. now owns 2,846,621 shares of the medical equipment provider’s stock worth $2,181,851,000 after buying an additional 2,747,465 shares during the last quarter. Edgewood Management LLC boosted its position in Intuitive Surgical by 38.8% in the first quarter. Edgewood Management LLC now owns 919,617 shares of the medical equipment provider’s stock worth $704,859,000 after buying an additional 257,165 shares during the last quarter. Waddell & Reed Financial Inc. boosted its position in Intuitive Surgical by 77.3% in the first quarter. Waddell & Reed Financial Inc. now owns 417,863 shares of the medical equipment provider’s stock worth $320,280,000 after buying an additional 182,139 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Intuitive Surgical by 497.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 105,845 shares of the medical equipment provider’s stock worth $81,127,000 after buying an additional 88,140 shares during the last quarter. Finally, FMR LLC boosted its position in Intuitive Surgical by 3.4% in the first quarter. FMR LLC now owns 2,277,567 shares of the medical equipment provider’s stock worth $1,745,686,000 after buying an additional 75,894 shares during the last quarter. Institutional investors and hedge funds own 96.84% of the company’s stock.

Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) traded up 1.38% during midday trading on Friday, hitting $942.25. 241,572 shares of the stock were exchanged. Intuitive Surgical, Inc. has a 12-month low of $610.71 and a 12-month high of $974.66. The firm has a market cap of $35.00 billion, a P/E ratio of 45.13 and a beta of 0.39. The firm has a 50 day moving average of $941.15 and a 200 day moving average of $833.76.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share for the quarter, beating the consensus estimate of $5.79 by $0.16. The business had revenue of $756.20 million during the quarter, compared to the consensus estimate of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.62 earnings per share. Equities analysts forecast that Intuitive Surgical, Inc. will post $23.86 EPS for the current fiscal year.

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A number of equities analysts recently weighed in on ISRG shares. Morgan Stanley set a $950.00 price objective on shares of Intuitive Surgical and gave the stock an “overweight” rating in a research report on Monday, May 22nd. Royal Bank Of Canada increased their price objective on shares of Intuitive Surgical from $720.00 to $770.00 and gave the stock a “sector perform” rating in a research report on Monday, April 17th. Leerink Swann reaffirmed an “outperform” rating and set a $850.00 price objective (up previously from $840.00) on shares of Intuitive Surgical in a research report on Saturday, April 22nd. Wells Fargo & Company reaffirmed an “outperform” rating and set a $1,050.00 price objective (up previously from $1,000.00) on shares of Intuitive Surgical in a research report on Wednesday, July 12th. Finally, Cantor Fitzgerald assumed coverage on shares of Intuitive Surgical in a research report on Thursday, June 29th. They issued a “neutral” rating and a $1,000.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Intuitive Surgical has a consensus rating of “Buy” and an average target price of $980.03.

In other Intuitive Surgical news, SVP Mark J. Meltzer sold 3,000 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $887.09, for a total transaction of $2,661,270.00. Following the transaction, the senior vice president now directly owns 3,046 shares in the company, valued at approximately $2,702,076.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jamie Samath sold 242 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $949.01, for a total transaction of $229,660.42. Following the transaction, the vice president now owns 23 shares in the company, valued at $21,827.23. The disclosure for this sale can be found here. Insiders sold 34,065 shares of company stock valued at $31,659,090 over the last 90 days. Insiders own 2.50% of the company’s stock.

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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