Main Street Research LLC Purchases 376 Shares of Intuitive Surgical, Inc. (ISRG)

Main Street Research LLC increased its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 161.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 609 shares of the medical equipment provider’s stock after purchasing an additional 376 shares during the quarter. Main Street Research LLC’s holdings in Intuitive Surgical were worth $222,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ISRG. Edgewood Management LLC grew its position in shares of Intuitive Surgical by 200.7% in the third quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock valued at $1,010,359,000 after purchasing an additional 1,934,382 shares in the last quarter. Koch Industries Inc. grew its position in shares of Intuitive Surgical by 202,917.0% in the second quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock valued at $1,387,000 after purchasing an additional 1,387,952 shares in the last quarter. American Century Companies Inc. grew its position in shares of Intuitive Surgical by 162.2% in the fourth quarter. American Century Companies Inc. now owns 1,426,348 shares of the medical equipment provider’s stock valued at $520,531,000 after purchasing an additional 882,255 shares in the last quarter. APG Asset Management N.V. grew its position in shares of Intuitive Surgical by 318.4% in the fourth quarter. APG Asset Management N.V. now owns 363,539 shares of the medical equipment provider’s stock valued at $110,485,000 after purchasing an additional 276,657 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Intuitive Surgical by 214.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 386,037 shares of the medical equipment provider’s stock valued at $140,881,000 after purchasing an additional 263,157 shares in the last quarter. Institutional investors own 34.82% of the company’s stock.

Shares of Intuitive Surgical, Inc. (ISRG) opened at $399.01 on Tuesday. The stock has a market capitalization of $44,710.00, a price-to-earnings ratio of 70.25, a P/E/G ratio of 4.91 and a beta of 0.50. Intuitive Surgical, Inc. has a 52 week low of $232.24 and a 52 week high of $452.00.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.27. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The company had revenue of $892.40 million during the quarter, compared to analyst estimates of $866.54 million. During the same quarter last year, the company earned $2.03 earnings per share. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. equities analysts anticipate that Intuitive Surgical, Inc. will post 7.93 earnings per share for the current fiscal year.

In other Intuitive Surgical news, Director Lonnie M. Smith sold 580 shares of Intuitive Surgical stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $386.76, for a total transaction of $224,320.80. Following the completion of the sale, the director now owns 559,410 shares of the company’s stock, valued at $216,357,411.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Curet Myriam sold 262 shares of Intuitive Surgical stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $431.50, for a total value of $113,053.00. Following the sale, the executive vice president now directly owns 2,152 shares of the company’s stock, valued at approximately $928,588. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,847 shares of company stock valued at $17,225,711. Corporate insiders own 2.20% of the company’s stock.

Several equities analysts have recently weighed in on the company. Canaccord Genuity reiterated a “hold” rating and issued a $410.00 price target (up from $380.00) on shares of Intuitive Surgical in a research report on Friday, January 26th. They noted that the move was a valuation call. Zacks Investment Research cut Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Barclays reiterated an “overweight” rating and issued a $465.00 price target on shares of Intuitive Surgical in a research report on Thursday, January 11th. Piper Jaffray Companies reiterated a “hold” rating on shares of Intuitive Surgical in a research report on Friday, January 26th. Finally, Citigroup reiterated a “buy” rating and issued a $531.00 price target on shares of Intuitive Surgical in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $409.40.

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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.

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

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