MUFG Securities EMEA plc Sells 513 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

MUFG Securities EMEA plc reduced its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 43.4% in the 2nd quarter, Holdings Channel reports. The fund owned 669 shares of the medical equipment provider’s stock after selling 513 shares during the quarter. MUFG Securities EMEA plc’s holdings in Intuitive Surgical were worth $351,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC boosted its position in shares of Intuitive Surgical by 1.8% during the second quarter. Flagship Harbor Advisors LLC now owns 1,073 shares of the medical equipment provider’s stock worth $562,000 after buying an additional 19 shares during the period. Wetherby Asset Management Inc. boosted its position in shares of Intuitive Surgical by 1.3% during the first quarter. Wetherby Asset Management Inc. now owns 1,684 shares of the medical equipment provider’s stock worth $961,000 after buying an additional 21 shares during the period. Lodestar Investment Counsel LLC IL boosted its position in shares of Intuitive Surgical by 0.6% during the second quarter. Lodestar Investment Counsel LLC IL now owns 3,549 shares of the medical equipment provider’s stock worth $1,862,000 after buying an additional 21 shares during the period. Mirova boosted its position in shares of Intuitive Surgical by 10.6% during the second quarter. Mirova now owns 220 shares of the medical equipment provider’s stock worth $115,000 after buying an additional 21 shares during the period. Finally, Cornerstone Advisors Inc. boosted its position in shares of Intuitive Surgical by 18.8% during the second quarter. Cornerstone Advisors Inc. now owns 164 shares of the medical equipment provider’s stock worth $86,000 after buying an additional 26 shares during the period. Institutional investors own 85.97% of the company’s stock.

In related news, Director Lonnie M. Smith sold 215 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $493.18, for a total transaction of $106,033.70. Following the completion of the transaction, the director now directly owns 330,868 shares of the company’s stock, valued at $163,177,480.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Curet Myriam sold 4,974 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $532.14, for a total value of $2,646,864.36. Following the completion of the sale, the executive vice president now directly owns 3,851 shares of the company’s stock, valued at $2,049,271.14. The disclosure for this sale can be found here. Insiders have sold 25,869 shares of company stock valued at $13,664,252 over the last three months. Insiders own 1.70% of the company’s stock.

ISRG has been the subject of several recent research reports. ValuEngine cut Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Piper Jaffray Companies upped their price objective on Intuitive Surgical from $610.00 to $633.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Morgan Stanley set a $620.00 price objective on Intuitive Surgical and gave the stock a “buy” rating in a research report on Friday, July 19th. Northland Securities set a $375.00 price objective on Intuitive Surgical and gave the stock a “sell” rating in a research report on Friday, July 19th. Finally, UBS Group set a $560.00 price objective on Intuitive Surgical and gave the stock a “hold” rating in a research report on Friday, July 19th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $575.33.

NASDAQ ISRG traded up $1.83 during trading hours on Friday, hitting $524.95. 10,894 shares of the company traded hands, compared to its average volume of 594,557. The business’s 50-day moving average is $508.23 and its 200-day moving average is $522.18. Intuitive Surgical, Inc. has a twelve month low of $430.24 and a twelve month high of $589.32. The stock has a market capitalization of $60.46 billion, a price-to-earnings ratio of 55.31, a P/E/G ratio of 3.89 and a beta of 1.13.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, July 18th. The medical equipment provider reported $3.25 EPS for the quarter, beating the consensus estimate of $2.23 by $1.02. Intuitive Surgical had a return on equity of 17.35% and a net margin of 29.95%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the firm posted $2.76 earnings per share. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. As a group, research analysts forecast that Intuitive Surgical, Inc. will post 10.12 EPS for the current fiscal year.

Intuitive Surgical Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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

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