Chartwell Investment Partners LLC Raises Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Chartwell Investment Partners LLC grew its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,694 shares of the medical equipment provider’s stock after acquiring an additional 229 shares during the period. Chartwell Investment Partners LLC’s holdings in Intuitive Surgical were worth $4,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. TFG Advisers LLC purchased a new position in Intuitive Surgical during the fourth quarter valued at $25,000. 1776 Wealth LLC lifted its position in shares of Intuitive Surgical by 72.2% during the 1st quarter. 1776 Wealth LLC now owns 62 shares of the medical equipment provider’s stock valued at $30,000 after buying an additional 26 shares in the last quarter. Red Door Wealth Management LLC bought a new position in shares of Intuitive Surgical during the 1st quarter valued at approximately $33,000. Gemmer Asset Management LLC increased its holdings in Intuitive Surgical by 89.7% in the 1st quarter. Gemmer Asset Management LLC now owns 74 shares of the medical equipment provider’s stock worth $37,000 after acquiring an additional 35 shares in the last quarter. Finally, Jacobi Capital Management LLC raised its stake in Intuitive Surgical by 59.1% during the 2nd quarter. Jacobi Capital Management LLC now owns 140 shares of the medical equipment provider’s stock worth $44,000 after acquiring an additional 52 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

In other news, Director Alan J. Levy sold 1,950 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $575.00, for a total value of $1,121,250.00. Following the completion of the sale, the director now directly owns 9,789 shares of the company’s stock, valued at approximately $5,628,675. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amal M. Johnson sold 3,000 shares of Intuitive Surgical stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $550.00, for a total value of $1,650,000.00. Following the completion of the transaction, the director now owns 12,468 shares of the company’s stock, valued at approximately $6,857,400. The disclosure for this sale can be found here. Insiders have sold a total of 35,515 shares of company stock worth $21,147,697 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

A number of analysts have recently issued reports on ISRG shares. Canaccord Genuity increased their price objective on shares of Intuitive Surgical from $562.00 to $725.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. BTIG Research reiterated a “hold” rating on shares of Intuitive Surgical in a research note on Friday, April 17th. Deutsche Bank boosted their price objective on Intuitive Surgical from $500.00 to $600.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. UBS Group upped their price objective on Intuitive Surgical from $565.00 to $670.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Finally, Morgan Stanley lifted their target price on Intuitive Surgical from $602.00 to $735.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $660.67.

Shares of ISRG opened at $685.44 on Friday. The company’s fifty day moving average is $601.51 and its 200 day moving average is $554.82. Intuitive Surgical, Inc. has a fifty-two week low of $360.50 and a fifty-two week high of $704.00. The stock has a market capitalization of $80.21 billion, a PE ratio of 72.08, a P/E/G ratio of 11.93 and a beta of 0.93.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Tuesday, July 21st. The medical equipment provider reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.52. Intuitive Surgical had a net margin of 26.07% and a return on equity of 13.62%. The business had revenue of $852.10 million during the quarter, compared to analyst estimates of $675.15 million. During the same quarter last year, the business earned $3.25 earnings per share. Analysts anticipate that Intuitive Surgical, Inc. will post 7.17 earnings per share for the current 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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