Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by Columbia Partners L L C Investment Management

Columbia Partners L L C Investment Management lowered its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 45.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 508 shares of the medical equipment provider’s stock after selling 424 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in Intuitive Surgical were worth $531,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in Intuitive Surgical by 0.5% in the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 370 shares of the medical equipment provider’s stock worth $346,000 after purchasing an additional 2 shares during the period. Chilton Investment Co. LLC boosted its stake in Intuitive Surgical by 0.4% in the 2nd quarter. Chilton Investment Co. LLC now owns 502 shares of the medical equipment provider’s stock worth $470,000 after purchasing an additional 2 shares during the period. Alps Advisors Inc. boosted its stake in Intuitive Surgical by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 647 shares of the medical equipment provider’s stock worth $605,000 after purchasing an additional 2 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of Intuitive Surgical by 1.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 284 shares of the medical equipment provider’s stock valued at $266,000 after acquiring an additional 4 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in shares of Intuitive Surgical by 1.4% during the 2nd quarter. Wetherby Asset Management Inc. now owns 361 shares of the medical equipment provider’s stock valued at $338,000 after acquiring an additional 5 shares during the last quarter. 32.81% of the stock is owned by institutional investors.

Intuitive Surgical, Inc. (NASDAQ:ISRG) traded down $26.71 during trading hours on Monday, reaching $369.95. The company had a trading volume of 2,158,803 shares, compared to its average volume of 970,224. The company has a market cap of $44,444.88, a P/E ratio of 52.49, a price-to-earnings-growth ratio of 5.51 and a beta of 0.48. Intuitive Surgical, Inc. has a one year low of $203.57 and a one year high of $405.05.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.78. The company had revenue of $806.10 million during the quarter, compared to the consensus estimate of $753.25 million. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. Intuitive Surgical’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.06 EPS. sell-side analysts forecast that Intuitive Surgical, Inc. will post 7.85 EPS for the current fiscal year.

A number of analysts have recently issued reports on the company. Vetr upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $113.37 price target for the company in a research report on Thursday, August 17th. Wedbush reiterated a “buy” rating on shares of Intuitive Surgical in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $436.00 price target for the company in a research report on Tuesday, November 14th. Royal Bank Of Canada reiterated a “hold” rating and set a $333.33 price target on shares of Intuitive Surgical in a research report on Friday, September 1st. Finally, Canaccord Genuity reiterated a “hold” rating on shares of Intuitive Surgical in a research report on Tuesday, October 17th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $155.78.

In other Intuitive Surgical news, SVP Mark J. Meltzer sold 500 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $1,025.00, for a total value of $512,500.00. Following the transaction, the senior vice president now directly owns 2,796 shares of the company’s stock, valued at approximately $2,865,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark J. Meltzer sold 3,000 shares of Intuitive Surgical stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $400.00, for a total value of $1,200,000.00. Following the completion of the transaction, the senior vice president now directly owns 9,888 shares in the company, valued at $3,955,200. The disclosure for this sale can be found here. Insiders sold a total of 56,444 shares of company stock worth $21,945,471 over the last ninety days. Insiders own 2.20% of the company’s stock.

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Intuitive Surgical Company 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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