Atlantic Trust Group LLC Takes $80.53 Million Position in Intuitive Surgical, Inc. (ISRG)

Atlantic Trust Group LLC bought a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 77,000 shares of the medical equipment provider’s stock, valued at approximately $80,533,000. Atlantic Trust Group LLC owned 0.07% of Intuitive Surgical at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. ETF Managers Group LLC bought a new position in shares of Intuitive Surgical in the 2nd quarter worth about $110,000. Harvest Fund Management Co. Ltd bought a new stake in Intuitive Surgical during the 2nd quarter valued at about $120,000. Parallel Advisors LLC increased its stake in Intuitive Surgical by 3.9% during the 2nd quarter. Parallel Advisors LLC now owns 159 shares of the medical equipment provider’s stock valued at $149,000 after purchasing an additional 6 shares in the last quarter. Lincoln National Corp bought a new stake in Intuitive Surgical during the 3rd quarter valued at about $200,000. Finally, MUFG Americas Holdings Corp bought a new stake in Intuitive Surgical during the 3rd quarter valued at about $208,000. 32.80% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the stock. BidaskClub upgraded shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Barclays reiterated an “overweight” rating and issued a $465.00 price target on shares of Intuitive Surgical in a research note on Thursday. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $409.00 price target for the company in a research note on Wednesday, January 3rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $410.00 price objective on shares of Intuitive Surgical in a report on Friday, January 5th. Finally, Vetr raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $434.75 price objective on the stock in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Intuitive Surgical presently has a consensus rating of “Buy” and a consensus target price of $357.44.

In other news, SVP Curet Myriam sold 262 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $373.00, for a total transaction of $97,726.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Salvatore Brogna sold 6,082 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $397.61, for a total transaction of $2,418,264.02. Following the completion of the sale, the chief operating officer now directly owns 3,096 shares of the company’s stock, valued at $1,231,000.56. The disclosure for this sale can be found here. Insiders have sold 55,944 shares of company stock valued at $21,432,971 over the last three months. Insiders own 2.20% of the company’s stock.

Shares of Intuitive Surgical, Inc. (ISRG) traded down $2.33 on Friday, reaching $419.04. 932,437 shares of the company traded hands, compared to its average volume of 1,050,000. Intuitive Surgical, Inc. has a 12 month low of $217.19 and a 12 month high of $426.98. The company has a market capitalization of $46,950.00, a PE ratio of 54.14, a PEG ratio of 5.68 and a beta of 0.47.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.78. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The company had revenue of $806.10 million for the quarter, compared to analysts’ expectations of $753.25 million. During the same quarter in the previous year, the business posted $2.06 earnings per share. Intuitive Surgical’s quarterly revenue was up 18.0% on a year-over-year basis. sell-side analysts expect that Intuitive Surgical, Inc. will post 7.93 EPS for the current year.

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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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