Intuitive Surgical, Inc. (ISRG) Stake Raised by Virtu Financial LLC

Virtu Financial LLC grew its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 493.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,799 shares of the medical equipment provider’s stock after purchasing an additional 3,990 shares during the quarter. Virtu Financial LLC’s holdings in Intuitive Surgical were worth $1,752,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of Intuitive Surgical by 3,670.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,885 shares of the medical equipment provider’s stock valued at $688,000 after purchasing an additional 1,835 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Intuitive Surgical by 192.2% in the 4th quarter. UBS Asset Management Americas Inc. now owns 420,937 shares of the medical equipment provider’s stock valued at $153,617,000 after purchasing an additional 276,878 shares in the last quarter. BlackRock Inc. raised its stake in shares of Intuitive Surgical by 197.3% in the 4th quarter. BlackRock Inc. now owns 7,949,410 shares of the medical equipment provider’s stock valued at $2,901,058,000 after purchasing an additional 5,275,323 shares in the last quarter. Schroder Investment Management Group raised its stake in Intuitive Surgical by 57.9% during the fourth quarter. Schroder Investment Management Group now owns 23,942 shares of the medical equipment provider’s stock worth $8,738,000 after acquiring an additional 8,777 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Intuitive Surgical by 170.0% during the fourth quarter. Bank of New York Mellon Corp now owns 3,646,522 shares of the medical equipment provider’s stock worth $1,330,761,000 after acquiring an additional 2,295,998 shares during the period. Institutional investors and hedge funds own 61.59% of the company’s stock.

Intuitive Surgical, Inc. (ISRG) opened at $415.98 on Tuesday. Intuitive Surgical, Inc. has a 1 year low of $239.21 and a 1 year high of $452.00. The company has a market cap of $46,710.00, a PE ratio of 73.24, a price-to-earnings-growth ratio of 4.90 and a beta of 0.50.

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

Several equities research analysts recently weighed in on the stock. Barclays reiterated an “overweight” rating and set a $465.00 price objective on shares of Intuitive Surgical in a research note on Thursday, January 11th. BidaskClub upgraded shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. Citigroup dropped their price objective on shares of Intuitive Surgical to $507.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Vetr upgraded shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating and set a $443.17 price objective on the stock in a research note on Thursday, February 8th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $490.00 price objective on shares of Intuitive Surgical in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Intuitive Surgical has a consensus rating of “Buy” and a consensus target price of $408.48.

In other news, Director Mark J. Rubash sold 6,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $395.95, for a total value of $2,375,700.00. Following the completion of the transaction, the director now directly owns 5,453 shares in the company, valued at $2,159,115.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Curet Myriam sold 262 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $431.50, for a total transaction of $113,053.00. Following the completion of the transaction, the executive vice president now owns 2,152 shares of the company’s stock, valued at $928,588. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,016 shares of company stock valued at $32,750,186. 2.20% of the stock is owned by insiders.

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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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