SVA Plumb Wealth Management LLC Has $6.75 Million Position in Intuitive Surgical, Inc. (ISRG)

SVA Plumb Wealth Management LLC increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 200.9% in the fourth quarter, Holdings Channel reports. The firm owned 18,494 shares of the medical equipment provider’s stock after buying an additional 12,347 shares during the period. SVA Plumb Wealth Management LLC’s holdings in Intuitive Surgical were worth $6,749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. raised its stake in Intuitive Surgical by 197.3% in the fourth quarter. BlackRock Inc. now owns 7,949,410 shares of the medical equipment provider’s stock valued at $2,901,058,000 after buying an additional 5,275,323 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Intuitive Surgical by 170.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,646,522 shares of the medical equipment provider’s stock valued at $1,330,761,000 after buying an additional 2,295,998 shares during the last quarter. Edgewood Management LLC raised its stake in Intuitive Surgical by 200.7% in the third quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock valued at $1,010,359,000 after buying an additional 1,934,382 shares during the last quarter. American Century Companies Inc. raised its stake in Intuitive Surgical by 162.2% in the fourth quarter. American Century Companies Inc. now owns 1,426,348 shares of the medical equipment provider’s stock valued at $520,531,000 after buying an additional 882,255 shares during the last quarter. Finally, Brown Advisory Inc. raised its stake in Intuitive Surgical by 174.4% in the fourth quarter. Brown Advisory Inc. now owns 1,363,822 shares of the medical equipment provider’s stock valued at $497,713,000 after buying an additional 866,717 shares during the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

A number of research firms have commented on ISRG. Stifel Nicolaus reiterated a “buy” rating and issued a $480.00 price target (up from $400.00) on shares of Intuitive Surgical in a research note on Thursday, January 25th. Citigroup reiterated a “buy” rating and issued a $531.00 price target on shares of Intuitive Surgical in a research note on Friday, January 26th. Cantor Fitzgerald reiterated a “buy” rating and issued a $490.00 price target on shares of Intuitive Surgical in a research note on Friday, January 26th. Piper Jaffray Companies reiterated a “hold” rating on shares of Intuitive Surgical in a research note on Friday, January 26th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $410.00 price target (up from $380.00) on shares of Intuitive Surgical in a research note on Friday, January 26th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $408.48.

In related news, COO Salvatore Brogna sold 6,082 shares of the firm’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 sale, the chief operating officer now directly owns 3,096 shares of the company’s stock, valued at $1,231,000.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mark J. Meltzer sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $419.98, for a total value of $2,519,880.00. Following the sale, the senior vice president now directly owns 11,552 shares in the company, valued at $4,851,608.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,877 shares of company stock worth $35,631,764. 2.20% of the stock is owned by corporate insiders.

Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at $419.79 on Friday. The firm has a market capitalization of $46,779.06, a PE ratio of 73.91, a PEG ratio of 4.96 and a beta of 0.50. Intuitive Surgical, Inc. has a 1-year low of $242.26 and a 1-year high of $452.00.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.27. The business had revenue of $892.40 million for the quarter, compared to analyst estimates of $866.54 million. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The company’s revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.03 earnings per share. research analysts anticipate that Intuitive Surgical, Inc. will post 7.85 EPS for the current fiscal 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.

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

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