Intuitive Surgical, Inc. (ISRG) Shares Bought by Chicago Equity Partners LLC

Chicago Equity Partners LLC grew its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 27.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,560 shares of the medical equipment provider’s stock after purchasing an additional 2,685 shares during the quarter. Chicago Equity Partners LLC’s holdings in Intuitive Surgical were worth $7,209,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. IFM Investors Pty Ltd grew its stake in Intuitive Surgical by 45.8% in the 2nd quarter. IFM Investors Pty Ltd now owns 5,077 shares of the medical equipment provider’s stock worth $2,429,000 after acquiring an additional 1,596 shares during the period. Fisher Asset Management LLC grew its stake in Intuitive Surgical by 54.3% in the 2nd quarter. Fisher Asset Management LLC now owns 907 shares of the medical equipment provider’s stock worth $434,000 after acquiring an additional 319 shares during the period. KAMES CAPITAL plc grew its stake in Intuitive Surgical by 37.2% in the 2nd quarter. KAMES CAPITAL plc now owns 85,245 shares of the medical equipment provider’s stock worth $40,765,000 after acquiring an additional 23,094 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Intuitive Surgical by 210.8% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,367 shares of the medical equipment provider’s stock worth $2,568,000 after acquiring an additional 3,640 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in Intuitive Surgical by 15.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 20,332 shares of the medical equipment provider’s stock worth $9,726,000 after acquiring an additional 2,740 shares during the period. 84.16% of the stock is owned by hedge funds and other institutional investors.

Shares of ISRG opened at $507.40 on Tuesday. The firm has a market capitalization of $58.95 billion, a price-to-earnings ratio of 58.00, a P/E/G ratio of 3.47 and a beta of 1.02. Intuitive Surgical, Inc. has a fifty-two week low of $359.75 and a fifty-two week high of $581.12.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.66 by $0.17. The company had revenue of $920.90 million for the quarter, compared to analyst estimates of $916.22 million. Intuitive Surgical had a net margin of 22.31% and a return on equity of 18.79%. Intuitive Surgical’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the business earned $2.77 EPS. Equities research analysts expect that Intuitive Surgical, Inc. will post 9.52 earnings per share for the current year.

Several analysts have commented on the stock. BidaskClub cut shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 31st. Citigroup lifted their target price on shares of Intuitive Surgical from $561.00 to $592.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Stifel Nicolaus lifted their target price on shares of Intuitive Surgical from $515.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $575.00 target price on shares of Intuitive Surgical in a research note on Friday, July 20th. Finally, Royal Bank of Canada set a $550.00 target price on shares of Intuitive Surgical and gave the stock a “hold” rating in a research note on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $554.64.

In other Intuitive Surgical news, EVP David J. Rosa sold 32,500 shares of Intuitive Surgical stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $500.86, for a total value of $16,277,950.00. Following the transaction, the executive vice president now owns 44,208 shares in the company, valued at approximately $22,142,018.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark J. Rubash sold 150 shares of Intuitive Surgical stock in a transaction on Monday, August 27th. The shares were sold at an average price of $543.66, for a total transaction of $81,549.00. Following the transaction, the director now owns 4,116 shares in the company, valued at approximately $2,237,704.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,086 shares of company stock worth $24,023,337. 2.20% of the stock is owned by company insiders.

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Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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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