Commonwealth Equity Services LLC Trims Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Commonwealth Equity Services LLC decreased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 12.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,315 shares of the medical equipment provider’s stock after selling 1,568 shares during the period. Commonwealth Equity Services LLC’s holdings in Intuitive Surgical were worth $6,456,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Buffington Mohr McNeal bought a new stake in shares of Intuitive Surgical in the 1st quarter valued at about $86,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of Intuitive Surgical by 7.2% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 19,288 shares of the medical equipment provider’s stock valued at $8,081,000 after acquiring an additional 1,300 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Intuitive Surgical in the 4th quarter valued at about $6,786,000. Signaturefd LLC increased its stake in shares of Intuitive Surgical by 17.6% in the 1st quarter. Signaturefd LLC now owns 641 shares of the medical equipment provider’s stock valued at $366,000 after acquiring an additional 96 shares during the last quarter. Finally, Larson Financial Group LLC bought a new stake in shares of Intuitive Surgical in the 4th quarter valued at about $91,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

In other Intuitive Surgical news, VP Jamie Samath sold 130 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $500.60, for a total transaction of $65,078.00. Following the completion of the transaction, the vice president now owns 219 shares of the company’s stock, valued at approximately $109,631.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Curet Myriam sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $493.26, for a total value of $1,085,172.00. Following the transaction, the executive vice president now directly owns 3,101 shares of the company’s stock, valued at approximately $1,529,599.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,621 shares of company stock valued at $13,828,454. Insiders own 1.70% of the company’s stock.

NASDAQ ISRG opened at $501.92 on Thursday. Intuitive Surgical, Inc. has a 52-week low of $430.24 and a 52-week high of $589.32. The company has a market cap of $58.48 billion, a P/E ratio of 52.89, a price-to-earnings-growth ratio of 4.42 and a beta of 1.06.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, April 18th. The medical equipment provider reported $2.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). Intuitive Surgical had a return on equity of 17.33% and a net margin of 29.78%. The business had revenue of $974.00 million for the quarter, compared to the consensus estimate of $975.27 million. During the same period in the previous year, the company posted $2.44 earnings per share. Intuitive Surgical’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, analysts anticipate that Intuitive Surgical, Inc. will post 9.4 earnings per share for the current year.

A number of analysts have recently commented on ISRG shares. BidaskClub cut Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 16th. Cantor Fitzgerald set a $620.00 price target on Intuitive Surgical and gave the company a “buy” rating in a research note on Thursday, April 4th. Deutsche Bank started coverage on Intuitive Surgical in a research note on Monday, April 1st. They issued a “buy” rating and a $630.00 price target for the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $575.00 price target (down from $610.00) on shares of Intuitive Surgical in a research note on Monday, April 22nd. Finally, Citigroup lowered their price target on Intuitive Surgical from $684.00 to $611.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $576.82.

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Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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

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