Landscape Capital Management L.L.C. Has $3.69 Million Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Landscape Capital Management L.L.C. raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 356.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,030 shares of the medical equipment provider’s stock after buying an additional 5,491 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Intuitive Surgical were worth $3,688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ISRG. Thoroughbred Financial Services LLC grew its holdings in shares of Intuitive Surgical by 101,543.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 864,982 shares of the medical equipment provider’s stock worth $86,498,000 after purchasing an additional 864,131 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Intuitive Surgical by 37.4% during the 1st quarter. Jennison Associates LLC now owns 2,679,394 shares of the medical equipment provider’s stock worth $1,528,809,000 after purchasing an additional 729,710 shares in the last quarter. FMR LLC grew its holdings in shares of Intuitive Surgical by 7.3% during the 1st quarter. FMR LLC now owns 6,807,862 shares of the medical equipment provider’s stock worth $3,884,429,000 after purchasing an additional 462,957 shares in the last quarter. GQG Partners LLC grew its holdings in shares of Intuitive Surgical by 171.0% during the 1st quarter. GQG Partners LLC now owns 278,946 shares of the medical equipment provider’s stock worth $158,704,000 after purchasing an additional 176,007 shares in the last quarter. Finally, GWM Advisors LLC grew its holdings in shares of Intuitive Surgical by 22,531.8% during the 1st quarter. GWM Advisors LLC now owns 148,691 shares of the medical equipment provider’s stock worth $4,780,000 after purchasing an additional 148,034 shares in the last quarter. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

In other Intuitive Surgical news, SVP Reiter Kara Andersen sold 4,120 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $540.00, for a total value of $2,224,800.00. Following the completion of the transaction, the senior vice president now directly owns 7,838 shares in the company, valued at $4,232,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Salvatore Brogna sold 1,172 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $500.60, for a total value of $586,703.20. Following the completion of the transaction, the chief operating officer now owns 5,933 shares of the company’s stock, valued at $2,970,059.80. The disclosure for this sale can be found here. Insiders sold 25,655 shares of company stock valued at $13,552,920 over the last quarter. Corporate insiders own 1.70% of the company’s stock.

Shares of ISRG stock traded up $0.71 on Thursday, hitting $501.17. 18,256 shares of the company’s stock were exchanged, compared to its average volume of 640,121. Intuitive Surgical, Inc. has a 12 month low of $430.24 and a 12 month high of $589.32. The company has a market capitalization of $58.77 billion, a PE ratio of 52.69, a P/E/G ratio of 3.79 and a beta of 1.12. The stock’s 50 day moving average is $524.60.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, July 18th. The medical equipment provider reported $3.25 EPS for the quarter, beating the consensus estimate of $2.23 by $1.02. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. Intuitive Surgical had a return on equity of 17.35% and a net margin of 29.95%. The business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period last year, the company earned $2.76 earnings per share. On average, equities research analysts anticipate that Intuitive Surgical, Inc. will post 10.15 EPS for the current fiscal year.

Several analysts have recently issued reports on ISRG shares. BidaskClub raised Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th. Citigroup reduced their target price on Intuitive Surgical from $611.00 to $575.00 and set a “buy” rating on the stock in a report on Tuesday, May 14th. BTIG Research reissued a “hold” rating on shares of Intuitive Surgical in a report on Sunday, April 21st. Northland Securities set a $375.00 target price on Intuitive Surgical and gave the stock a “sell” rating in a report on Friday, July 19th. Finally, Piper Jaffray Companies increased their target price on Intuitive Surgical from $610.00 to $633.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $579.92.

Intuitive Surgical 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.

Further Reading: Buy Rating

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

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