D.A. Davidson & CO. increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 126.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,556 shares of the medical equipment provider’s stock after purchasing an additional 1,984 shares during the quarter. D.A. Davidson & CO.’s holdings in Intuitive Surgical were worth $1,298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ausdal Financial Partners Inc. raised its position in Intuitive Surgical by 186.8% in the fourth quarter. Ausdal Financial Partners Inc. now owns 654 shares of the medical equipment provider’s stock worth $239,000 after acquiring an additional 426 shares in the last quarter. Chartwell Investment Partners LLC raised its position in Intuitive Surgical by 118.4% in the fourth quarter. Chartwell Investment Partners LLC now owns 2,378 shares of the medical equipment provider’s stock worth $868,000 after acquiring an additional 1,289 shares in the last quarter. Intrust Bank NA raised its position in Intuitive Surgical by 207.8% in the fourth quarter. Intrust Bank NA now owns 2,706 shares of the medical equipment provider’s stock worth $988,000 after acquiring an additional 1,827 shares in the last quarter. Advisory Services Network LLC raised its position in Intuitive Surgical by 187.4% in the fourth quarter. Advisory Services Network LLC now owns 7,156 shares of the medical equipment provider’s stock worth $2,612,000 after acquiring an additional 4,666 shares in the last quarter. Finally, Global X Management Co. LLC raised its position in Intuitive Surgical by 575.3% in the fourth quarter. Global X Management Co. LLC now owns 305,985 shares of the medical equipment provider’s stock worth $111,666,000 after acquiring an additional 260,672 shares in the last quarter. 87.85% of the stock is owned by hedge funds and other institutional investors.

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Intuitive Surgical, Inc. (NASDAQ ISRG) opened at $441.95 on Friday. Intuitive Surgical, Inc. has a 52-week low of $246.50 and a 52-week high of $452.00. The firm has a market capitalization of $49,970.00, a price-to-earnings ratio of 51.87, a PEG ratio of 5.24 and a beta of 0.51.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results 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. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The business had revenue of $892.40 million during the quarter, compared to analysts’ expectations of $866.54 million. During the same quarter last year, the business posted $2.03 earnings per share. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. analysts forecast that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current fiscal year.

Several research firms have issued reports on ISRG. BidaskClub upgraded Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. Barclays reiterated an “overweight” rating and issued a $465.00 price objective on shares of Intuitive Surgical in a research report on Thursday, January 11th. Citigroup cut their price objective on Intuitive Surgical to $507.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Cantor Fitzgerald reiterated a “buy” rating and issued a $490.00 price objective on shares of Intuitive Surgical in a research report on Friday, January 26th. Finally, Vetr upgraded Intuitive Surgical from a “buy” rating to a “strong-buy” rating and set a $443.17 price objective for the company in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $408.76.

In related news, Director Mark J. Rubash sold 1,000 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $420.01, for a total transaction of $420,010.00. Following the sale, the director now owns 4,453 shares of the company’s stock, valued at $1,870,304.53. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary S. Guthart sold 28,525 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $414.50, for a total value of $11,823,612.50. Following the sale, the chief executive officer now directly owns 311,469 shares in the company, valued at approximately $129,103,900.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,770 shares of company stock worth $43,410,836. Corporate insiders own 2.20% of the company’s stock.

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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.

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

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