Victory Capital Management Inc. boosted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,215 shares of the medical equipment provider’s stock after purchasing an additional 471 shares during the period. Victory Capital Management Inc.’s holdings in Intuitive Surgical were worth $42,916,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ISRG. Oregon Public Employees Retirement Fund raised its stake in shares of Intuitive Surgical by 31,963.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,679,377 shares of the medical equipment provider’s stock valued at $31,000 after acquiring an additional 14,633,595 shares during the last quarter. Norges Bank bought a new position in shares of Intuitive Surgical during the fourth quarter valued at $524,111,000. BlackRock Inc. raised its stake in shares of Intuitive Surgical by 7.3% during the fourth quarter. BlackRock Inc. now owns 8,327,815 shares of the medical equipment provider’s stock valued at $3,988,358,000 after acquiring an additional 569,388 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Intuitive Surgical by 40.5% during the fourth quarter. Jennison Associates LLC now owns 1,949,684 shares of the medical equipment provider’s stock valued at $933,743,000 after acquiring an additional 562,441 shares during the last quarter. Finally, Samlyn Capital LLC bought a new position in shares of Intuitive Surgical during the fourth quarter valued at $47,198,000. 84.85% of the stock is owned by institutional investors and hedge funds.

Shares of ISRG traded up $5.88 during trading hours on Thursday, hitting $493.23. 253,373 shares of the stock were exchanged, compared to its average volume of 781,577. Intuitive Surgical, Inc. has a fifty-two week low of $430.24 and a fifty-two week high of $589.32. The stock has a market cap of $57.15 billion, a PE ratio of 51.97, a price-to-earnings-growth ratio of 4.18 and a beta of 1.02.

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

Several equities analysts have recently issued reports on ISRG shares. Stifel Nicolaus dropped their price target on shares of Intuitive Surgical from $600.00 to $570.00 and set a “buy” rating for the company in a research note on Friday, January 25th. Citigroup dropped their price target on shares of Intuitive Surgical from $684.00 to $611.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Raymond James dropped their price target on shares of Intuitive Surgical from $630.00 to $610.00 and set an “outperform” rating for the company in a research note on Monday, April 22nd. Cantor Fitzgerald reiterated a “buy” rating and set a $620.00 price objective on shares of Intuitive Surgical in a research report on Friday, January 25th. Finally, Royal Bank of Canada set a $560.00 price objective on shares of Intuitive Surgical and gave the stock a “hold” rating in a research report on Thursday, February 28th. Two equities research 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. Intuitive Surgical has a consensus rating of “Buy” and a consensus target price of $576.82.

In other Intuitive Surgical news, VP Jamie Samath sold 2,236 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $547.36, for a total value of $1,223,896.96. Following the completion of the sale, the vice president now directly owns 636 shares in the company, valued at $348,120.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Salvatore Brogna sold 2,090 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $551.79, for a total transaction of $1,153,241.10. The disclosure for this sale can be found here. Insiders sold 32,266 shares of company stock valued at $16,451,271 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.

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About Intuitive Surgical

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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