Moseley Investment Management Inc. bought a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) in the second quarter, Holdings Channel.com reports. The institutional investor bought 388 shares of the medical equipment provider’s stock, valued at approximately $204,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Buffington Mohr McNeal acquired a new stake in shares of Intuitive Surgical during the first quarter worth about $86,000. Signaturefd LLC lifted its holdings in shares of Intuitive Surgical by 17.6% during the first quarter. Signaturefd LLC now owns 641 shares of the medical equipment provider’s stock worth $366,000 after purchasing an additional 96 shares during the period. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Intuitive Surgical by 1.6% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 19,588 shares of the medical equipment provider’s stock worth $11,177,000 after purchasing an additional 300 shares during the period. Washington Trust Bank lifted its holdings in shares of Intuitive Surgical by 192.3% during the first quarter. Washington Trust Bank now owns 114 shares of the medical equipment provider’s stock worth $65,000 after purchasing an additional 75 shares during the period. Finally, Covenant Asset Management LLC lifted its holdings in shares of Intuitive Surgical by 1.9% during the first quarter. Covenant Asset Management LLC now owns 3,982 shares of the medical equipment provider’s stock worth $2,272,000 after purchasing an additional 76 shares during the period. 85.58% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on ISRG shares. ValuEngine raised Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday, July 12th. UBS Group set a $260.00 target price on Boston Beer and gave the stock a “sell” rating in a report on Friday, July 19th. Citigroup raised China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a report on Tuesday, May 14th. BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Finally, Cantor Fitzgerald set a $620.00 price target on Intuitive Surgical and gave the company a “buy” rating in a report on Friday, July 19th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Intuitive Surgical has a consensus rating of “Hold” and an average target price of $579.92.

In other news, SVP Reiter Kara Andersen sold 4,120 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 7,838 shares in the company, valued at $4,232,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary S. Guthart sold 22,636 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $501.48, for a total value of $11,351,501.28. Following the completion of the sale, the chief executive officer now owns 386,866 shares of the company’s stock, valued at $194,005,561.68. The disclosure for this sale can be found here. Insiders sold 33,518 shares of company stock valued at $17,124,771 over the last three months. 1.70% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:ISRG opened at $527.63 on Friday. Intuitive Surgical, Inc. has a 12-month low of $430.24 and a 12-month high of $589.32. The firm has a market capitalization of $60.81 billion, a P/E ratio of 55.60, a PEG ratio of 3.92 and a beta of 1.08. The firm has a 50 day moving average of $522.65.

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

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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