Tompkins Financial Corp lifted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 19.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,952 shares of the medical equipment provider’s stock after purchasing an additional 313 shares during the period. Tompkins Financial Corp’s holdings in Intuitive Surgical were worth $1,024,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in Intuitive Surgical by 1.2% during the first quarter. BlackRock Inc. now owns 8,424,675 shares of the medical equipment provider’s stock worth $4,806,951,000 after purchasing an additional 96,860 shares during the period. FMR LLC grew its stake in shares of Intuitive Surgical by 7.3% during the first quarter. FMR LLC now owns 6,807,862 shares of the medical equipment provider’s stock worth $3,884,429,000 after buying an additional 462,957 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Intuitive Surgical by 37.4% during the first quarter. Jennison Associates LLC now owns 2,679,394 shares of the medical equipment provider’s stock worth $1,528,809,000 after buying an additional 729,710 shares during the last quarter. Northern Trust Corp grew its stake in shares of Intuitive Surgical by 1.1% during the first quarter. Northern Trust Corp now owns 1,342,116 shares of the medical equipment provider’s stock worth $765,784,000 after buying an additional 14,460 shares during the last quarter. Finally, Thoroughbred Financial Services LLC grew its stake in shares of Intuitive Surgical by 101,543.0% during the second quarter. Thoroughbred Financial Services LLC now owns 864,982 shares of the medical equipment provider’s stock worth $86,498,000 after buying an additional 864,131 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on the stock. UBS Group set a $260.00 target price on shares of Boston Beer and gave the stock a “sell” rating in a research note on Friday, July 19th. Piper Jaffray Companies set a $175.00 price objective on shares of Wayfair and gave the stock a “buy” rating in a research note on Friday, July 19th. Raymond James reissued a “buy” rating on shares of West Fraser Timber in a research note on Monday, April 22nd. BTIG Research reissued a “hold” rating on shares of Intuitive Surgical in a research note on Sunday, April 21st. Finally, Canaccord Genuity reissued a “buy” rating on shares of Wheaton Precious Metals in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $579.92.

ISRG stock traded down $4.06 during midday trading on Friday, hitting $527.63. The stock had a trading volume of 459,114 shares, compared to its average volume of 621,832. The firm has a market cap of $60.81 billion, a price-to-earnings ratio of 55.60, a P/E/G ratio of 3.92 and a beta of 1.08. Intuitive Surgical, Inc. has a 1-year low of $430.24 and a 1-year high of $589.32. The company’s fifty day moving average price is $522.65.

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

In related news, SVP Reiter Kara Andersen sold 4,120 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $540.00, for a total value of $2,224,800.00. Following the transaction, the senior vice president now owns 7,838 shares in the company, valued at $4,232,520. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gary S. Guthart sold 22,636 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $501.48, for a total transaction of $11,351,501.28. Following the completion of the transaction, the chief executive officer now owns 386,866 shares in the company, valued at approximately $194,005,561.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,518 shares of company stock worth $17,124,771. 1.70% of the stock is owned by company insiders.

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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