State of Alaska Department of Revenue Decreases Position in Intuitive Surgical, Inc. (ISRG)

State of Alaska Department of Revenue cut its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,145 shares of the medical equipment provider’s stock after selling 187 shares during the quarter. State of Alaska Department of Revenue’s holdings in Intuitive Surgical were worth $11,561,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. FMR LLC grew its holdings in shares of Intuitive Surgical by 19.2% during the second quarter. FMR LLC now owns 6,629,648 shares of the medical equipment provider’s stock worth $3,172,155,000 after buying an additional 1,068,107 shares in the last quarter. Edgewood Management LLC grew its holdings in shares of Intuitive Surgical by 2.5% during the second quarter. Edgewood Management LLC now owns 2,460,784 shares of the medical equipment provider’s stock worth $1,177,436,000 after buying an additional 61,059 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Intuitive Surgical by 1.8% during the second quarter. American Century Companies Inc. now owns 1,422,488 shares of the medical equipment provider’s stock worth $680,632,000 after buying an additional 25,201 shares in the last quarter. Morgan Stanley grew its holdings in shares of Intuitive Surgical by 88.1% during the second quarter. Morgan Stanley now owns 1,301,299 shares of the medical equipment provider’s stock worth $622,646,000 after buying an additional 609,465 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Intuitive Surgical by 3.2% during the first quarter. Legal & General Group Plc now owns 598,332 shares of the medical equipment provider’s stock worth $246,952,000 after buying an additional 18,708 shares in the last quarter. Institutional investors and hedge funds own 84.80% of the company’s stock.

In other news, Director Lonnie M. Smith sold 56,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 24th. The stock was sold at an average price of $523.37, for a total value of $29,308,720.00. Following the completion of the sale, the director now directly owns 11,874 shares of the company’s stock, valued at $6,214,495.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Salvatore Brogna sold 2,652 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $557.39, for a total value of $1,478,198.28. Following the completion of the sale, the chief operating officer now directly owns 2,049 shares of the company’s stock, valued at $1,142,092.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,463 shares of company stock valued at $57,194,982. Insiders own 2.20% of the company’s stock.

A number of research analysts recently issued reports on ISRG shares. Piper Jaffray Companies upgraded Intuitive Surgical from a “neutral” rating to an “overweight” rating and set a $600.00 price objective for the company in a report on Tuesday. Wells Fargo & Co increased their price target on Intuitive Surgical from $575.00 to $635.00 and gave the company an “outperform” rating in a research report on Wednesday, September 12th. Bank of America increased their price target on Intuitive Surgical from $510.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, July 17th. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $582.00 price target for the company in a research report on Tuesday, July 24th. Finally, Goldman Sachs Group increased their price target on Intuitive Surgical from $540.00 to $630.00 and gave the company a “buy” rating in a research report on Friday, July 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $537.12.

Shares of NASDAQ ISRG opened at $512.21 on Thursday. Intuitive Surgical, Inc. has a 52 week low of $350.00 and a 52 week high of $581.12. The company has a market cap of $65.29 billion, a P/E ratio of 71.24, a P/E/G ratio of 4.20 and a beta of 0.89.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, July 19th. The medical equipment provider reported $2.76 EPS for the quarter, beating the consensus estimate of $2.02 by $0.74. Intuitive Surgical had a return on equity of 20.56% and a net margin of 23.20%. The firm had revenue of $909.30 million during the quarter, compared to analysts’ expectations of $877.43 million. During the same period in the prior year, the firm posted $5.95 earnings per share. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. Equities analysts predict that Intuitive Surgical, Inc. will post 9.31 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. The company's da Vinci surgical System translates a surgeon's natural 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.

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

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