Engineers Gate Manager LP Acquires 39,440 Shares of Intuitive Surgical, Inc. $ISRG

Engineers Gate Manager LP boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 298.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,668 shares of the medical equipment provider’s stock after purchasing an additional 39,440 shares during the period. Engineers Gate Manager LP’s holdings in Intuitive Surgical were worth $28,620,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Intuitive Surgical by 24.9% during the fourth quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider’s stock valued at $1,916,000 after buying an additional 731 shares during the period. Sit Investment Associates Inc. lifted its stake in Intuitive Surgical by 15.5% in the first quarter. Sit Investment Associates Inc. now owns 20,089 shares of the medical equipment provider’s stock worth $9,949,000 after acquiring an additional 2,694 shares during the period. Vestmark Advisory Solutions Inc. boosted its holdings in Intuitive Surgical by 95.0% in the first quarter. Vestmark Advisory Solutions Inc. now owns 17,144 shares of the medical equipment provider’s stock valued at $8,491,000 after acquiring an additional 8,350 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in Intuitive Surgical by 0.9% in the first quarter. Kovitz Investment Group Partners LLC now owns 7,847 shares of the medical equipment provider’s stock valued at $3,887,000 after acquiring an additional 72 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Intuitive Surgical by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 574,954 shares of the medical equipment provider’s stock worth $284,746,000 after purchasing an additional 8,521 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Argus lifted their target price on shares of Intuitive Surgical from $600.00 to $630.00 in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Intuitive Surgical in a report on Friday, August 22nd. Rothschild & Co Redburn lifted their price objective on Intuitive Surgical from $610.00 to $615.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Hsbc Global Res upgraded Intuitive Surgical to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $685.00 target price on shares of Intuitive Surgical in a research note on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $608.79.

Intuitive Surgical Stock Performance

ISRG stock opened at $542.32 on Friday. The firm has a 50 day moving average price of $529.62 and a 200-day moving average price of $506.00. Intuitive Surgical, Inc. has a 52-week low of $425.00 and a 52-week high of $616.00. The firm has a market capitalization of $194.41 billion, a price-to-earnings ratio of 71.74, a PEG ratio of 5.03 and a beta of 1.68.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.41. The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.41 billion. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter last year, the company earned $1.84 EPS. As a group, sell-side analysts forecast that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Brian Edward Miller sold 3,500 shares of Intuitive Surgical stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $575.00, for a total value of $2,012,500.00. Following the completion of the transaction, the executive vice president owned 5,758 shares of the company’s stock, valued at $3,310,850. The trade was a 37.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary S. Guthart sold 28,800 shares of the stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $547.56, for a total transaction of $15,769,728.00. Following the sale, the insider directly owned 27,027 shares in the company, valued at $14,798,904.12. This trade represents a 51.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 109,043 shares of company stock valued at $60,816,225. 0.70% of the stock is currently owned by insiders.

About Intuitive Surgical

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.