Intuitive Surgical, Inc. (ISRG) Stake Reduced by Cleararc Capital Inc.

Cleararc Capital Inc. lowered its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 947 shares of the company’s stock after selling 6 shares during the period. Cleararc Capital Inc.’s holdings in Intuitive Surgical were worth $601,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Gerstein Fisher raised its position in shares of Intuitive Surgical by 0.4% in the third quarter. Gerstein Fisher now owns 1,119 shares of the company’s stock valued at $811,000 after buying an additional 4 shares during the last quarter. Atria Investments LLC raised its stake in Intuitive Surgical by 1.3% in the third quarter. Atria Investments LLC now owns 462 shares of the company’s stock valued at $335,000 after buying an additional 6 shares in the last quarter. Rothschild Asset Management Inc. raised its stake in Intuitive Surgical by 1.1% in the third quarter. Rothschild Asset Management Inc. now owns 847 shares of the company’s stock valued at $614,000 after buying an additional 9 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in Intuitive Surgical by 0.3% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,893 shares of the company’s stock valued at $2,096,000 after buying an additional 9 shares in the last quarter. Finally, LaFleur & Godfrey LLC raised its stake in Intuitive Surgical by 1.7% in the second quarter. LaFleur & Godfrey LLC now owns 605 shares of the company’s stock valued at $400,000 after buying an additional 10 shares in the last quarter. Institutional investors own 91.39% of the company’s stock.

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

Intuitive Surgical, Inc. (NASDAQ:ISRG) traded up 0.02% during trading on Friday, reaching $705.52. 268,841 shares of the company’s stock were exchanged. Intuitive Surgical, Inc. has a 52 week low of $525.64 and a 52 week high of $727.25. The stock has a market capitalization of $27.36 billion, a price-to-earnings ratio of 37.67 and a beta of 0.55. The company’s 50 day moving average price is $669.23 and its 200-day moving average price is $675.20.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Tuesday, January 24th. The company reported $6.09 EPS for the quarter, topping analysts’ consensus estimates of $5.99 by $0.10. Intuitive Surgical had a net margin of 27.21% and a return on equity of 14.24%. The company had revenue of $757 million for the quarter, compared to the consensus estimate of $739.65 million. During the same period in the previous year, the firm earned $5.89 EPS. Intuitive Surgical’s revenue was up 11.9% on a year-over-year basis. On average, equities analysts expect that Intuitive Surgical, Inc. will post $23.49 EPS for the current year.

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Several research firms have recently commented on ISRG. Canaccord Genuity increased their price target on shares of Intuitive Surgical from $750.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, October 19th. Wedbush reiterated an “outperform” rating and issued a $755.00 price target (down from $785.00) on shares of Intuitive Surgical in a research report on Wednesday, October 19th. RBC Capital Markets set a $760.00 price target on shares of Intuitive Surgical and gave the company a “hold” rating in a research report on Wednesday, October 19th. Royal Bank Of Canada increased their price target on shares of Intuitive Surgical from $750.00 to $760.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 19th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $760.00 price target (up from $750.00) on shares of Intuitive Surgical in a research report on Friday, October 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $731.97.

In other news, CFO Marshall Mohr sold 2,000 shares of Intuitive Surgical stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $700.00, for a total value of $1,400,000.00. Following the transaction, the chief financial officer now owns 3,289 shares of the company’s stock, valued at approximately $2,302,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Colin Morales sold 1,000 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $703.99, for a total transaction of $703,990.00. Following the completion of the transaction, the senior vice president now directly owns 1,124 shares in the company, valued at approximately $791,284.76. The disclosure for this sale can be found here. Insiders have sold a total of 12,475 shares of company stock worth $8,296,158 over the last 90 days. 3.10% of the stock is owned by insiders.

About Intuitive Surgical

Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s 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.

5 Day Chart for NASDAQ:ISRG

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