Lord Abbett & CO. LLC Buys 22,152 Shares of Intuitive Surgical, Inc. (ISRG)

Lord Abbett & CO. LLC increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 55.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 62,078 shares of the medical equipment provider’s stock after purchasing an additional 22,152 shares during the period. Lord Abbett & CO. LLC owned 0.17% of Intuitive Surgical worth $58,066,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stifel Financial Corp lifted its holdings in Intuitive Surgical by 11.2% during the 2nd quarter. Stifel Financial Corp now owns 8,356 shares of the medical equipment provider’s stock worth $7,837,000 after purchasing an additional 841 shares in the last quarter. Keybank National Association OH lifted its holdings in Intuitive Surgical by 26.7% during the 2nd quarter. Keybank National Association OH now owns 1,322 shares of the medical equipment provider’s stock worth $1,237,000 after purchasing an additional 279 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Intuitive Surgical by 9.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 449,917 shares of the medical equipment provider’s stock worth $420,839,000 after purchasing an additional 40,115 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Intuitive Surgical by 122.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 819 shares of the medical equipment provider’s stock worth $766,000 after purchasing an additional 450 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Intuitive Surgical by 3.3% during the 2nd quarter. Alliancebernstein L.P. now owns 690,780 shares of the medical equipment provider’s stock worth $646,135,000 after purchasing an additional 21,795 shares in the last quarter. 31.41% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Salvatore Brogna sold 899 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $1,001.90, for a total value of $900,708.10. Following the sale, the executive vice president now directly owns 570 shares in the company, valued at $571,083. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Mark J. Meltzer sold 500 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $1,025.00, for a total value of $512,500.00. Following the completion of the sale, the senior vice president now owns 2,796 shares in the company, valued at $2,865,900. The disclosure for this sale can be found here. Insiders sold 23,172 shares of company stock worth $21,923,487 over the last quarter. 2.20% of the stock is owned by company insiders.

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A number of analysts recently issued reports on the company. Canaccord Genuity reissued a “hold” rating and set a $332.00 price objective on shares of Intuitive Surgical in a report on Tuesday. Wells Fargo & Company reissued a “buy” rating on shares of Intuitive Surgical in a report on Monday. Wedbush reissued a “buy” rating on shares of Intuitive Surgical in a report on Tuesday, October 10th. Morgan Stanley reissued an “overweight” rating on shares of Intuitive Surgical in a report on Tuesday, September 5th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $333.33 price objective on shares of Intuitive Surgical in a report on Friday, September 1st. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Intuitive Surgical currently has a consensus rating of “Buy” and a consensus target price of $150.10.

Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) traded down 0.518% during trading on Thursday, hitting $352.535. The stock had a trading volume of 176,717 shares. The stock has a 50 day moving average of $348.94 and a 200 day moving average of $312.32. The company has a market cap of $39.29 billion, a PE ratio of 50.659 and a beta of 0.39. Intuitive Surgical, Inc. has a 12 month low of $203.57 and a 12 month high of $367.50.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, July 20th. The medical equipment provider reported $0.66 EPS for the quarter, topping analysts’ consen

Other institutional investors and hedge funds also recently modified their holdings of the company. Stifel Financial Corp lifted its holdings in Intuitive Surgical by 11.2% during the 2nd quarter. Stifel Financial Corp now owns 8,356 shares of the medical equipment provider’s stock worth $7,837,000 after purchasing an additional 841 shares in the last quarter. Keybank National Association OH lifted its holdings in Intuitive Surgical by 26.7% during the 2nd quarter. Keybank National Association OH now owns 1,322 shares of the medical equipment provider’s stock worth $1,237,000 after purchasing an additional 279 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Intuitive Surgical by 9.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 449,917 shares of the medical equipment provider’s stock worth $420,839,000 after purchasing an additional 40,115 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Intuitive Surgical by 122.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 819 shares of the medical equipment provider’s stock worth $766,000 after purchasing an additional 450 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Intuitive Surgical by 3.3% during the 2nd quarter. Alliancebernstein L.P. now owns 690,780 shares of the medical equipment provider’s stock worth $646,135,000 after purchasing an additional 21,795 shares in the last quarter. 31.41% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Salvatore Brogna sold 899 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $1,001.90, for a total value of $900,708.10. Following the sale, the executive vice president now directly owns 570 shares in the company, valued at $571,083. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Mark J. Meltzer sold 500 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $1,025.00, for a total value of $512,500.00. Following the completion of the sale, the senior vice president now owns 2,796 shares in the company, valued at $2,865,900. The disclosure for this sale can be found here. Insiders sold 23,172 shares of company stock worth $21,923,487 over the last quarter. 2.20% of the stock is owned by company insiders.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright law. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/19/lord-abbett-co-llc-buys-22152-shares-of-intuitive-surgical-inc-isrg.html.

A number of analysts recently issued reports on the company. Canaccord Genuity reissued a “hold” rating and set a $332.00 price objective on shares of Intuitive Surgical in a report on Tuesday. Wells Fargo & Company reissued a “buy” rating on shares of Intuitive Surgical in a report on Monday. Wedbush reissued a “buy” rating on shares of Intuitive Surgical in a report on Tuesday, October 10th. Morgan Stanley reissued an “overweight” rating on shares of Intuitive Surgical in a report on Tuesday, September 5th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $333.33 price objective on shares of Intuitive Surgical in a report on Friday, September 1st. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Intuitive Surgical currently has a consensus rating of “Buy” and a consensus target price of $150.10.

Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) traded down 0.518% during trading on Thursday, hitting $352.535. The stock had a trading volume of 176,717 shares. The stock has a 50 day moving average of $348.94 and a 200 day moving average of $312.32. The company has a market cap of $39.29 billion, a PE ratio of 50.659 and a beta of 0.39. Intuitive Surgical, Inc. has a 12 month low of $203.57 and a 12 month high of $367.50.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, July 20th. The medical equipment provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $756.20 million for the quarter, compared to the consensus estimate of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 earnings per share. Equities analysts forecast that Intuitive Surgical, Inc. will post $7.97 EPS for the current fiscal year.

Intuitive Surgical Profile

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.

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

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