Intuitive Surgical, Inc. (ISRG) Stake Lifted by Nomura Holdings Inc.

Nomura Holdings Inc. lifted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 686.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,730 shares of the medical equipment provider’s stock after purchasing an additional 2,383 shares during the period. Nomura Holdings Inc.’s holdings in Intuitive Surgical were worth $2,543,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc increased its position in Intuitive Surgical by 4.8% in the 1st quarter. Legal & General Group Plc now owns 196,239 shares of the medical equipment provider’s stock valued at $150,415,000 after acquiring an additional 9,039 shares during the period. Utah Retirement Systems boosted its holdings in Intuitive Surgical by 1.4% in the 1st quarter. Utah Retirement Systems now owns 7,027 shares of the medical equipment provider’s stock valued at $5,386,000 after purchasing an additional 100 shares in the last quarter. TCW Group Inc. purchased a new stake in Intuitive Surgical in the 1st quarter valued at approximately $10,764,000. Simmons Bank purchased a new stake in Intuitive Surgical in the 1st quarter valued at approximately $2,355,000. Finally, Trustmark National Bank Trust Department boosted its holdings in Intuitive Surgical by 5.6% in the 1st quarter. Trustmark National Bank Trust Department now owns 2,649 shares of the medical equipment provider’s stock valued at $2,030,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 31.41% of the company’s stock.

In related news, Director Michael A. Friedman sold 1,000 shares of Intuitive Surgical stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $945.60, for a total value of $945,600.00. Following the completion of the sale, the director now owns 977 shares of the company’s stock, valued at approximately $923,851.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Salvatore Brogna sold 899 shares of Intuitive Surgical stock in a transaction on Friday, September 1st. The stock was sold at an average price of $1,001.90, for a total transaction of $900,708.10. Following the transaction, the executive vice president now directly owns 570 shares in the company, valued at $571,083. The disclosure for this sale can be found here. In the last three months, insiders sold 23,172 shares of company stock valued at $21,923,487. 2.20% of the stock is currently owned by insiders.

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Intuitive Surgical, Inc. (NASDAQ:ISRG) traded up 1.82% on Monday, hitting $376.31. 816,693 shares of the stock traded hands. Intuitive Surgical, Inc. has a 1-year low of $203.57 and a 1-year high of $1,094.55. The stock has a 50-day moving average price of $350.65 and a 200 day moving average price of $313.46. The company has a market cap of $41.94 billion, a price-to-earnings ratio of 54.08 and a beta of 0.39.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.78. The company had revenue of $806.10 million during the quarter, compared to analyst estimates of $753.25 million. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.34%. Intuitive Surgical’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 EPS. On average, analysts anticipate that Intuitive Surgical, Inc. will post $8.62 EPS for the current fiscal year.

A number of brokerages have weighed in on ISRG. Vetr raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $113.37 price objective on the stock in a report on Thursday, August 17th. Wedbush reissued a “buy” rating on shares of Intuitive Surgical in a research note on Tuesday, October 10th. Cantor Fitzgerald assumed coverage on Intuitive Surgical in a research note on Thursday, June 29th. They set a “neutral” rating and a $111.11 price target on the stock. Morgan Stanley reissued an “overweight” rating and set a $118.89 price target (up previously from $105.56) on shares of Intuitive Surgical in a research note on Tuesday, July 25th. Finally, Canaccord Genuity reissued a “hold” rating and set a $111.11 price target (up previously from $96.67) on shares of Intuitive Surgical in a research note on Wednesday, July 26th. Five investment analysts have rated the sto

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc increased its position in Intuitive Surgical by 4.8% in the 1st quarter. Legal & General Group Plc now owns 196,239 shares of the medical equipment provider’s stock valued at $150,415,000 after acquiring an additional 9,039 shares during the period. Utah Retirement Systems boosted its holdings in Intuitive Surgical by 1.4% in the 1st quarter. Utah Retirement Systems now owns 7,027 shares of the medical equipment provider’s stock valued at $5,386,000 after purchasing an additional 100 shares in the last quarter. TCW Group Inc. purchased a new stake in Intuitive Surgical in the 1st quarter valued at approximately $10,764,000. Simmons Bank purchased a new stake in Intuitive Surgical in the 1st quarter valued at approximately $2,355,000. Finally, Trustmark National Bank Trust Department boosted its holdings in Intuitive Surgical by 5.6% in the 1st quarter. Trustmark National Bank Trust Department now owns 2,649 shares of the medical equipment provider’s stock valued at $2,030,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 31.41% of the company’s stock.

In related news, Director Michael A. Friedman sold 1,000 shares of Intuitive Surgical stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $945.60, for a total value of $945,600.00. Following the completion of the sale, the director now owns 977 shares of the company’s stock, valued at approximately $923,851.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Salvatore Brogna sold 899 shares of Intuitive Surgical stock in a transaction on Friday, September 1st. The stock was sold at an average price of $1,001.90, for a total transaction of $900,708.10. Following the transaction, the executive vice president now directly owns 570 shares in the company, valued at $571,083. The disclosure for this sale can be found here. In the last three months, insiders sold 23,172 shares of company stock valued at $21,923,487. 2.20% of the stock is currently owned by insiders.

WARNING: This piece was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/23/nomura-holdings-inc-boosts-holdings-in-intuitive-surgical-inc-isrg.html.

Intuitive Surgical, Inc. (NASDAQ:ISRG) traded up 1.82% on Monday, hitting $376.31. 816,693 shares of the stock traded hands. Intuitive Surgical, Inc. has a 1-year low of $203.57 and a 1-year high of $1,094.55. The stock has a 50-day moving average price of $350.65 and a 200 day moving average price of $313.46. The company has a market cap of $41.94 billion, a price-to-earnings ratio of 54.08 and a beta of 0.39.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.78. The company had revenue of $806.10 million during the quarter, compared to analyst estimates of $753.25 million. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.34%. Intuitive Surgical’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 EPS. On average, analysts anticipate that Intuitive Surgical, Inc. will post $8.62 EPS for the current fiscal year.

A number of brokerages have weighed in on ISRG. Vetr raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $113.37 price objective on the stock in a report on Thursday, August 17th. Wedbush reissued a “buy” rating on shares of Intuitive Surgical in a research note on Tuesday, October 10th. Cantor Fitzgerald assumed coverage on Intuitive Surgical in a research note on Thursday, June 29th. They set a “neutral” rating and a $111.11 price target on the stock. Morgan Stanley reissued an “overweight” rating and set a $118.89 price target (up previously from $105.56) on shares of Intuitive Surgical in a research note on Tuesday, July 25th. Finally, Canaccord Genuity reissued a “hold” rating and set a $111.11 price target (up previously from $96.67) on shares of Intuitive Surgical in a research note on Wednesday, July 26th. Five investment 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. Intuitive Surgical has an average rating of “Buy” and an average target price of $137.11.

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.

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

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