IBM Retirement Fund Acquires 1,805 Shares of Intuitive Surgical, Inc. (ISRG)

IBM Retirement Fund boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 196.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,724 shares of the medical equipment provider’s stock after acquiring an additional 1,805 shares during the quarter. IBM Retirement Fund’s holdings in Intuitive Surgical were worth $1,088,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Advisory Services Network LLC grew its holdings in Intuitive Surgical by 0.7% during the second quarter. Advisory Services Network LLC now owns 2,336 shares of the medical equipment provider’s stock valued at $2,185,000 after purchasing an additional 17 shares during the last quarter. Eqis Capital Management Inc. grew its holdings in Intuitive Surgical by 17.2% during the third quarter. Eqis Capital Management Inc. now owns 408 shares of the medical equipment provider’s stock valued at $427,000 after purchasing an additional 60 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in Intuitive Surgical by 14.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 889 shares of the medical equipment provider’s stock valued at $352,000 after purchasing an additional 115 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Intuitive Surgical by 12.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 1,176 shares of the medical equipment provider’s stock valued at $1,230,000 after purchasing an additional 132 shares during the last quarter. Finally, Boston Private Wealth LLC grew its holdings in Intuitive Surgical by 6.4% during the third quarter. Boston Private Wealth LLC now owns 2,276 shares of the medical equipment provider’s stock valued at $2,380,000 after purchasing an additional 136 shares during the last quarter. 36.79% of the stock is currently owned by hedge funds and other institutional investors.

In other Intuitive Surgical news, CEO Gary S. Guthart sold 28,525 shares of Intuitive Surgical stock in a transaction on Monday, February 5th. The shares were sold at an average price of $414.50, for a total transaction of $11,823,612.50. Following the sale, the chief executive officer now owns 311,469 shares in the company, valued at $129,103,900.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Curet Myriam sold 262 shares of Intuitive Surgical stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $431.50, for a total transaction of $113,053.00. Following the sale, the executive vice president now owns 2,152 shares in the company, valued at approximately $928,588. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,016 shares of company stock worth $35,133,026. 2.20% of the stock is currently owned by corporate insiders.

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at $392.91 on Monday. The stock has a market cap of $44,123.20, a price-to-earnings ratio of 69.17, a PEG ratio of 4.63 and a beta of 0.50. Intuitive Surgical, Inc. has a 52 week low of $233.66 and a 52 week high of $452.00.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.27. The business had revenue of $892.40 million for the quarter, compared to the consensus estimate of $866.54 million. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. Intuitive Surgical’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the company posted $2.03 earnings per share. equities research analysts forecast that Intuitive Surgical, Inc. will post 7.93 earnings per share for the current fiscal year.

Several equities analysts have commented on ISRG shares. Wells Fargo & Co reiterated a “buy” rating on shares of Intuitive Surgical in a report on Monday, October 16th. Canaccord Genuity reiterated a “hold” rating on shares of Intuitive Surgical in a report on Tuesday, October 17th. Barclays reiterated an “overweight” rating on shares of Intuitive Surgical in a report on Friday, October 20th. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $418.00 price target on the stock in a report on Wednesday, October 25th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Intuitive Surgical in a report on Saturday, November 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $408.48.

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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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