Franklin Resources Inc. Has $303.95 Million Holdings in Intuitive Surgical, Inc. (ISRG)

Franklin Resources Inc. raised its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 10.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 736,248 shares of the medical equipment provider’s stock after buying an additional 71,464 shares during the quarter. Franklin Resources Inc. owned 0.65% of Intuitive Surgical worth $303,947,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ISRG. Schwab Charles Investment Management Inc. lifted its stake in Intuitive Surgical by 214.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 386,037 shares of the medical equipment provider’s stock valued at $140,881,000 after buying an additional 263,157 shares in the last quarter. First Manhattan Co. lifted its stake in Intuitive Surgical by 2,625.7% during the fourth quarter. First Manhattan Co. now owns 1,908 shares of the medical equipment provider’s stock valued at $696,000 after buying an additional 1,838 shares in the last quarter. First Quadrant L P CA lifted its stake in Intuitive Surgical by 40.6% during the fourth quarter. First Quadrant L P CA now owns 4,500 shares of the medical equipment provider’s stock valued at $1,642,000 after buying an additional 1,300 shares in the last quarter. CENTRAL TRUST Co lifted its stake in Intuitive Surgical by 334.8% during the fourth quarter. CENTRAL TRUST Co now owns 387 shares of the medical equipment provider’s stock valued at $141,000 after buying an additional 298 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new stake in Intuitive Surgical during the fourth quarter valued at about $127,000. 85.52% of the stock is owned by institutional investors.

In related news, EVP Curet Myriam sold 8,078 shares of the stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $471.56, for a total value of $3,809,261.68. Following the transaction, the executive vice president now owns 3,595 shares in the company, valued at $1,695,258.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jamie Samath sold 1,060 shares of the stock in a transaction that occurred on Friday, April 20th. The stock was sold at an average price of $457.74, for a total value of $485,204.40. Following the completion of the transaction, the vice president now owns 257 shares in the company, valued at approximately $117,639.18. The disclosure for this sale can be found here. Insiders sold 189,916 shares of company stock worth $85,561,416 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

A number of analysts have recently issued reports on ISRG shares. Citigroup reduced their price target on shares of Intuitive Surgical to $507.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Vetr raised shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating and set a $443.17 price target for the company in a research report on Thursday, February 8th. BidaskClub lowered shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 10th. ValuEngine lowered shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $488.00 price target for the company in a research report on Tuesday, March 20th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Intuitive Surgical currently has a consensus rating of “Buy” and an average price target of $457.59.

Intuitive Surgical opened at $456.56 on Friday, Marketbeat Ratings reports. Intuitive Surgical, Inc. has a 52 week low of $292.17 and a 52 week high of $473.79. The company has a market capitalization of $51.87 billion, a P/E ratio of 63.50, a PEG ratio of 4.28 and a beta of 0.56.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Tuesday, April 17th. The medical equipment provider reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.37. Intuitive Surgical had a return on equity of 20.72% and a net margin of 23.25%. The firm had revenue of $848.00 million for the quarter, compared to the consensus estimate of $773.20 million. During the same quarter in the prior year, the company posted $5.09 earnings per share. The firm’s revenue was up 25.8% on a year-over-year basis. analysts expect that Intuitive Surgical, Inc. will post 8.84 EPS for the current fiscal year.

Intuitive Surgical Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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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