UBS Asset Management Americas Inc. Has $140.63 Million Stake in Intuitive Surgical, Inc. (ISRG)

UBS Asset Management Americas Inc. grew its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 31.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 150,346 shares of the medical equipment provider’s stock after acquiring an additional 36,389 shares during the period. UBS Asset Management Americas Inc. owned about 0.40% of Intuitive Surgical worth $140,629,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Alps Advisors Inc. raised its stake in shares of Intuitive Surgical by 0.3% during the second quarter. Alps Advisors Inc. now owns 647 shares of the medical equipment provider’s stock valued at $605,000 after acquiring an additional 2 shares during the last quarter. Chilton Investment Co. LLC raised its stake in shares of Intuitive Surgical by 0.4% during the second quarter. Chilton Investment Co. LLC now owns 502 shares of the medical equipment provider’s stock valued at $470,000 after acquiring an additional 2 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake in shares of Intuitive Surgical by 2.2% during the first quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock valued at $109,000 after acquiring an additional 3 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Intuitive Surgical by 1.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 284 shares of the medical equipment provider’s stock valued at $266,000 after acquiring an additional 4 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its stake in shares of Intuitive Surgical by 1.4% during the second quarter. Wetherby Asset Management Inc. now owns 361 shares of the medical equipment provider’s stock valued at $338,000 after acquiring an additional 5 shares during the last quarter. 94.23% of the stock is owned by hedge funds and other institutional investors.

In other Intuitive Surgical news, CEO Gary S. Guthart sold 17,975 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $937.27, for a total value of $16,847,428.25. Following the completion of the transaction, the chief executive officer now directly owns 101,798 shares in the company, valued at approximately $95,412,211.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael A. Friedman sold 1,000 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $945.60, for a total transaction of $945,600.00. Following the completion of the transaction, the director now owns 977 shares of the company’s stock, valued at $923,851.20. The disclosure for this sale can be found here. Insiders sold a total of 23,172 shares of company stock valued at $21,923,487 over the last 90 days. Company insiders own 2.20% of the company’s stock.

ISRG has been the subject of several analyst reports. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $341.33 price target for the company in a research note on Wednesday, May 31st. Leerink Swann reaffirmed an “outperform” rating on shares of Intuitive Surgical in a research note on Wednesday, July 5th. Barclays PLC raised their price target on shares of Intuitive Surgical from $290.00 to $333.33 and gave the company an “overweight” rating in a research note on Friday, July 21st. They noted that the move was a valuation call. Morgan Stanley reaffirmed an “overweight” rating and set a $356.67 price target (up previously from $316.67) on shares of Intuitive Surgical in a research note on Tuesday, July 25th. Finally, Vetr raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $340.77 price target for the company in a research note on Monday, August 28th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $366.12.

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Intuitive Surgical, Inc. (ISRG) traded up 0.56% during midday trading on Wednesday, reaching $1051.31. 24,529 shares of the company’s stock were exchanged. The company has a market cap of $39.06 billion, a price-to-earnings ratio of 50.35 and a beta of 0.38. The firm has a 50-day moving average price of $990.40 and a 200 day moving average price of $891.23. Intuitive Surgical, Inc. has a 12-month low of $610.71 and a 12-month high of $1,054.77. Intuitive Surgical shares are going to split on Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly issued shares will be issued to shareholders after the market closes on Thursday, October 5th.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $1.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.05. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The business had revenue of $756.20 million during the quarter, compared to analyst estimates of $724.51 million. During the same period in the prior year, the business earned $1.87 EPS. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts expect that Intuitive Surgical, Inc. will post $23.92 EPS for the current fiscal year.

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.

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

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