TCW Group Inc. Has $22.48 Million Position in Intuitive Surgical, Inc. (ISRG)

TCW Group Inc. boosted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 146.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,592 shares of the medical equipment provider’s stock after purchasing an additional 36,554 shares during the period. TCW Group Inc.’s holdings in Intuitive Surgical were worth $22,478,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Employees Retirement System of Texas lifted its position in shares of Intuitive Surgical by 183.3% in the fourth quarter. Employees Retirement System of Texas now owns 6,800 shares of the medical equipment provider’s stock valued at $2,482,000 after acquiring an additional 4,400 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of Intuitive Surgical by 222.5% in the fourth quarter. Wedbush Securities Inc. now owns 6,409 shares of the medical equipment provider’s stock valued at $2,339,000 after acquiring an additional 4,422 shares in the last quarter. Trustcore Financial Services LLC purchased a new position in shares of Intuitive Surgical in the fourth quarter valued at about $125,000. Wetherby Asset Management Inc. lifted its position in shares of Intuitive Surgical by 227.5% in the fourth quarter. Wetherby Asset Management Inc. now owns 1,336 shares of the medical equipment provider’s stock valued at $488,000 after acquiring an additional 928 shares in the last quarter. Finally, Clifford Swan Investment Counsel LLC lifted its position in shares of Intuitive Surgical by 200.0% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 1,035 shares of the medical equipment provider’s stock valued at $378,000 after acquiring an additional 690 shares in the last quarter. Institutional investors own 61.59% of the company’s stock.

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at $420.30 on Tuesday. Intuitive Surgical, Inc. has a twelve month low of $239.21 and a twelve month high of $452.00. The stock has a market capitalization of $46,710.00, a PE ratio of 74.00, a PEG ratio of 4.90 and a beta of 0.50.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.27. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The firm had revenue of $892.40 million for the quarter, compared to analysts’ expectations of $866.54 million. During the same period in the previous year, the firm posted $2.03 earnings per share. The business’s revenue was up 17.9% compared to the same quarter last year. equities analysts predict that Intuitive Surgical, Inc. will post 7.93 EPS for the current fiscal year.

In other Intuitive Surgical news, EVP Curet Myriam sold 262 shares of the business’s stock in a transaction that occurred 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 directly owns 2,152 shares of the company’s stock, valued at $928,588. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary S. Guthart sold 28,525 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $414.50, for a total value of $11,823,612.50. Following the sale, the chief executive officer now directly owns 311,469 shares in the company, valued at $129,103,900.50. The disclosure for this sale can be found here. Insiders have sold 79,016 shares of company stock worth $32,750,186 over the last three months. 2.20% of the stock is currently owned by insiders.

Several equities analysts have recently commented on the company. Cantor Fitzgerald restated a “buy” rating and issued a $490.00 price objective on shares of Intuitive Surgical in a research report on Friday, January 26th. Zacks Investment Research downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Piper Jaffray Companies restated a “hold” rating on shares of Intuitive Surgical in a research report on Friday, January 26th. Evercore ISI assumed coverage on Intuitive Surgical in a research report on Wednesday, January 3rd. They issued an “in-line” rating and a $380.00 price objective on the stock. Finally, BidaskClub upgraded Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Intuitive Surgical presently has an average rating of “Buy” and a consensus target price of $408.48.

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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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