Intuitive Surgical, Inc. (ISRG) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 209.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,556 shares of the medical equipment provider’s stock after buying an additional 18,657 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Intuitive Surgical were worth $10,056,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Shell Asset Management Co. increased its holdings in shares of Intuitive Surgical by 383.4% in the 4th quarter. Shell Asset Management Co. now owns 30,187 shares of the medical equipment provider’s stock worth $11,016,000 after buying an additional 23,942 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Intuitive Surgical by 212.9% in the 4th quarter. Arizona State Retirement System now owns 45,348 shares of the medical equipment provider’s stock worth $16,549,000 after buying an additional 30,855 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Intuitive Surgical by 100.0% in the 4th quarter. Eagle Asset Management Inc. now owns 109,337 shares of the medical equipment provider’s stock worth $40,378,000 after buying an additional 54,657 shares during the last quarter. Pinebridge Investments L.P. increased its holdings in shares of Intuitive Surgical by 120.5% in the 4th quarter. Pinebridge Investments L.P. now owns 40,747 shares of the medical equipment provider’s stock worth $14,870,000 after buying an additional 22,266 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its holdings in shares of Intuitive Surgical by 189.4% in the 4th quarter. State of Wisconsin Investment Board now owns 142,622 shares of the medical equipment provider’s stock worth $52,048,000 after buying an additional 93,343 shares during the last quarter. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

ISRG has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 price target on the stock in a report on Tuesday, December 12th. ValuEngine lowered shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Goldman Sachs Group reissued a “buy” rating on shares of Intuitive Surgical in a report on Saturday, November 18th. Morgan Stanley increased their price target on shares of Intuitive Surgical from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, BidaskClub lowered shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $408.48.

Intuitive Surgical, Inc. (NASDAQ ISRG) opened at $416.56 on Thursday. Intuitive Surgical, Inc. has a twelve month low of $242.26 and a twelve month high of $452.00. The company has a market cap of $47,363.01, a price-to-earnings ratio of 73.34, a P/E/G ratio of 5.02 and a beta of 0.50.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.27. The company had revenue of $892.40 million for the quarter, compared to analyst estimates of $866.54 million. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.03 EPS. equities analysts predict that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current year.

In other Intuitive Surgical news, EVP Curet Myriam sold 262 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $431.50, for a total transaction of $113,053.00. Following the completion of the sale, the executive vice president now owns 2,152 shares of the company’s stock, valued at approximately $928,588. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary S. Guthart sold 28,525 shares of the 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 directly owns 311,469 shares of the company’s stock, valued at approximately $129,103,900.50. The disclosure for this sale can be found here. Insiders have sold a total of 79,877 shares of company stock valued at $33,111,884 in the last three months. 2.20% of the stock is currently owned by corporate insiders.

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Intuitive Surgical Company 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.

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

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