Intuitive Surgical, Inc. (ISRG) Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. boosted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.2% in the 4th quarter, HoldingsChannel reports. The firm owned 155,988 shares of the medical equipment provider’s stock after buying an additional 337 shares during the period. Prudential Financial Inc.’s holdings in Intuitive Surgical were worth $74,706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its position in shares of Intuitive Surgical by 3.7% in the fourth quarter. Cerity Partners LLC now owns 673 shares of the medical equipment provider’s stock valued at $322,000 after purchasing an additional 24 shares during the period. Kornitzer Capital Management Inc. KS grew its position in shares of Intuitive Surgical by 0.4% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 6,025 shares of the medical equipment provider’s stock valued at $2,885,000 after purchasing an additional 25 shares during the period. Whitener Capital Management Inc. grew its position in shares of Intuitive Surgical by 1.4% in the fourth quarter. Whitener Capital Management Inc. now owns 1,831 shares of the medical equipment provider’s stock valued at $876,000 after purchasing an additional 25 shares during the period. Cornerstone Advisors Inc. grew its position in shares of Intuitive Surgical by 32.3% in the third quarter. Cornerstone Advisors Inc. now owns 123 shares of the medical equipment provider’s stock valued at $71,000 after purchasing an additional 30 shares during the period. Finally, Fiduciary Trust Co. grew its position in shares of Intuitive Surgical by 5.0% in the fourth quarter. Fiduciary Trust Co. now owns 839 shares of the medical equipment provider’s stock valued at $402,000 after purchasing an additional 40 shares during the period. 84.75% of the stock is owned by hedge funds and other institutional investors.

In other news, COO Salvatore Brogna sold 2,090 shares of Intuitive Surgical stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $541.88, for a total transaction of $1,132,529.20. Following the sale, the chief operating officer now directly owns 2,049 shares of the company’s stock, valued at $1,110,312.12. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Jamie Samath sold 227 shares of Intuitive Surgical stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $541.86, for a total value of $123,002.22. Following the sale, the vice president now directly owns 138 shares in the company, valued at $74,776.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,512 shares of company stock worth $35,318,293. Corporate insiders own 2.20% of the company’s stock.

ISRG has been the subject of a number of recent analyst reports. Piper Jaffray Companies lifted their price objective on Intuitive Surgical from $613.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, October 31st. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $540.00 target price on the stock in a report on Wednesday, December 19th. Northland Securities reiterated a “sell” rating and issued a $375.00 target price on shares of Intuitive Surgical in a report on Thursday, January 10th. BidaskClub cut Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 30th. Finally, Citigroup reduced their target price on Intuitive Surgical from $601.00 to $560.00 and set a “buy” rating on the stock in a report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $566.40.

Shares of ISRG traded down $4.30 during midday trading on Thursday, reaching $545.35. 8,679 shares of the company were exchanged, compared to its average volume of 728,327. The stock has a market cap of $62.76 billion, a PE ratio of 57.40, a P/E/G ratio of 4.15 and a beta of 1.12. Intuitive Surgical, Inc. has a 1-year low of $393.57 and a 1-year high of $581.12.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, January 24th. The medical equipment provider reported $2.96 EPS for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.11). The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Intuitive Surgical had a return on equity of 18.11% and a net margin of 30.29%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.54 EPS. As a group, analysts predict that Intuitive Surgical, Inc. will post 10.07 EPS for the current year.

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Intuitive Surgical Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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

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