Alberta Investment Management Corp raised its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 88.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,145 shares of the medical equipment provider's stock after buying an additional 25,850 shares during the period. Alberta Investment Management Corp's holdings in Intuitive Surgical were worth $27,312,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Nicolet Advisory Services LLC increased its holdings in shares of Intuitive Surgical by 7.0% during the first quarter. Nicolet Advisory Services LLC now owns 1,144 shares of the medical equipment provider's stock worth $560,000 after buying an additional 75 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Intuitive Surgical by 44.4% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,887 shares of the medical equipment provider's stock worth $1,430,000 after buying an additional 887 shares in the last quarter. HHM Wealth Advisors LLC increased its holdings in shares of Intuitive Surgical by 26.6% during the first quarter. HHM Wealth Advisors LLC now owns 214 shares of the medical equipment provider's stock worth $106,000 after buying an additional 45 shares in the last quarter. MGO One Seven LLC increased its holdings in shares of Intuitive Surgical by 6.2% during the first quarter. MGO One Seven LLC now owns 4,378 shares of the medical equipment provider's stock worth $2,168,000 after buying an additional 254 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC increased its holdings in shares of Intuitive Surgical by 1.1% during the first quarter. Sound View Wealth Advisors Group LLC now owns 2,896 shares of the medical equipment provider's stock worth $1,434,000 after buying an additional 32 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company's stock.
Insider Buying and Selling at Intuitive Surgical
In other Intuitive Surgical news, insider Gary S. Guthart sold 7,893 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $498.64, for a total value of $3,935,765.52. Following the completion of the transaction, the insider directly owned 13,187 shares in the company, valued at approximately $6,575,565.68. This represents a 37.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Myriam Curet sold 4,500 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $492.48, for a total transaction of $2,216,160.00. Following the completion of the transaction, the executive vice president owned 353 shares of the company's stock, valued at approximately $173,845.44. This trade represents a 92.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,903 shares of company stock worth $7,932,778. 0.70% of the stock is currently owned by company insiders.
Intuitive Surgical Trading Down 3.9%
Shares of Intuitive Surgical stock opened at $481.09 on Friday. The company has a market cap of $172.46 billion, a PE ratio of 67.10, a price-to-earnings-growth ratio of 5.25 and a beta of 1.64. The company has a 50 day moving average of $525.14 and a 200-day moving average of $533.73. Intuitive Surgical, Inc. has a 1-year low of $425.00 and a 1-year high of $616.00.
Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The medical equipment provider reported $2.19 EPS for the quarter, beating the consensus estimate of $1.93 by $0.26. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.35 billion. Intuitive Surgical had a net margin of 28.51% and a return on equity of 14.56%. The firm's revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.78 EPS. Research analysts forecast that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts recently weighed in on ISRG shares. Barclays lowered their price target on shares of Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft lowered shares of Intuitive Surgical from a "hold" rating to a "sell" rating and lowered their target price for the stock from $515.00 to $440.00 in a report on Monday, June 9th. UBS Group lifted their target price on shares of Intuitive Surgical from $547.00 to $585.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Wall Street Zen raised shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Evercore ISI lifted their price target on shares of Intuitive Surgical from $470.00 to $550.00 and gave the stock an "in-line" rating in a research report on Tuesday, July 8th. One 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $592.05.
Read Our Latest Report on ISRG
Intuitive Surgical Profile
(
Free Report)
Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.
See Also
Want to see what other hedge funds are holding ISRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report).

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