Intuitive Surgical, Inc. (ISRG) Position Trimmed by Schroder Investment Management Group

Schroder Investment Management Group decreased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,165 shares of the medical equipment provider’s stock after selling 354 shares during the quarter. Schroder Investment Management Group’s holdings in Intuitive Surgical were worth $15,557,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ISRG. Bessemer Group Inc. lifted its holdings in shares of Intuitive Surgical by 230.4% in the second quarter. Bessemer Group Inc. now owns 760 shares of the medical equipment provider’s stock worth $711,000 after acquiring an additional 530 shares during the last quarter. Global X Management Co. LLC lifted its holdings in shares of Intuitive Surgical by 211.6% in the second quarter. Global X Management Co. LLC now owns 15,962 shares of the medical equipment provider’s stock worth $14,930,000 after acquiring an additional 10,839 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Intuitive Surgical in the second quarter worth about $281,000. Canada Pension Plan Investment Board lifted its holdings in shares of Intuitive Surgical by 9,454.5% in the second quarter. Canada Pension Plan Investment Board now owns 10,510 shares of the medical equipment provider’s stock worth $9,831,000 after acquiring an additional 10,400 shares during the last quarter. Finally, Wetherby Asset Management Inc. lifted its holdings in shares of Intuitive Surgical by 1.4% in the second quarter. Wetherby Asset Management Inc. now owns 361 shares of the medical equipment provider’s stock worth $338,000 after acquiring an additional 5 shares during the last quarter. 32.81% of the stock is owned by institutional investors and hedge funds.

ISRG has been the subject of a number of research reports. Wedbush reissued an “outperform” rating and issued a $353.33 target price on shares of Intuitive Surgical in a report on Monday, September 25th. Barclays reissued an “overweight” rating on shares of Intuitive Surgical in a report on Friday, October 20th. Morgan Stanley reissued an “overweight” rating on shares of Intuitive Surgical in a report on Tuesday, September 5th. Goldman Sachs Group reissued a “buy” rating on shares of Intuitive Surgical in a report on Saturday, November 18th. Finally, Vetr cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $111.83 target price for the company. in a report on Wednesday, August 16th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $155.78.

Intuitive Surgical, Inc. (ISRG) opened at $379.04 on Thursday. The stock has a market cap of $41,401.66, a P/E ratio of 48.90, a P/E/G ratio of 5.13 and a beta of 0.48. Intuitive Surgical, Inc. has a fifty-two week low of $203.57 and a fifty-two week high of $405.05.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.78. The business had revenue of $806.10 million during the quarter, compared to analyst estimates of $753.25 million. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the business earned $2.06 EPS. equities analysts expect that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current year.

In other Intuitive Surgical news, CFO Marshall Mohr sold 6,000 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $372.22, for a total transaction of $2,233,320.00. Following the completion of the sale, the chief financial officer now owns 12,316 shares of the company’s stock, valued at approximately $4,584,261.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Salvatore Brogna sold 6,082 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $397.61, for a total transaction of $2,418,264.02. Following the sale, the chief operating officer now directly owns 3,096 shares of the company’s stock, valued at approximately $1,231,000.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,944 shares of company stock valued at $21,432,971. 2.20% of the stock is owned by company 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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