Bourne Lent Asset Management Inc. raised its stake in shares of Intuitive Surgical Inc. (NASDAQ:ISRG) by 4.2% during the second quarter, Holdings Channel reports. The institutional investor owned 4,961 shares of the company’s stock after buying an additional 200 shares during the period. Intuitive Surgical comprises 2.6% of Bourne Lent Asset Management Inc.’s portfolio, making the stock its 9th largest position. Bourne Lent Asset Management Inc.’s holdings in Intuitive Surgical were worth $3,281,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in ISRG. Norges Bank purchased a new position in Intuitive Surgical during the fourth quarter valued at $156,928,000. JPMorgan Chase & Co. increased its position in Intuitive Surgical by 643.9% in the first quarter. JPMorgan Chase & Co. now owns 329,830 shares of the company’s stock valued at $198,243,000 after buying an additional 285,490 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Intuitive Surgical by 29.5% in the first quarter. TIAA CREF Investment Management LLC now owns 520,997 shares of the company’s stock valued at $313,145,000 after buying an additional 118,738 shares during the last quarter. 1832 Asset Management L.P. purchased a new position in Intuitive Surgical during the first quarter valued at $87,448,000. Finally, Teachers Advisors Inc. increased its position in Intuitive Surgical by 33.6% in the first quarter. Teachers Advisors Inc. now owns 206,890 shares of the company’s stock valued at $124,351,000 after buying an additional 52,008 shares during the last quarter. 91.90% of the stock is owned by hedge funds and other institutional investors.
Shares of Intuitive Surgical Inc. (NASDAQ:ISRG) traded up 0.60% during trading on Wednesday, reaching $703.06. The company’s stock had a trading volume of 320,344 shares. The company has a 50 day moving average of $688.48 and a 200-day moving average of $648.02. The stock has a market cap of $27.06 billion, a price-to-earnings ratio of 39.90 and a beta of 0.73. Intuitive Surgical Inc. has a 12-month low of $447.00 and a 12-month high of $720.01.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $5.62 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.65. The business earned $670 million during the quarter, compared to analysts’ expectations of $640.69 million. Intuitive Surgical had a return on equity of 15.25% and a net margin of 26.80%. During the same quarter in the prior year, the business posted $4.57 earnings per share. Analysts forecast that Intuitive Surgical Inc. will post $21.30 EPS for the current year.
Several research firms have recently weighed in on ISRG. Northland Securities downgraded Intuitive Surgical from a “market perform” rating to an “under perform” rating and set a $600.00 price target for the company. in a research note on Thursday, July 21st. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Intuitive Surgical in a research note on Tuesday. Zacks Investment Research downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Tuesday. BTIG Research reiterated a “hold” rating on shares of Intuitive Surgical in a research note on Tuesday. Finally, Raymond James Financial Inc. began coverage on Intuitive Surgical in a research note on Friday, August 26th. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $701.42.
In other news, Director Alan J. Levy sold 3,188 shares of the company’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $694.11, for a total value of $2,212,822.68. Following the completion of the transaction, the director now owns 5,401 shares of the company’s stock, valued at $3,748,888.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary S. Guthart sold 13,400 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $698.00, for a total value of $9,353,200.00. Following the completion of the transaction, the chief executive officer now directly owns 78,780 shares of the company’s stock, valued at approximately $54,988,440. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.
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.
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).
Receive News & Ratings for Intuitive Surgical Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical Inc. and related companies with MarketBeat.com's FREE daily email newsletter.