Nicholas Investment Partners LP Invests $3.57 Million in Intuitive Surgical, Inc. (ISRG)

Nicholas Investment Partners LP purchased a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,663 shares of the medical equipment provider’s stock, valued at approximately $3,574,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Intuitive Surgical by 2,770.9% in the first quarter. BlackRock Inc. now owns 2,846,621 shares of the medical equipment provider’s stock worth $2,181,851,000 after buying an additional 2,747,465 shares during the last quarter. Edgewood Management LLC boosted its position in Intuitive Surgical by 38.8% in the first quarter. Edgewood Management LLC now owns 919,617 shares of the medical equipment provider’s stock worth $704,859,000 after buying an additional 257,165 shares during the last quarter. Norges Bank bought a new position in Intuitive Surgical during the fourth quarter worth approximately $162,841,000. FMR LLC boosted its position in shares of Intuitive Surgical by 3.4% in the first quarter. FMR LLC now owns 2,277,567 shares of the medical equipment provider’s stock valued at $1,745,686,000 after buying an additional 75,894 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC boosted its position in shares of Intuitive Surgical by 13,808.4% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 72,880 shares of the medical equipment provider’s stock valued at $55,860,000 after buying an additional 72,356 shares during the last quarter. Hedge funds and other institutional investors own 97.56% of the company’s stock.

Intuitive Surgical, Inc. (ISRG) opened at 943.9308 on Tuesday. Intuitive Surgical, Inc. has a 12-month low of $610.71 and a 12-month high of $948.98. The stock has a market cap of $34.77 billion, a price-to-earnings ratio of 47.5844 and a beta of 0.41. The stock’s 50 day moving average price is $888.80 and its 200 day moving average price is $757.81.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Tuesday, April 18th. The medical equipment provider reported $5.09 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $1.12. The business had revenue of $674.20 million for the quarter, compared to analyst estimates of $664.72 million. Intuitive Surgical had a return on equity of 15.41% and a net margin of 27.99%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $4.42 earnings per share. Analysts forecast that Intuitive Surgical, Inc. will post $23.64 EPS for the current fiscal year.

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Several research analysts have issued reports on the stock. BidaskClub upgraded shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a report on Friday. Zacks Investment Research cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Bank of America Corporation reiterated a “buy” rating and set a $1,000.00 target price on shares of Intuitive Surgical in a report on Thursday, June 1st. Canaccord Genuity cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $870.00 target price on the stock. in a report on Tuesday, May 30th. They noted that the move was a valuation call. Finally, BTIG Research reiterated a “hold” rating on shares of Intuitive Surgical in a report on Thursday, June 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Intuitive Surgical presently has a consensus rating of “Buy” and a consensus target price of $856.69.

In other Intuitive Surgical news, SVP Mark J. Meltzer sold 3,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $887.09, for a total value of $2,661,270.00. Following the sale, the senior vice president now directly owns 3,046 shares of the company’s stock, valued at approximately $2,702,076.14. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gary S. Guthart sold 18,775 shares of the firm’s stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $810.33, for a total value of $15,213,945.75. Following the completion of the sale, the chief executive officer now directly owns 95,573 shares in the company, valued at $77,445,669.09. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,306 shares of company stock worth $46,588,332. Corporate insiders own 2.50% of the company’s stock.

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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