Intuitive Surgical, Inc. (ISRG) Shares Bought by HealthCor Management L.P.

HealthCor Management L.P. grew its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.5% in the third quarter, HoldingsChannel.com reports. The fund owned 180,460 shares of the medical equipment provider’s stock after acquiring an additional 4,450 shares during the quarter. Intuitive Surgical accounts for about 3.4% of HealthCor Management L.P.’s portfolio, making the stock its 10th largest position. HealthCor Management L.P.’s holdings in Intuitive Surgical were worth $103,584,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Intuitive Surgical by 2.0% in the third quarter. BlackRock Inc. now owns 7,758,427 shares of the medical equipment provider’s stock worth $4,453,337,000 after acquiring an additional 149,491 shares during the period. FMR LLC raised its position in shares of Intuitive Surgical by 19.2% in the second quarter. FMR LLC now owns 6,629,648 shares of the medical equipment provider’s stock worth $3,172,155,000 after acquiring an additional 1,068,107 shares during the period. Capital World Investors raised its position in shares of Intuitive Surgical by 6.8% in the third quarter. Capital World Investors now owns 2,942,531 shares of the medical equipment provider’s stock worth $1,689,013,000 after acquiring an additional 188,476 shares during the period. Edgewood Management LLC raised its position in shares of Intuitive Surgical by 1.6% in the third quarter. Edgewood Management LLC now owns 2,499,999 shares of the medical equipment provider’s stock worth $1,434,999,000 after acquiring an additional 39,215 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Intuitive Surgical by 1.8% in the second quarter. American Century Companies Inc. now owns 1,422,488 shares of the medical equipment provider’s stock worth $680,632,000 after acquiring an additional 25,201 shares during the period. Institutional investors and hedge funds own 84.31% of the company’s stock.

In related news, Director Amal M. Johnson sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 23rd. The shares were sold at an average price of $500.00, for a total transaction of $500,000.00. Following the completion of the sale, the director now owns 9,874 shares of the company’s stock, valued at approximately $4,937,000. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lonnie M. Smith sold 225 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $540.04, for a total transaction of $121,509.00. Following the sale, the director now directly owns 379,175 shares of the company’s stock, valued at approximately $204,769,667. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,491 shares of company stock valued at $37,767,784. 2.20% of the stock is owned by corporate insiders.



A number of brokerages have weighed in on ISRG. Zacks Investment Research downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Thursday, December 6th. ValuEngine downgraded shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. UBS Group began coverage on shares of Intuitive Surgical in a research note on Tuesday, November 27th. They set a “neutral” rating and a $540.00 target price for the company. Finally, Citigroup cut their target price on shares of Intuitive Surgical from $606.00 to $601.00 and set a “buy” rating for the company in a research note on Thursday, November 29th. Two analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $553.71.

ISRG stock opened at $491.81 on Friday. The stock has a market cap of $56.16 billion, a PE ratio of 68.40, a P/E/G ratio of 3.56 and a beta of 1.03. Intuitive Surgical, Inc. has a 52 week low of $359.78 and a 52 week high of $581.12.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.17. Intuitive Surgical had a net margin of 22.31% and a return on equity of 18.79%. The company had revenue of $920.90 million during the quarter, compared to analysts’ expectations of $916.22 million. During the same quarter in the prior year, the company earned $2.77 EPS. Intuitive Surgical’s revenue was up 14.0% compared to the same quarter last year. As a group, research analysts forecast that Intuitive Surgical, Inc. will post 9.52 EPS for the current fiscal year.

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About Intuitive Surgical

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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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