Howland Capital Management LLC Lowers Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Howland Capital Management LLC cut its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,698 shares of the medical equipment provider’s stock after selling 72 shares during the quarter. Howland Capital Management LLC’s holdings in Intuitive Surgical were worth $917,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Pinnacle Bank raised its holdings in Intuitive Surgical by 50.0% during the 2nd quarter. Pinnacle Bank now owns 135 shares of the medical equipment provider’s stock valued at $71,000 after buying an additional 45 shares during the last quarter. Burns J W & Co. Inc. NY raised its holdings in Intuitive Surgical by 28.2% in the 2nd quarter. Burns J W & Co. Inc. NY now owns 1,497 shares of the medical equipment provider’s stock worth $785,000 after purchasing an additional 329 shares in the last quarter. Retirement Systems of Alabama raised its holdings in Intuitive Surgical by 1.0% in the 2nd quarter. Retirement Systems of Alabama now owns 53,837 shares of the medical equipment provider’s stock worth $28,240,000 after purchasing an additional 526 shares in the last quarter. Spence Asset Management raised its holdings in Intuitive Surgical by 5.0% in the 2nd quarter. Spence Asset Management now owns 21,628 shares of the medical equipment provider’s stock worth $11,345,000 after purchasing an additional 1,027 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its holdings in Intuitive Surgical by 99.2% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 1,876 shares of the medical equipment provider’s stock worth $984,000 after purchasing an additional 934 shares in the last quarter. 85.88% of the stock is owned by institutional investors.

In other Intuitive Surgical news, VP Jamie Samath sold 130 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $503.50, for a total transaction of $65,455.00. Following the transaction, the vice president now owns 219 shares in the company, valued at approximately $110,266.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lonnie M. Smith sold 215 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $493.18, for a total transaction of $106,033.70. Following the transaction, the director now owns 330,868 shares in the company, valued at approximately $163,177,480.24. The disclosure for this sale can be found here. Insiders have sold a total of 17,537 shares of company stock worth $9,223,613 over the last three months. 1.70% of the stock is currently owned by insiders.

Shares of ISRG stock opened at $536.44 on Thursday. Intuitive Surgical, Inc. has a one year low of $430.24 and a one year high of $589.32. The company’s 50-day moving average is $526.36 and its 200 day moving average is $516.88. The company has a market capitalization of $61.92 billion, a price-to-earnings ratio of 56.53, a price-to-earnings-growth ratio of 3.99 and a beta of 1.13.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, October 17th. The medical equipment provider reported $3.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.99 by $0.44. Intuitive Surgical had a net margin of 30.94% and a return on equity of 18.26%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm posted $2.83 EPS. Intuitive Surgical’s revenue for the quarter was up 22.5% on a year-over-year basis. As a group, analysts anticipate that Intuitive Surgical, Inc. will post 10.58 EPS for the current year.

Several research analysts have commented on ISRG shares. Canaccord Genuity restated a “buy” rating and issued a $610.00 price objective (up from $575.00) on shares of Intuitive Surgical in a report on Friday, July 19th. Wells Fargo & Co set a $620.00 target price on shares of Intuitive Surgical and gave the stock a “buy” rating in a research report on Friday, October 18th. Piper Jaffray Companies set a $633.00 target price on shares of Intuitive Surgical and gave the stock a “buy” rating in a research report on Friday, October 18th. Redburn Partners started coverage on shares of Intuitive Surgical in a research report on Friday, September 13th. They issued a “buy” rating on the stock. Finally, UBS Group upped their target price on shares of Intuitive Surgical from $560.00 to $590.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $583.00.

Intuitive Surgical Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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