Banque Pictet & Cie SA Sells 1,826 Shares of Intuitive Surgical, Inc. (ISRG)

Banque Pictet & Cie SA cut its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 44.1% during the first quarter, Holdings Channel reports. The fund owned 2,317 shares of the medical equipment provider’s stock after selling 1,826 shares during the period. Banque Pictet & Cie SA’s holdings in Intuitive Surgical were worth $1,776,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Intuitive Surgical during the fourth quarter valued at approximately $162,841,000. Janus Capital Management LLC increased its stake in Intuitive Surgical by 53.0% in the fourth quarter. Janus Capital Management LLC now owns 235,488 shares of the medical equipment provider’s stock valued at $149,340,000 after buying an additional 81,624 shares during the last quarter. FMR LLC increased its stake in 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. Gilder Gagnon Howe & Co. LLC increased its stake in 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. Finally, Wellington Management Group LLP increased its stake in Intuitive Surgical by 28.4% in the first quarter. Wellington Management Group LLP now owns 280,784 shares of the medical equipment provider’s stock valued at $215,214,000 after buying an additional 62,177 shares during the last quarter. 97.56% of the stock is owned by institutional investors.

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

Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) traded up 0.42% during mid-day trading on Tuesday, hitting $940.35. The stock had a trading volume of 170,040 shares. The firm has a 50 day moving average price of $885.92 and a 200-day moving average price of $755.57. 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 $34.64 billion, a P/E ratio of 47.40 and a beta of 0.41.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Tuesday, April 18th. The medical equipment provider reported $5.09 EPS for the quarter, beating the consensus estimate of $3.97 by $1.12. The firm 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 company’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the company earned $4.42 EPS. On average, equities research analysts forecast that Intuitive Surgical, Inc. will post $23.64 EPS for the current year.

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Several equities research analysts have issued reports on ISRG shares. Canaccord Genuity reaffirmed a “buy” rating and set a $800.00 price target on shares of Intuitive Surgical in a report on Friday, March 24th. Royal Bank Of Canada raised their price target on Intuitive Surgical from $720.00 to $770.00 and gave the company a “sector perform” rating in a report on Monday, April 17th. Barclays PLC reaffirmed a “buy” rating and set a $800.00 price target on shares of Intuitive Surgical in a report on Sunday, March 26th. Leerink Swann reaffirmed an “outperform” rating and set a $850.00 price target (up previously from $840.00) on shares of Intuitive Surgical in a report on Saturday, April 22nd. Finally, Morgan Stanley set a $950.00 price target on Intuitive Surgical and gave the company an “overweight” rating in a report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. Intuitive Surgical presently has a consensus rating of “Buy” and an average target price of $856.69.

In related news, CEO Gary S. Guthart sold 18,775 shares of the firm’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $810.33, for a total transaction of $15,213,945.75. Following the transaction, the chief executive officer now directly owns 95,573 shares in the company, valued at approximately $77,445,669.09. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lonnie M. Smith sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $810.12, for a total value of $2,430,360.00. Following the transaction, the director now owns 232,638 shares in the company, valued at $188,464,696.56. The disclosure for this sale can be found here. Insiders have sold a total of 55,306 shares of company stock worth $46,588,332 over the last quarter. Corporate insiders own 2.50% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ISRG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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