LPL Financial LLC Raises Position in Intuitive Surgical, Inc. (ISRG)

LPL Financial LLC increased its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 309.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,124 shares of the medical equipment provider’s stock after buying an additional 12,182 shares during the quarter. LPL Financial LLC’s holdings in Intuitive Surgical were worth $5,884,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Flagship Harbor Advisors LLC increased its holdings in Intuitive Surgical by 14.9% in the 4th quarter. Flagship Harbor Advisors LLC now owns 889 shares of the medical equipment provider’s stock worth $352,000 after buying an additional 115 shares during the period. Boston Private Wealth LLC increased its holdings in Intuitive Surgical by 6.4% in the 3rd quarter. Boston Private Wealth LLC now owns 2,276 shares of the medical equipment provider’s stock worth $2,380,000 after buying an additional 136 shares during the period. Janney Montgomery Scott LLC increased its holdings in Intuitive Surgical by 44.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 461 shares of the medical equipment provider’s stock worth $482,000 after buying an additional 141 shares during the period. Northeast Investment Management increased its holdings in Intuitive Surgical by 7.9% in the 3rd quarter. Northeast Investment Management now owns 2,291 shares of the medical equipment provider’s stock worth $2,396,000 after buying an additional 167 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in Intuitive Surgical by 10.9% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,838 shares of the medical equipment provider’s stock worth $1,921,000 after buying an additional 180 shares during the period. Institutional investors own 87.84% of the company’s stock.

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In related news, COO Salvatore Brogna sold 7,934 shares of Intuitive Surgical stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $421.37, for a total value of $3,343,149.58. Following the sale, the chief operating officer now owns 6,159 shares of the company’s stock, valued at approximately $2,595,217.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark J. Rubash sold 1,000 shares of Intuitive Surgical stock in a transaction on Monday, March 5th. The shares were sold at an average price of $420.01, for a total transaction of $420,010.00. Following the completion of the sale, the director now directly owns 4,453 shares in the company, valued at approximately $1,870,304.53. The disclosure for this sale can be found here. Insiders sold a total of 102,770 shares of company stock worth $43,410,836 in the last three months. 2.20% of the stock is owned by corporate insiders.

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $490.00 price target on shares of Intuitive Surgical in a report on Friday, January 26th. Zacks Investment Research downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Friday, January 26th. ValuEngine downgraded shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Piper Jaffray Companies reiterated a “hold” rating on shares of Intuitive Surgical in a report on Friday, January 26th. Finally, Evercore ISI began coverage on shares of Intuitive Surgical in a research note on Wednesday, January 3rd. They set an “in-line” rating and a $380.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $415.21.

Shares of ISRG stock opened at $399.15 on Friday. Intuitive Surgical, Inc. has a one year low of $249.22 and a one year high of $452.00. The stock has a market cap of $46,796.40, a price-to-earnings ratio of 70.27, a P/E/G ratio of 4.93 and a beta of 0.51.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.27. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The firm had revenue of $892.40 million for the quarter, compared to analysts’ expectations of $866.54 million. During the same quarter last year, the company earned $2.03 EPS. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. research analysts anticipate that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current year.

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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.

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

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