Oakbrook Investments LLC Has $2.40 Million Position in Intuitive Surgical, Inc. (ISRG)

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Oakbrook Investments LLC reduced its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 44.2% in the 1st quarter, Holdings Channel reports. The firm owned 4,200 shares of the medical equipment provider’s stock after selling 3,325 shares during the period. Oakbrook Investments LLC’s holdings in Intuitive Surgical were worth $2,396,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ISRG. Bronfman E.L. Rothschild L.P. raised its stake in shares of Intuitive Surgical by 1.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,239 shares of the medical equipment provider’s stock worth $593,000 after acquiring an additional 21 shares during the last quarter. Shine Investment Advisory Services Inc. raised its stake in shares of Intuitive Surgical by 14.6% in the first quarter. Shine Investment Advisory Services Inc. now owns 180 shares of the medical equipment provider’s stock worth $103,000 after acquiring an additional 23 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Intuitive Surgical by 3.7% in the fourth quarter. Cerity Partners LLC now owns 673 shares of the medical equipment provider’s stock worth $322,000 after acquiring an additional 24 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its stake in shares of Intuitive Surgical by 0.4% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 6,025 shares of the medical equipment provider’s stock worth $2,885,000 after acquiring an additional 25 shares during the last quarter. Finally, Whitener Capital Management Inc. raised its stake in shares of Intuitive Surgical by 1.4% in the fourth quarter. Whitener Capital Management Inc. now owns 1,831 shares of the medical equipment provider’s stock worth $876,000 after acquiring an additional 25 shares during the last quarter. 84.91% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on ISRG. BidaskClub downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research raised shares of Intuitive Surgical from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised shares of Intuitive Surgical from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Cantor Fitzgerald set a $620.00 price target on shares of Intuitive Surgical and gave the stock a “buy” rating in a research note on Thursday, April 4th. Finally, Raymond James boosted their price target on shares of Intuitive Surgical from $600.00 to $630.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $576.17.

NASDAQ ISRG traded up $5.95 during trading on Thursday, reaching $530.95. 974,131 shares of the stock traded hands, compared to its average volume of 687,870. The stock has a market cap of $61.84 billion, a P/E ratio of 55.95, a P/E/G ratio of 4.53 and a beta of 1.10. Intuitive Surgical, Inc. has a fifty-two week low of $429.04 and a fifty-two week high of $589.32.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, January 24th. The medical equipment provider reported $2.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.11). The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Intuitive Surgical had a net margin of 30.29% and a return on equity of 18.11%. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.54 EPS. On average, analysts forecast that Intuitive Surgical, Inc. will post 9.9 EPS for the current year.

In related news, COO Salvatore Brogna sold 2,090 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $551.79, for a total transaction of $1,153,241.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary S. Guthart sold 28,152 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $520.47, for a total transaction of $14,652,271.44. Following the transaction, the chief executive officer now owns 379,452 shares of the company’s stock, valued at approximately $197,493,382.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,284 shares of company stock valued at $22,205,382. Corporate insiders own 1.70% of the company’s stock.

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About Intuitive Surgical

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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