Motley Fool Asset Management LLC Buys 2,924 Shares of Intuitive Surgical, Inc. $ISRG

Motley Fool Asset Management LLC grew its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 15.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,448 shares of the medical equipment provider’s stock after acquiring an additional 2,924 shares during the period. Motley Fool Asset Management LLC’s holdings in Intuitive Surgical were worth $12,198,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of Intuitive Surgical by 31.1% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 2,136 shares of the medical equipment provider’s stock valued at $1,161,000 after acquiring an additional 507 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Intuitive Surgical by 18.1% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 84,779 shares of the medical equipment provider’s stock valued at $46,070,000 after acquiring an additional 13,000 shares in the last quarter. Advisory Alpha LLC grew its holdings in shares of Intuitive Surgical by 7.0% in the 2nd quarter. Advisory Alpha LLC now owns 2,253 shares of the medical equipment provider’s stock valued at $1,224,000 after acquiring an additional 147 shares in the last quarter. Rossby Financial LCC grew its holdings in shares of Intuitive Surgical by 55.1% in the 2nd quarter. Rossby Financial LCC now owns 304 shares of the medical equipment provider’s stock valued at $165,000 after acquiring an additional 108 shares in the last quarter. Finally, SYM FINANCIAL Corp grew its holdings in shares of Intuitive Surgical by 1.2% in the 2nd quarter. SYM FINANCIAL Corp now owns 2,288 shares of the medical equipment provider’s stock valued at $1,243,000 after acquiring an additional 27 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Up 0.9%

Shares of ISRG stock opened at $551.25 on Tuesday. The firm has a 50 day moving average price of $459.49 and a two-hundred day moving average price of $497.31. The company has a market capitalization of $197.61 billion, a PE ratio of 72.92, a price-to-earnings-growth ratio of 5.02 and a beta of 1.61. Intuitive Surgical, Inc. has a 12-month low of $425.00 and a 12-month high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.41. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.41 billion. Intuitive Surgical had a net margin of 28.58% and a return on equity of 15.08%. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period last year, the business posted $1.84 earnings per share. As a group, research analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, Director Craig H. Barratt sold 2,193 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $548.01, for a total transaction of $1,201,785.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary S. Guthart sold 2,800 shares of Intuitive Surgical stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $546.27, for a total transaction of $1,529,556.00. Following the completion of the sale, the insider owned 17,120 shares of the company’s stock, valued at approximately $9,352,142.40. The trade was a 14.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,324 shares of company stock valued at $46,093,939. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ISRG. Evercore ISI reduced their price target on Intuitive Surgical from $535.00 to $450.00 and set an “in-line” rating for the company in a report on Tuesday, October 7th. Leerink Partners lifted their price target on Intuitive Surgical from $593.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. BTIG Research lifted their price target on Intuitive Surgical from $529.00 to $589.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Erste Group Bank reiterated a “hold” rating on shares of Intuitive Surgical in a report on Wednesday, July 23rd. Finally, Rothschild & Co Redburn lifted their price target on Intuitive Surgical from $610.00 to $615.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $603.38.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.