Intuitive Surgical, Inc. (ISRG) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,795 shares of the medical equipment provider’s stock after purchasing an additional 928 shares during the period. Envestnet Asset Management Inc.’s holdings in Intuitive Surgical were worth $17,563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its holdings in shares of Intuitive Surgical by 282.9% during the 3rd quarter. Private Advisor Group LLC now owns 4,981 shares of the medical equipment provider’s stock valued at $1,793,000 after buying an additional 3,680 shares during the period. Stifel Financial Corp raised its holdings in shares of Intuitive Surgical by 47.3% during the 3rd quarter. Stifel Financial Corp now owns 12,308 shares of the medical equipment provider’s stock valued at $10,544,000 after buying an additional 3,952 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Intuitive Surgical by 4.9% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 6,458 shares of the medical equipment provider’s stock valued at $2,251,000 after buying an additional 300 shares during the period. KBC Group NV raised its holdings in shares of Intuitive Surgical by 9.5% during the 3rd quarter. KBC Group NV now owns 5,818 shares of the medical equipment provider’s stock valued at $2,028,000 after buying an additional 504 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Intuitive Surgical by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 64,903 shares of the medical equipment provider’s stock valued at $67,869,000 after buying an additional 276 shares during the period. 32.81% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently commented on ISRG. Goldman Sachs Group reiterated a “buy” rating on shares of Intuitive Surgical in a report on Saturday, November 18th. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $436.00 target price on the stock in a report on Tuesday, November 14th. Barclays reiterated an “overweight” rating on shares of Intuitive Surgical in a report on Friday, October 20th. Canaccord Genuity reiterated a “hold” rating on shares of Intuitive Surgical in a report on Tuesday, October 17th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Intuitive Surgical in a report on Monday, October 16th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Intuitive Surgical has a consensus rating of “Buy” and an average target price of $155.78.

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at $369.50 on Wednesday. Intuitive Surgical, Inc. has a twelve month low of $203.57 and a twelve month high of $405.05. The stock has a market capitalization of $44,444.88, a P/E ratio of 52.49, a price-to-earnings-growth ratio of 5.51 and a beta of 0.48.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.78. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. The company had revenue of $806.10 million for the quarter, compared to the consensus estimate of $753.25 million. During the same period in the previous year, the business earned $2.06 EPS. Intuitive Surgical’s revenue for the quarter was up 18.0% compared to the same quarter last year. analysts forecast that Intuitive Surgical, Inc. will post 7.85 EPS for the current year.

In other Intuitive Surgical news, VP Jamie Samath sold 1,564 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $371.19, for a total transaction of $580,541.16. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Craig H. Barratt sold 15,000 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $371.18, for a total value of $5,567,700.00. Following the completion of the transaction, the insider now owns 7,500 shares of the company’s stock, valued at approximately $2,783,850. The disclosure for this sale can be found here. Insiders have sold a total of 55,944 shares of company stock worth $21,432,971 over the last 90 days. 2.20% of the stock is owned by company insiders.

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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.

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

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