Baillie Gifford & Co. Has $1.32 Billion Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Baillie Gifford & Co. lessened its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) by 0.2% in the first quarter, HoldingsChannel.com reports. The fund owned 4,391,340 shares of the medical equipment provider’s stock after selling 10,066 shares during the period. Intuitive Surgical comprises approximately 0.9% of Baillie Gifford & Co.’s portfolio, making the stock its 26th biggest holding. Baillie Gifford & Co.’s holdings in Intuitive Surgical were worth $1,324,779,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Intuitive Surgical by 197.3% during the fourth quarter. BlackRock Inc. now owns 26,538,660 shares of the medical equipment provider’s stock worth $9,535,341,000 after purchasing an additional 17,612,768 shares during the last quarter. State Street Corp lifted its position in shares of Intuitive Surgical by 209.4% during the 4th quarter. State Street Corp now owns 14,834,746 shares of the medical equipment provider’s stock worth $5,330,124,000 after buying an additional 10,040,407 shares during the last quarter. Capital World Investors boosted its stake in Intuitive Surgical by 165.4% in the fourth quarter. Capital World Investors now owns 9,658,541 shares of the medical equipment provider’s stock valued at $3,470,421,000 after buying an additional 6,018,962 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Intuitive Surgical by 238.2% in the fourth quarter. Alliancebernstein L.P. now owns 6,287,228 shares of the medical equipment provider’s stock valued at $2,259,001,000 after buying an additional 4,428,375 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Intuitive Surgical by 207.0% in the fourth quarter. Geode Capital Management LLC now owns 6,385,862 shares of the medical equipment provider’s stock valued at $2,288,520,000 after acquiring an additional 4,305,989 shares during the last quarter. Institutional investors and hedge funds own 83.69% of the company’s stock.

Shares of NASDAQ:ISRG traded up $0.81 during midday trading on Friday, reaching $201.52. The company’s stock had a trading volume of 16,776 shares, compared to its average volume of 2,167,662. Intuitive Surgical, Inc. has a fifty-two week low of $186.83 and a fifty-two week high of $369.69. The firm has a 50 day moving average price of $218.05 and a two-hundred day moving average price of $271.92. The firm has a market capitalization of $72.34 billion, a price-to-earnings ratio of 44.64, a PEG ratio of 4.78 and a beta of 1.26.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last issued its earnings results on Thursday, April 21st. The medical equipment provider reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.07. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.43 billion. Intuitive Surgical had a return on equity of 14.16% and a net margin of 27.84%. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share. As a group, sell-side analysts anticipate that Intuitive Surgical, Inc. will post 4.14 EPS for the current year.

In other Intuitive Surgical news, EVP Myriam Curet sold 6,000 shares of the firm’s stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $252.51, for a total value of $1,515,060.00. Following the completion of the sale, the executive vice president now directly owns 361 shares in the company, valued at $91,156.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by insiders.

A number of research firms have recently weighed in on ISRG. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Intuitive Surgical from $300.00 to $225.00 and set a “hold” rating on the stock in a research note on Wednesday, June 22nd. Evercore ISI decreased their target price on shares of Intuitive Surgical from $294.00 to $280.00 in a research note on Friday, April 22nd. Morgan Stanley dropped their price target on Intuitive Surgical from $325.00 to $300.00 and set an “equal weight” rating for the company in a research note on Monday, April 25th. Citigroup reduced their price objective on Intuitive Surgical from $360.00 to $305.00 in a research report on Tuesday, May 17th. Finally, Raymond James dropped their target price on Intuitive Surgical from $334.00 to $330.00 and set an “outperform” rating for the company in a research report on Friday, April 22nd. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.24.

About Intuitive Surgical (Get Rating)

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 to enable 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.

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

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