L & S Advisors Inc Sells 345 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

L & S Advisors Inc trimmed its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,931 shares of the medical equipment provider’s stock after selling 345 shares during the quarter. L & S Advisors Inc’s holdings in Intuitive Surgical were worth $4,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Flagship Harbor Advisors LLC grew its stake in Intuitive Surgical by 1.8% during the second quarter. Flagship Harbor Advisors LLC now owns 1,073 shares of the medical equipment provider’s stock worth $562,000 after purchasing an additional 19 shares during the period. Wetherby Asset Management Inc. grew its stake in Intuitive Surgical by 1.3% during the first quarter. Wetherby Asset Management Inc. now owns 1,684 shares of the medical equipment provider’s stock worth $961,000 after purchasing an additional 21 shares during the period. Lodestar Investment Counsel LLC IL grew its stake in Intuitive Surgical by 0.6% during the second quarter. Lodestar Investment Counsel LLC IL now owns 3,549 shares of the medical equipment provider’s stock worth $1,862,000 after purchasing an additional 21 shares during the period. Mirova grew its stake in Intuitive Surgical by 10.6% during the second quarter. Mirova now owns 220 shares of the medical equipment provider’s stock worth $115,000 after purchasing an additional 21 shares during the period. Finally, Cornerstone Advisors Inc. grew its stake in Intuitive Surgical by 18.8% during the second quarter. Cornerstone Advisors Inc. now owns 164 shares of the medical equipment provider’s stock worth $86,000 after purchasing an additional 26 shares during the period. Institutional investors own 85.97% of the company’s stock.

In other news, SVP Reiter Kara Andersen sold 4,120 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $540.00, for a total value of $2,224,800.00. Following the transaction, the senior vice president now owns 7,838 shares in the company, valued at $4,232,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jamie Samath sold 130 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $503.50, for a total value of $65,455.00. Following the completion of the transaction, the vice president now owns 219 shares in the company, valued at approximately $110,266.50. The disclosure for this sale can be found here. Insiders sold 25,869 shares of company stock valued at $13,664,252 in the last three months. Insiders own 1.70% of the company’s stock.

Shares of Intuitive Surgical stock opened at $524.64 on Friday. Intuitive Surgical, Inc. has a 52 week low of $430.24 and a 52 week high of $589.32. The stock has a 50 day moving average price of $508.23 and a two-hundred day moving average price of $522.18. The stock has a market capitalization of $60.46 billion, a PE ratio of 55.28, a price-to-earnings-growth ratio of 3.89 and a beta of 1.13.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, July 18th. The medical equipment provider reported $3.25 EPS for the quarter, beating the Zacks’ consensus estimate of $2.23 by $1.02. Intuitive Surgical had a return on equity of 17.35% and a net margin of 29.95%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the firm posted $2.76 earnings per share. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. As a group, analysts expect that Intuitive Surgical, Inc. will post 10.12 earnings per share for the current fiscal year.

Several equities research analysts recently commented on the company. Canaccord Genuity reaffirmed a “buy” rating and set a $610.00 target price (up previously from $575.00) on shares of Intuitive Surgical in a research note on Friday, July 19th. Northland Securities set a $375.00 target price on Intuitive Surgical and gave the stock a “sell” rating in a research note on Friday, July 19th. Morgan Stanley set a $620.00 price objective on Intuitive Surgical and gave the company a “buy” rating in a research note on Friday, July 19th. BidaskClub cut Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Piper Jaffray Companies raised their price objective on Intuitive Surgical from $610.00 to $633.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $575.33.

Intuitive Surgical Company Profile

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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