Ameriprise Financial Inc. Trims Holdings in Intuitive Surgical, Inc. $ISRG

Ameriprise Financial Inc. reduced its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,654,927 shares of the medical equipment provider’s stock after selling 31,910 shares during the period. Ameriprise Financial Inc. owned approximately 0.46% of Intuitive Surgical worth $899,927,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Connecticut Wealth Management LLC grew its holdings in shares of Intuitive Surgical by 9.8% during the second quarter. Connecticut Wealth Management LLC now owns 1,285 shares of the medical equipment provider’s stock worth $698,000 after buying an additional 115 shares during the last quarter. Lighthouse Investment Partners LLC lifted its position in Intuitive Surgical by 860.0% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 4,800 shares of the medical equipment provider’s stock worth $2,608,000 after acquiring an additional 4,300 shares during the period. Florida Financial Advisors LLC purchased a new position in shares of Intuitive Surgical in the 2nd quarter valued at approximately $295,000. MGB Wealth Management LLC purchased a new position in shares of Intuitive Surgical in the 2nd quarter valued at approximately $264,000. Finally, California State Teachers Retirement System increased its holdings in shares of Intuitive Surgical by 1.8% in the second quarter. California State Teachers Retirement System now owns 560,780 shares of the medical equipment provider’s stock valued at $304,733,000 after purchasing an additional 10,074 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Surgical Price Performance

NASDAQ ISRG opened at $542.32 on Friday. The business has a 50 day moving average price of $529.62 and a 200 day moving average price of $506.00. The company has a market capitalization of $194.41 billion, a P/E ratio of 71.74, a PEG ratio of 5.03 and a beta of 1.68. Intuitive Surgical, Inc. has a 1-year low of $425.00 and a 1-year high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.41. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the company earned $1.84 earnings per share. Intuitive Surgical’s revenue was up 22.9% compared to the same quarter last year. On average, research analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ISRG shares. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Intuitive Surgical in a research report on Friday, August 22nd. Leerink Partners raised their target price on shares of Intuitive Surgical from $593.00 to $600.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Wall Street Zen lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Evercore ISI increased their price target on shares of Intuitive Surgical from $450.00 to $540.00 in a report on Wednesday, October 22nd. Finally, HSBC raised their price objective on shares of Intuitive Surgical from $595.00 to $644.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $608.79.

Insider Transactions at Intuitive Surgical

In other Intuitive Surgical news, EVP Myriam Curet sold 104 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $559.90, for a total transaction of $58,229.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig H. Barratt sold 750 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $580.00, for a total transaction of $435,000.00. The SEC filing for this sale provides additional information. Insiders sold 109,043 shares of company stock worth $60,816,225 in the last 90 days. Insiders own 0.70% of the company’s stock.

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.