TD Waterhouse Canada Inc. Has $6.41 Million Holdings in Intuitive Surgical, Inc. $ISRG

TD Waterhouse Canada Inc. cut its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 25.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,638 shares of the medical equipment provider’s stock after selling 4,907 shares during the period. TD Waterhouse Canada Inc.’s holdings in Intuitive Surgical were worth $6,412,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ISRG. Tobam lifted its stake in Intuitive Surgical by 666.7% in the second quarter. Tobam now owns 46 shares of the medical equipment provider’s stock valued at $25,000 after buying an additional 40 shares during the period. Kilter Group LLC bought a new stake in Intuitive Surgical during the 2nd quarter worth approximately $27,000. Princeton Global Asset Management LLC bought a new stake in shares of Intuitive Surgical during the second quarter worth $30,000. Riggs Asset Managment Co. Inc. increased its holdings in Intuitive Surgical by 84.2% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 70 shares of the medical equipment provider’s stock worth $38,000 after purchasing an additional 32 shares in the last quarter. Finally, First Command Advisory Services Inc. raised its position in Intuitive Surgical by 3,750.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 77 shares of the medical equipment provider’s stock valued at $42,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Intuitive Surgical Price Performance

NASDAQ:ISRG opened at $504.22 on Friday. The company has a market cap of $180.75 billion, a price-to-earnings ratio of 63.91, a PEG ratio of 3.92 and a beta of 1.67. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $609.08. The stock’s 50 day simple moving average is $558.64 and its two-hundred day simple moving average is $511.63.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.26. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.Intuitive Surgical’s revenue was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.21 EPS. As a group, analysts anticipate that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ISRG shares. Evercore ISI lowered their price objective on shares of Intuitive Surgical from $580.00 to $550.00 and set an “in-line” rating on the stock in a report on Friday, January 23rd. Raymond James Financial raised their price objective on shares of Intuitive Surgical from $603.00 to $615.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Wall Street Zen raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Zacks Research cut shares of Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Finally, Argus raised their price target on shares of Intuitive Surgical from $600.00 to $630.00 in a report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $620.41.

Insider Buying and Selling

In other news, VP Fredrik Widman sold 2,067 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $550.00, for a total transaction of $1,136,850.00. Following the completion of the transaction, the vice president directly owned 473 shares of the company’s stock, valued at approximately $260,150. This represents a 81.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary S. Guthart sold 24,500 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $530.10, for a total value of $12,987,450.00. Following the completion of the transaction, the director owned 3,694 shares in the company, valued at $1,958,189.40. This trade represents a 86.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 75,683 shares of company stock valued at $42,066,425 in the last three months. 0.70% of the stock is currently owned by company insiders.

About Intuitive Surgical

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.