Meristem Family Wealth LLC Acquires New Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Meristem Family Wealth LLC bought a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 392 shares of the medical equipment provider’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its holdings in shares of Intuitive Surgical by 31,963.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,679,377 shares of the medical equipment provider’s stock valued at $31,000 after purchasing an additional 14,633,595 shares during the period. BlackRock Inc. raised its holdings in shares of Intuitive Surgical by 7.3% during the fourth quarter. BlackRock Inc. now owns 8,327,815 shares of the medical equipment provider’s stock valued at $3,988,358,000 after purchasing an additional 569,388 shares during the period. Vanguard Group Inc increased its position in shares of Intuitive Surgical by 0.4% during the third quarter. Vanguard Group Inc now owns 8,313,421 shares of the medical equipment provider’s stock worth $4,771,903,000 after acquiring an additional 29,260 shares in the last quarter. Morgan Stanley increased its position in shares of Intuitive Surgical by 119.5% during the third quarter. Morgan Stanley now owns 2,856,195 shares of the medical equipment provider’s stock worth $1,639,456,000 after acquiring an additional 1,554,896 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of Intuitive Surgical by 40.5% during the fourth quarter. Jennison Associates LLC now owns 1,949,684 shares of the medical equipment provider’s stock worth $933,743,000 after acquiring an additional 562,441 shares in the last quarter. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on ISRG. Zacks Investment Research downgraded shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Cantor Fitzgerald set a $620.00 price objective on shares of Intuitive Surgical and gave the stock a “buy” rating in a research report on Thursday, April 4th. Deutsche Bank began coverage on shares of Intuitive Surgical in a research report on Monday, April 1st. They issued a “buy” rating and a $630.00 price objective for the company. Raymond James upped their price objective on shares of Intuitive Surgical from $600.00 to $630.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Finally, BidaskClub downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $576.82.

In other Intuitive Surgical news, VP Jamie Samath sold 2,236 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $547.36, for a total value of $1,223,896.96. Following the sale, the vice president now owns 636 shares of the company’s stock, valued at approximately $348,120.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Salvatore Brogna sold 2,090 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $551.79, for a total transaction of $1,153,241.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,855 shares of company stock worth $15,668,588. 1.70% of the stock is owned by insiders.

NASDAQ ISRG traded up $1.81 on Wednesday, hitting $485.37. The stock had a trading volume of 404,382 shares, compared to its average volume of 770,239. The stock has a market capitalization of $56.59 billion, a PE ratio of 51.15, a P/E/G ratio of 4.28 and a beta of 1.02. Intuitive Surgical, Inc. has a 52-week low of $430.24 and a 52-week high of $589.32.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, April 18th. The medical equipment provider reported $2.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($0.09). The company had revenue of $974.00 million for the quarter, compared to analysts’ expectations of $975.27 million. Intuitive Surgical had a net margin of 29.78% and a return on equity of 17.33%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.44 EPS. On average, analysts forecast that Intuitive Surgical, Inc. will post 9.4 EPS for the current fiscal year.

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Intuitive Surgical 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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