Fayez Sarofim & Co. Has $47.44 Million Holdings in Intuitive Surgical, Inc. (ISRG)

Fayez Sarofim & Co. cut its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 50,717 shares of the medical equipment provider’s stock after selling 764 shares during the period. Fayez Sarofim & Co. owned 0.14% of Intuitive Surgical worth $47,439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. raised its holdings in Intuitive Surgical by 2,770.9% in the 1st quarter. BlackRock Inc. now owns 2,846,621 shares of the medical equipment provider’s stock valued at $2,181,851,000 after acquiring an additional 2,747,465 shares during the last quarter. Vanguard Group Inc. raised its holdings in Intuitive Surgical by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 2,503,817 shares of the medical equipment provider’s stock valued at $1,919,101,000 after acquiring an additional 30,306 shares during the last quarter. FMR LLC raised its holdings in Intuitive Surgical by 3.4% in the 1st quarter. FMR LLC now owns 2,277,567 shares of the medical equipment provider’s stock valued at $1,745,686,000 after acquiring an additional 75,894 shares during the last quarter. Edgewood Management LLC raised its holdings in Intuitive Surgical by 38.8% in the 1st quarter. Edgewood Management LLC now owns 919,617 shares of the medical equipment provider’s stock valued at $704,859,000 after acquiring an additional 257,165 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Intuitive Surgical by 3.3% in the 2nd quarter. Alliancebernstein L.P. now owns 690,780 shares of the medical equipment provider’s stock valued at $646,135,000 after acquiring an additional 21,795 shares during the last quarter. Institutional investors own 94.23% of the company’s stock.

ISRG has been the subject of several research reports. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $341.33 price objective for the company in a research note on Wednesday, May 31st. Leerink Swann reissued an “outperform” rating on shares of Intuitive Surgical in a research note on Wednesday, July 5th. Barclays PLC boosted their price objective on shares of Intuitive Surgical from $290.00 to $333.33 and gave the company an “overweight” rating in a research note on Friday, July 21st. They noted that the move was a valuation call. Morgan Stanley reissued an “overweight” rating and set a $356.67 price objective (up from $316.67) on shares of Intuitive Surgical in a research note on Tuesday, July 25th. Finally, Vetr raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $340.77 price objective for the company in a research note on Monday, August 28th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $366.12.

Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) traded down 0.24% during mid-day trading on Friday, reaching $1038.03. 370,043 shares of the company were exchanged. The firm’s 50-day moving average is $984.34 and its 200-day moving average is $884.74. The company has a market capitalization of $38.56 billion, a price-to-earnings ratio of 49.72 and a beta of 0.38. Intuitive Surgical, Inc. has a 12 month low of $610.71 and a 12 month high of $1,054.77. Intuitive Surgical shares are going to split on Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly created shares will be distributed to shareholders after the market closes on Thursday, October 5th.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.05. The business had revenue of $756.20 million for the quarter, compared to the consensus estimate of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. Intuitive Surgical’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.87 EPS. On average, equities analysts forecast that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current fiscal year.

In other news, CEO Gary S. Guthart sold 17,975 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $937.27, for a total transaction of $16,847,428.25. Following the transaction, the chief executive officer now owns 101,798 shares in the company, valued at approximately $95,412,211.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark J. Meltzer sold 500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $1,025.00, for a total transaction of $512,500.00. Following the transaction, the senior vice president now owns 2,796 shares in the company, valued at approximately $2,865,900. The disclosure for this sale can be found here. Insiders have sold a total of 23,172 shares of company stock worth $21,923,487 in the last 90 days. 2.20% of the stock is owned by insiders.

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About Intuitive Surgical

Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.

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

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