Intuitive Surgical, Inc. (ISRG) Holdings Cut by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC lessened its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 9.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,845 shares of the medical equipment provider’s stock after selling 3,808 shares during the period. Manning & Napier Advisors LLC’s holdings in Intuitive Surgical were worth $38,534,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Intuitive Surgical by 19.6% during the 2nd quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock valued at $2,548,849,000 after purchasing an additional 447,397 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Intuitive Surgical by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,524,027 shares of the medical equipment provider’s stock valued at $2,360,900,000 after purchasing an additional 20,210 shares in the last quarter. Koch Industries Inc. boosted its stake in shares of Intuitive Surgical by 202,917.0% during the 2nd quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock valued at $1,387,000 after purchasing an additional 1,387,952 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Intuitive Surgical by 3.3% during the 2nd quarter. Alliancebernstein L.P. now owns 690,780 shares of the medical equipment provider’s stock valued at $646,135,000 after purchasing an additional 21,795 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Intuitive Surgical by 1.6% during the 2nd quarter. American Century Companies Inc. now owns 560,621 shares of the medical equipment provider’s stock valued at $524,388,000 after purchasing an additional 8,629 shares in the last quarter. 31.30% of the stock is currently owned by institutional investors and hedge funds.

In other Intuitive Surgical news, Director Lonnie M. Smith sold 580 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $386.76, for a total value of $224,320.80. Following the completion of the transaction, the director now directly owns 559,410 shares in the company, valued at $216,357,411.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Craig H. Barratt sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $371.18, for a total transaction of $5,567,700.00. Following the completion of the transaction, the insider now owns 7,500 shares of the company’s stock, valued at $2,783,850. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,656 shares of company stock valued at $15,432,702. Company insiders own 2.20% of the company’s stock.

Shares of Intuitive Surgical, Inc. (ISRG) traded down $1.32 during midday trading on Friday, reaching $392.48. 550,083 shares of the company traded hands, compared to its average volume of 967,291. The company has a market capitalization of $44,120.00, a price-to-earnings ratio of 51.74, a price-to-earnings-growth ratio of 5.43 and a beta of 0.46. Intuitive Surgical, Inc. has a 12 month low of $203.57 and a 12 month high of $400.00.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.78. The company had revenue of $806.10 million during the quarter, compared to analyst estimates of $753.25 million. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.06 earnings per share. analysts forecast that Intuitive Surgical, Inc. will post 7.85 EPS for the current fiscal year.

ISRG has been the topic of several research reports. Cantor Fitzgerald reissued a “hold” rating and set a $116.67 price objective on shares of Intuitive Surgical in a research note on Friday, July 21st. Barclays PLC boosted their price objective on shares of Intuitive Surgical from $96.67 to $111.11 and gave the stock an “overweight” rating in a research note on Friday, July 21st. They noted that the move was a valuation call. J P Morgan Chase & Co reissued an “overweight” rating and set a $116.67 price objective on shares of Intuitive Surgical in a research note on Friday, July 21st. Royal Bank Of Canada reissued a “hold” rating and set a $111.11 price objective on shares of Intuitive Surgical in a research note on Friday, July 21st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $122.22 price objective (up previously from $94.44) on shares of Intuitive Surgical in a research note on Saturday, July 22nd. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $155.78.

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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.

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

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