Ladenburg Thalmann Financial Services Inc. Increases Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 23.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,291 shares of the medical equipment provider’s stock after acquiring an additional 2,563 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Intuitive Surgical were worth $6,979,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. MAI Capital Management grew its position in shares of Intuitive Surgical by 5.7% in the 2nd quarter. MAI Capital Management now owns 427 shares of the medical equipment provider’s stock worth $224,000 after acquiring an additional 23 shares in the last quarter. Eaton Vance Management grew its position in shares of Intuitive Surgical by 15.0% in the 2nd quarter. Eaton Vance Management now owns 388,021 shares of the medical equipment provider’s stock worth $203,534,000 after acquiring an additional 50,628 shares in the last quarter. Summit Global Investments grew its position in shares of Intuitive Surgical by 4.0% in the 2nd quarter. Summit Global Investments now owns 1,251 shares of the medical equipment provider’s stock worth $656,000 after acquiring an additional 48 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Intuitive Surgical by 12.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,507 shares of the medical equipment provider’s stock worth $4,462,000 after acquiring an additional 958 shares in the last quarter. Finally, BRYN MAWR TRUST Co grew its position in shares of Intuitive Surgical by 30.5% in the 2nd quarter. BRYN MAWR TRUST Co now owns 1,498 shares of the medical equipment provider’s stock worth $785,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 85.87% of the company’s stock.

NASDAQ:ISRG traded up $5.62 during midday trading on Monday, reaching $539.35. 9,023 shares of the company traded hands, compared to its average volume of 624,908. Intuitive Surgical, Inc. has a twelve month low of $430.24 and a twelve month high of $589.32. The firm has a market capitalization of $62.62 billion, a price-to-earnings ratio of 56.97, a price-to-earnings-growth ratio of 3.99 and a beta of 1.13. The company has a fifty day moving average price of $510.99 and a 200 day moving average price of $520.87.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, July 18th. The medical equipment provider reported $3.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.23 by $1.02. Intuitive Surgical had a return on equity of 17.35% and a net margin of 29.95%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $2.76 EPS. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. On average, sell-side analysts predict that Intuitive Surgical, Inc. will post 10.12 earnings per share for the current year.

Several research analysts have recently commented on ISRG shares. Canaccord Genuity reiterated a “buy” rating and issued a $610.00 target price (up previously from $575.00) on shares of Intuitive Surgical in a research report on Friday, July 19th. UBS Group set a $560.00 target price on Intuitive Surgical and gave the stock a “hold” rating in a research report on Friday, July 19th. Piper Jaffray Companies lifted their target price on Intuitive Surgical from $610.00 to $633.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. BidaskClub lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, ValuEngine lowered Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $575.33.

In related news, VP Jamie Samath sold 259 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $532.14, for a total transaction of $137,824.26. Following the completion of the transaction, the vice president now owns 277 shares in the company, valued at approximately $147,402.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Salvatore Brogna sold 1,171 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $505.23, for a total value of $591,624.33. Following the transaction, the chief operating officer now owns 5,933 shares of the company’s stock, valued at approximately $2,997,529.59. The disclosure for this sale can be found here. Insiders have sold a total of 25,869 shares of company stock valued at $13,664,252 in the last 90 days. Insiders own 1.70% of the company’s stock.

About Intuitive Surgical

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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