Cubist Systematic Strategies LLC Has $1.51 Million Position in Intuitive Surgical, Inc. (ISRG)

Cubist Systematic Strategies LLC trimmed its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 29.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,442 shares of the medical equipment provider’s stock after selling 610 shares during the period. Cubist Systematic Strategies LLC’s holdings in Intuitive Surgical were worth $1,508,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. ETF Managers Group LLC acquired a new stake in Intuitive Surgical in the second quarter valued at approximately $110,000. Harvest Fund Management Co. Ltd acquired a new stake in Intuitive Surgical in the second quarter valued at approximately $120,000. Parallel Advisors LLC grew its holdings in Intuitive Surgical by 3.9% in the second quarter. Parallel Advisors LLC now owns 159 shares of the medical equipment provider’s stock valued at $149,000 after purchasing an additional 6 shares during the period. Lincoln National Corp acquired a new stake in Intuitive Surgical in the third quarter valued at approximately $200,000. Finally, MUFG Americas Holdings Corp acquired a new stake in Intuitive Surgical in the third quarter valued at approximately $208,000. 32.80% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on ISRG shares. Wedbush restated a “buy” rating on shares of Intuitive Surgical in a research report on Tuesday, October 10th. Barclays restated an “overweight” rating on shares of Intuitive Surgical in a research report on Friday, October 20th. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 target price on the stock in a research report on Tuesday, December 12th. Vetr upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $340.77 target price on the stock in a research report on Monday, August 28th. Finally, Canaccord Genuity restated a “hold” rating on shares of Intuitive Surgical in a research report on Tuesday, October 17th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $335.32.

In related news, SVP Mark J. Meltzer sold 3,000 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $400.00, for a total transaction of $1,200,000.00. Following the completion of the transaction, the senior vice president now directly owns 9,888 shares of the company’s stock, valued at approximately $3,955,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig H. Barratt sold 15,000 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $371.18, for a total value of $5,567,700.00. Following the transaction, the insider now directly owns 7,500 shares of the company’s stock, valued at $2,783,850. The disclosure for this sale can be found here. Insiders have sold a total of 55,944 shares of company stock valued at $21,432,971 over the last three months. 2.20% of the stock is currently owned by insiders.

Shares of Intuitive Surgical, Inc. (ISRG) opened at $369.87 on Friday. Intuitive Surgical, Inc. has a one year low of $208.24 and a one year high of $405.05. The firm has a market capitalization of $42,510.00, a price-to-earnings ratio of 47.71, a PEG ratio of 5.01 and a beta of 0.48.

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

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Intuitive Surgical Profile

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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