Intuitive Surgical, Inc. (ISRG) is Disciplined Growth Investors Inc. MN’s 9th Largest Position

Disciplined Growth Investors Inc. MN trimmed its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,816 shares of the medical equipment provider’s stock after selling 2,766 shares during the period. Intuitive Surgical makes up about 3.1% of Disciplined Growth Investors Inc. MN’s portfolio, making the stock its 9th largest holding. Disciplined Growth Investors Inc. MN owned 0.13% of Intuitive Surgical worth $147,277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Perceptive Advisors LLC lifted its position in Intuitive Surgical by 21.7% in the third quarter. Perceptive Advisors LLC now owns 25,195 shares of the medical equipment provider’s stock worth $26,351,000 after purchasing an additional 4,500 shares during the period. Orbimed Advisors LLC lifted its position in Intuitive Surgical by 17.0% in the third quarter. Orbimed Advisors LLC now owns 56,400 shares of the medical equipment provider’s stock worth $58,988,000 after purchasing an additional 8,200 shares during the period. Premier Asset Management LLC lifted its position in Intuitive Surgical by 5.1% in the third quarter. Premier Asset Management LLC now owns 9,328 shares of the medical equipment provider’s stock worth $9,756,000 after purchasing an additional 455 shares during the period. Janus Henderson Group PLC lifted its position in Intuitive Surgical by 42.0% in the third quarter. Janus Henderson Group PLC now owns 585,196 shares of the medical equipment provider’s stock worth $612,042,000 after purchasing an additional 173,026 shares during the period. Finally, Vident Investment Advisory LLC lifted its position in Intuitive Surgical by 69.8% in the third quarter. Vident Investment Advisory LLC now owns 24,131 shares of the medical equipment provider’s stock worth $25,238,000 after purchasing an additional 9,918 shares during the period. Hedge funds and other institutional investors own 32.81% of the company’s stock.

Shares of Intuitive Surgical, Inc. (ISRG) opened at $379.61 on Monday. Intuitive Surgical, Inc. has a one year low of $206.27 and a one year high of $405.05. The stock has a market cap of $42,530.00, a price-to-earnings ratio of 50.23, a price-to-earnings-growth ratio of 5.27 and a beta of 0.48.

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. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The company had revenue of $806.10 million for the quarter, compared to the consensus estimate of $753.25 million. During the same period in the previous year, the business earned $2.06 EPS. The company’s revenue was up 18.0% on a year-over-year basis. equities research analysts anticipate that Intuitive Surgical, Inc. will post 7.85 EPS for the current year.

In other Intuitive Surgical news, insider Craig H. Barratt sold 15,000 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $371.18, for a total transaction of $5,567,700.00. Following the sale, the insider now directly owns 7,500 shares of the company’s stock, valued at approximately $2,783,850. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Curet Myriam sold 262 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $373.00, for a total transaction of $97,726.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,944 shares of company stock worth $21,432,971. Company insiders own 2.20% of the company’s stock.

A number of equities research analysts have weighed in on the company. Vetr upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $113.37 target price for the company in a research report on Thursday, August 17th. Wedbush reiterated a “buy” rating on shares of Intuitive Surgical in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $436.00 price objective for the company in a research report on Tuesday, November 14th. Royal Bank Of Canada reiterated a “hold” rating and set a $333.33 price objective on shares of Intuitive Surgical in a research report on Friday, September 1st. Finally, Canaccord Genuity reiterated a “hold” rating on shares of Intuitive Surgical in a research report on Tuesday, October 17th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $155.78.

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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.

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

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