First Bank & Trust Has $796,000 Stake in Intuitive Surgical, Inc. (ISRG)

First Bank & Trust lifted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 192.5% during the fourth quarter, HoldingsChannel reports. The firm owned 2,182 shares of the medical equipment provider’s stock after acquiring an additional 1,436 shares during the quarter. First Bank & Trust’s holdings in Intuitive Surgical were worth $796,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Valicenti Advisory Services Inc. increased its holdings in shares of Intuitive Surgical by 186.7% during the 4th quarter. Valicenti Advisory Services Inc. now owns 16,779 shares of the medical equipment provider’s stock worth $6,123,000 after acquiring an additional 10,926 shares during the last quarter. Alpha Windward LLC increased its holdings in shares of Intuitive Surgical by 176.5% during the 4th quarter. Alpha Windward LLC now owns 741 shares of the medical equipment provider’s stock worth $270,000 after acquiring an additional 473 shares during the last quarter. Westpac Banking Corp increased its holdings in shares of Intuitive Surgical by 704.7% during the 4th quarter. Westpac Banking Corp now owns 22,267 shares of the medical equipment provider’s stock worth $8,126,000 after acquiring an additional 19,500 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Intuitive Surgical by 143.6% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,727 shares of the medical equipment provider’s stock worth $630,000 after acquiring an additional 1,018 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Intuitive Surgical by 214.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 386,037 shares of the medical equipment provider’s stock worth $140,881,000 after acquiring an additional 263,157 shares during the last quarter. Institutional investors own 32.82% of the company’s stock.

A number of research firms recently weighed in on ISRG. Barclays reissued an “overweight” rating and set a $465.00 target price on shares of Intuitive Surgical in a report on Thursday, January 11th. BidaskClub raised Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 11th. Leerink Swann reissued an “outperform” rating and set a $475.00 target price (up from $390.00) on shares of Intuitive Surgical in a report on Thursday. Wells Fargo & Co reissued a “buy” rating on shares of Intuitive Surgical in a report on Monday, October 16th. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Intuitive Surgical in a report on Saturday, November 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Intuitive Surgical has a consensus rating of “Buy” and a consensus price target of $368.71.

Shares of Intuitive Surgical, Inc. (ISRG) traded up $0.21 during midday trading on Thursday, reaching $431.31. The company’s stock had a trading volume of 454,158 shares, compared to its average volume of 1,069,345. Intuitive Surgical, Inc. has a 52-week low of $217.19 and a 52-week high of $432.23. The firm has a market cap of $48,140.00, a price-to-earnings ratio of 55.72, a price-to-earnings-growth ratio of 5.23 and a beta of 0.47.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.78. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. The firm had revenue of $806.10 million for the quarter, compared to analyst estimates of $753.25 million. During the same period in the prior year, the firm posted $2.06 EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. sell-side analysts forecast that Intuitive Surgical, Inc. will post 7.98 earnings per share for the current fiscal year.

In other news, CFO Marshall Mohr sold 6,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $372.22, for a total transaction of $2,233,320.00. Following the completion of the sale, the chief financial officer now directly owns 12,316 shares in the company, valued at approximately $4,584,261.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Mark J. Meltzer sold 3,000 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $400.00, for a total value of $1,200,000.00. Following the sale, the senior vice president now owns 9,888 shares of the company’s stock, valued at $3,955,200. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,944 shares of company stock worth $21,432,971. Insiders own 2.20% of the company’s stock.

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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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