Intuitive Surgical, Inc. (NASDAQ:ISRG) Position Boosted by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its position in Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) by 51.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 542 shares of the medical equipment provider’s stock after purchasing an additional 185 shares during the period. EverSource Wealth Advisors LLC’s holdings in Intuitive Surgical were worth $163,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Investment Partners LTD. lifted its position in shares of Intuitive Surgical by 4.8% during the 1st quarter. Investment Partners LTD. now owns 768 shares of the medical equipment provider’s stock valued at $232,000 after acquiring an additional 35 shares during the period. Transcend Capital Advisors LLC lifted its holdings in shares of Intuitive Surgical by 4.9% in the 1st quarter. Transcend Capital Advisors LLC now owns 880 shares of the medical equipment provider’s stock worth $265,000 after purchasing an additional 41 shares in the last quarter. BLB&B Advisors LLC grew its holdings in shares of Intuitive Surgical by 6.9% during the first quarter. BLB&B Advisors LLC now owns 693 shares of the medical equipment provider’s stock valued at $209,000 after buying an additional 45 shares during the last quarter. Venture Visionary Partners LLC increased its position in shares of Intuitive Surgical by 1.5% during the first quarter. Venture Visionary Partners LLC now owns 3,024 shares of the medical equipment provider’s stock worth $912,000 after acquiring an additional 45 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC lifted its position in Intuitive Surgical by 2.0% in the 1st quarter. Douglass Winthrop Advisors LLC now owns 2,308 shares of the medical equipment provider’s stock valued at $696,000 after acquiring an additional 46 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Surgical Trading Down 1.6 %

Intuitive Surgical stock opened at $206.28 on Friday. The firm has a market capitalization of $73.66 billion, a price-to-earnings ratio of 53.34, a P/E/G ratio of 5.87 and a beta of 1.31. The firm has a 50 day simple moving average of $219.89 and a 200 day simple moving average of $237.14. Intuitive Surgical, Inc. has a 1-year low of $186.83 and a 1-year high of $369.69.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last released its quarterly earnings data on Thursday, July 21st. The medical equipment provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.13. Intuitive Surgical had a return on equity of 12.04% and a net margin of 24.05%. During the same quarter last year, the business posted $1.42 EPS. On average, equities research analysts forecast that Intuitive Surgical, Inc. will post 3.76 EPS for the current year.

Insider Activity

In related news, EVP Myriam Curet sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $225.00, for a total transaction of $2,025,000.00. Following the sale, the executive vice president now owns 217 shares of the company’s stock, valued at approximately $48,825. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Myriam Curet sold 9,000 shares of Intuitive Surgical stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $225.00, for a total transaction of $2,025,000.00. Following the completion of the sale, the executive vice president now owns 217 shares of the company’s stock, valued at $48,825. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Amal M. Johnson sold 6,375 shares of the company’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $210.76, for a total value of $1,343,595.00. Following the completion of the transaction, the director now owns 11,224 shares in the company, valued at $2,365,570.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,162 shares of company stock worth $22,062,916. 0.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Stifel Nicolaus boosted their price objective on Intuitive Surgical from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, September 9th. Raymond James lowered their target price on shares of Intuitive Surgical from $294.00 to $255.00 in a report on Friday, July 22nd. BTIG Research dropped their price target on shares of Intuitive Surgical from $355.00 to $247.00 and set a “buy” rating on the stock in a research report on Monday, July 18th. The Goldman Sachs Group decreased their price objective on shares of Intuitive Surgical from $319.00 to $273.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Finally, Wells Fargo & Company reduced their target price on Intuitive Surgical to $265.00 in a report on Friday, July 22nd. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and a consensus price target of $268.00.

Intuitive Surgical Profile

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Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System to enable complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.

See Also

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

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