NBC Securities Inc. Purchases Shares of 273 Intuitive Surgical, Inc. (NASDAQ:ISRG)

NBC Securities Inc. acquired a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 273 shares of the medical equipment provider’s stock, valued at approximately $135,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ISRG. Atala Financial Inc purchased a new position in shares of Intuitive Surgical in the 4th quarter valued at approximately $25,000. Parvin Asset Management LLC purchased a new position in shares of Intuitive Surgical in the 4th quarter valued at approximately $26,000. Global Financial Private Client LLC raised its position in shares of Intuitive Surgical by 253.3% in the 1st quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider’s stock valued at $26,000 after purchasing an additional 38 shares during the last quarter. BankPlus Trust Department purchased a new position in shares of Intuitive Surgical in the 4th quarter valued at approximately $28,000. Finally, Hurley Capital LLC purchased a new position in shares of Intuitive Surgical in the 4th quarter valued at approximately $28,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intuitive Surgical

In related news, EVP Robert Desantis sold 188 shares of the firm’s stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $515.91, for a total transaction of $96,991.08. Following the completion of the sale, the executive vice president now directly owns 5,224 shares in the company, valued at approximately $2,695,113.84. This trade represents a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mark Brosius sold 216 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $563.11, for a total transaction of $121,631.76. Following the sale, the senior vice president now owns 907 shares of the company’s stock, valued at approximately $510,740.77. The trade was a 19.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,543 shares of company stock valued at $8,375,072. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ISRG shares. Robert W. Baird cut their price target on shares of Intuitive Surgical from $600.00 to $575.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Royal Bank of Canada cut their price target on shares of Intuitive Surgical from $630.00 to $605.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Piper Sandler cut their price target on shares of Intuitive Surgical from $670.00 to $575.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. BTIG Research set a $560.00 price target on shares of Intuitive Surgical and gave the stock a “buy” rating in a report on Monday, April 14th. Finally, Erste Group Bank upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Thursday, June 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Intuitive Surgical has an average rating of “Moderate Buy” and a consensus price target of $588.95.

Intuitive Surgical Stock Performance

Intuitive Surgical stock opened at $526.15 on Tuesday. The company’s fifty day moving average price is $522.38 and its 200 day moving average price is $539.01. Intuitive Surgical, Inc. has a 1 year low of $413.52 and a 1 year high of $616.00. The stock has a market capitalization of $188.58 billion, a P/E ratio of 82.08, a P/E/G ratio of 5.85 and a beta of 1.67.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.10. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Intuitive Surgical had a net margin of 27.81% and a return on equity of 14.55%. During the same quarter last year, the company earned $1.50 EPS. Sell-side analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Intuitive Surgical Profile

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 that enables 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.