Alpha Cubed Investments LLC Acquires 15,890 Shares of Intuitive Surgical, Inc. $ISRG

Alpha Cubed Investments LLC increased its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 24.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,923 shares of the medical equipment provider’s stock after purchasing an additional 15,890 shares during the quarter. Intuitive Surgical makes up 1.7% of Alpha Cubed Investments LLC’s portfolio, making the stock its 18th biggest holding. Alpha Cubed Investments LLC’s holdings in Intuitive Surgical were worth $44,518,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. TD Capital Management LLC raised its position in shares of Intuitive Surgical by 300.0% during the first quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock valued at $30,000 after buying an additional 45 shares during the last quarter. 1248 Management LLC bought a new position in shares of Intuitive Surgical during the first quarter worth $30,000. Princeton Global Asset Management LLC purchased a new position in Intuitive Surgical during the second quarter valued at $30,000. Bank of Jackson Hole Trust increased its holdings in Intuitive Surgical by 70.5% in the 1st quarter. Bank of Jackson Hole Trust now owns 75 shares of the medical equipment provider’s stock valued at $37,000 after acquiring an additional 31 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its stake in Intuitive Surgical by 49.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the medical equipment provider’s stock worth $41,000 after purchasing an additional 27 shares in the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ISRG has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their price objective on Intuitive Surgical from $567.00 to $621.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Erste Group Bank reissued a “hold” rating on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $685.00 price objective on shares of Intuitive Surgical in a research note on Tuesday, October 21st. Rothschild & Co Redburn upped their price objective on Intuitive Surgical from $610.00 to $615.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Intuitive Surgical in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $608.92.

Insider Transactions at Intuitive Surgical

In other Intuitive Surgical news, EVP Myriam Curet sold 125 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $543.00, for a total transaction of $67,875.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David J. Rosa sold 24,500 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $547.55, for a total value of $13,414,975.00. Following the transaction, the chief executive officer directly owned 234,256 shares in the company, valued at approximately $128,266,872.80. This represents a 9.47% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 98,078 shares of company stock worth $51,445,892. 0.70% of the stock is currently owned by insiders.

Intuitive Surgical Stock Performance

Shares of Intuitive Surgical stock opened at $560.00 on Monday. The stock has a market cap of $200.75 billion, a price-to-earnings ratio of 74.07, a price-to-earnings-growth ratio of 4.94 and a beta of 1.62. The stock has a 50 day moving average price of $471.89 and a 200-day moving average price of $501.11. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.41. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.41 billion. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.Intuitive Surgical’s revenue was up 22.9% on a year-over-year basis. During the same period last year, the company earned $1.84 earnings per share. Sell-side analysts predict that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

About Intuitive Surgical

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.