Corient Private Wealth LLC Boosts Stock Position in Intuitive Surgical, Inc. $ISRG

Corient Private Wealth LLC raised its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 68.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 303,671 shares of the medical equipment provider’s stock after acquiring an additional 123,766 shares during the quarter. Corient Private Wealth LLC owned approximately 0.08% of Intuitive Surgical worth $165,018,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ISRG. Tobam lifted its stake in Intuitive Surgical by 666.7% in the second quarter. Tobam now owns 46 shares of the medical equipment provider’s stock worth $25,000 after purchasing an additional 40 shares during the last quarter. Kilter Group LLC acquired a new stake in Intuitive Surgical in the second quarter worth about $27,000. TD Capital Management LLC raised its stake in Intuitive Surgical by 300.0% in the 1st quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock worth $30,000 after acquiring an additional 45 shares during the last quarter. 1248 Management LLC acquired a new stake in shares of Intuitive Surgical in the first quarter worth $30,000. Finally, Princeton Global Asset Management LLC purchased a new position in Intuitive Surgical during the second quarter valued at approximately $30,000. 83.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Brian Edward Miller sold 3,500 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $575.00, for a total transaction of $2,012,500.00. Following the completion of the transaction, the executive vice president directly owned 5,758 shares in the company, valued at $3,310,850. This represents a 37.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Myriam Curet sold 104 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $559.90, for a total value of $58,229.60. The SEC filing for this sale provides additional information. Insiders sold a total of 109,043 shares of company stock worth $60,816,225 in the last ninety days. 0.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ISRG. Argus lifted their target price on shares of Intuitive Surgical from $600.00 to $630.00 in a research report on Monday, October 27th. Raymond James Financial set a $603.00 price target on Intuitive Surgical and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Leerink Partners lifted their target price on Intuitive Surgical from $593.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Citigroup cut Intuitive Surgical from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $650.00 to $635.00 in a research report on Thursday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Intuitive Surgical in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and a consensus price target of $608.79.

Intuitive Surgical Stock Performance

Shares of ISRG opened at $542.32 on Monday. The stock’s fifty day moving average is $529.62 and its 200-day moving average is $505.36. The firm has a market capitalization of $194.41 billion, a price-to-earnings ratio of 71.74, a price-to-earnings-growth ratio of 4.98 and a beta of 1.68. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 EPS for the quarter, topping the consensus estimate 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 net margin of 28.58% and a return on equity of 15.08%. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.84 earnings per share. Analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS 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.