1 week Ago By ABMN Staff
Versant Capital Management Inc boosted its holdings in shares of Intuitive Surgical, Inc. ( NASDAQ:ISRG – Free Report ) by 27.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 688 shares of the medical equipment provider’s stock after purchasing an additional 148 shares during the quarter. Versant Capital Management Inc’s holdings in Intuitive Surgical were worth $359,000 as of its most recent SEC filing. Several other institutional investors have also bought and sold shares of the business.
Founders Financial Securities LLC increased its stake in Intuitive Surgical by 10.6% during the second quarter. Founders Financial Securities LLC now owns 2,139 shares of the medical equipment provider’s stock worth $952,000 after acquiring an additional 205 shares during the last quarter.
Simon Quick Advisors LLC raised its holdings in Intuitive Surgical by 10.6% during the 2nd quarter. Simon Quick Advisors LLC now owns 1,820 shares of the medical equipment provider’s stock valued at $810,000 after buying an additional 175 shares during the period.
Larson Financial Group LLC lifted its position in Intuitive Surgical by 104.3% in the second quarter. Larson Financial Group LLC now owns 476 shares of the medical equipment provider’s stock worth $212,000 after buying an additional 243 shares during the last quarter.
Belpointe Asset Management LLC lifted its position in Intuitive Surgical by 6.0% in the second quarter. Belpointe Asset Management LLC now owns 2,697 shares of the medical equipment provider’s stock worth $1,200,000 after buying an additional 153 shares during the last quarter.
Finally, Stablepoint Partners LLC increased its position in Intuitive Surgical by 2.9% during the second quarter. Stablepoint Partners LLC now owns 5,256 shares of the medical equipment provider’s stock valued at $2,332,000 after acquiring an additional 146 shares during the last quarter.
Institutional investors own 83.64% of the company’s stock. Analyst Upgrades and Downgrades Several research firms have recently issued reports on ISRG.
Truist Financial raised their target price on shares of Intuitive Surgical from $570.00 to $640.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th.
Mizuho boosted their target price on Intuitive Surgical from $440.00 to $500.00 in a research report on Thursday, October 17th.
Stifel Nicolaus increased their price target on Intuitive Surgical from $525.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday, December 5th.
Royal Bank of Canada boosted their price objective on Intuitive Surgical from $525.00 to $555.00 and gave the company an “outperform” rating in a report on Friday, October 18th.
Finally, Morgan Stanley upgraded Intuitive Surgical from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $522.00 to $650.00 in a research report on Monday, December 2nd.
One equities 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $554.17.
Intuitive Surgical Price Performance ISRG opened at $524.03 on Friday. The firm has a market capitalization of $186.
65 billion, a PE ratio of 84.25, a price-to-earnings-growth ratio of 5.31 and a beta of 1.
38. The business’s 50-day moving average is $532.28 and its two-hundred day moving average is $489.
92. Intuitive Surgical, Inc. has a 1 year low of $320.
26 and a 1 year high of $556.23. Intuitive Surgical ( NASDAQ:ISRG – Get Free Report ) last issued its quarterly earnings data on Thursday, October 17th.
The medical equipment provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.
32. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.
41%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.
01 billion. As a group, sell-side analysts expect that Intuitive Surgical, Inc. will post 5.
45 EPS for the current year. Insiders Place Their Bets In other news, CFO Jamie Samath sold 270 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $540.
15, for a total transaction of $145,840.50. Following the sale, the chief financial officer now owns 8,757 shares in the company, valued at approximately $4,730,093.
55. The trade was a 2.99 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, SVP Mark Brosius sold 2,128 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $515.
00, for a total transaction of $1,095,920.00. Following the completion of the transaction, the senior vice president now directly owns 273 shares of the company’s stock, valued at $140,595.
The trade was a 88.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Over the last three months, insiders have sold 48,190 shares of company stock valued at $25,012,927. 0.90% of the stock is currently owned by insiders.
About Intuitive Surgical ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding ISRG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Intuitive Surgical, Inc. ( NASDAQ:ISRG – Free Report ). Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.
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