First Trust Advisors LP boosted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Rating) by 6.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 101,374 shares of the medical equipment provider’s stock after acquiring an additional 5,715 shares during the period. First Trust Advisors LP’s holdings in Intuitive Surgical were worth $19,001,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Fiduciary Group LLC lifted its position in shares of Intuitive Surgical by 28.6% during the third quarter. Fiduciary Group LLC now owns 25,169 shares of the medical equipment provider’s stock worth $6,490,000 after purchasing an additional 5,591 shares in the last quarter. Belpointe Asset Management LLC grew its position in shares of Intuitive Surgical by 221.3% during the third quarter. Belpointe Asset Management LLC now owns 2,879 shares of the medical equipment provider’s stock worth $540,000 after acquiring an additional 1,983 shares during the last quarter. BlackRock Inc. grew its position in shares of Intuitive Surgical by 5.6% during the third quarter. BlackRock Inc. now owns 27,887,777 shares of the medical equipment provider’s stock worth $5,227,284,000 after acquiring an additional 1,477,885 shares during the last quarter. Blueshift Asset Management LLC purchased a new position in Intuitive Surgical in the 3rd quarter valued at $454,000. Finally, Capital International Ltd. CA grew its position in Intuitive Surgical by 13.7% in the 3rd quarter. Capital International Ltd. CA now owns 57,022 shares of the medical equipment provider’s stock valued at $10,688,000 after buying an additional 6,892 shares during the last quarter. 81.96% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Intuitive Surgical
In related news, EVP Robert Desantis sold 1,629 shares of the firm’s stock in a transaction on Friday, January 27th. The stock was sold at an average price of $250.00, for a total transaction of $407,250.00. Following the sale, the executive vice president now owns 6,769 shares of the company’s stock, valued at approximately $1,692,250. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP David J. Rosa sold 45,025 shares of the business’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $250.53, for a total value of $11,280,113.25. Following the completion of the sale, the executive vice president now directly owns 125,385 shares of the company’s stock, valued at approximately $31,412,704.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert Desantis sold 1,629 shares of Intuitive Surgical stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $250.00, for a total value of $407,250.00. Following the transaction, the executive vice president now owns 6,769 shares of the company’s stock, valued at approximately $1,692,250. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,396 shares of company stock valued at $20,438,478. 0.90% of the stock is currently owned by corporate insiders.
Intuitive Surgical Stock Performance
Intuitive Surgical (NASDAQ:ISRG – Get Rating) last announced its earnings results on Tuesday, January 24th. The medical equipment provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.02). The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. Intuitive Surgical had a return on equity of 11.27% and a net margin of 21.25%. Intuitive Surgical’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $1.30 EPS. As a group, research analysts forecast that Intuitive Surgical, Inc. will post 4.21 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on ISRG shares. Raymond James lifted their price target on Intuitive Surgical from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, January 26th. Mizuho lowered their price target on Intuitive Surgical from $245.00 to $240.00 in a report on Wednesday, January 25th. Barclays boosted their target price on Intuitive Surgical from $235.00 to $298.00 in a report on Wednesday, January 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Intuitive Surgical from $230.00 to $245.00 in a research report on Wednesday, January 25th. Finally, Wells Fargo & Company cut their target price on Intuitive Surgical from $305.00 to $289.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 25th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $273.83.
Intuitive Surgical Profile
Intuitive Surgical, Inc engages in the provision of robotic-assisted surgical solutions and invasive care through a comprehensive ecosystem of products and services. Its products include Da Vinci Surgical and Ion Endoluminal systems. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G.
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