Allworth Financial LP lifted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Rating) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,933 shares of the medical equipment provider’s stock after purchasing an additional 510 shares during the quarter. Allworth Financial LP’s holdings in Intuitive Surgical were worth $1,840,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of ISRG. Modera Wealth Management LLC grew its stake in shares of Intuitive Surgical by 2.4% during the 3rd quarter. Modera Wealth Management LLC now owns 1,739 shares of the medical equipment provider’s stock worth $326,000 after acquiring an additional 41 shares during the period. SWS Partners raised its holdings in shares of Intuitive Surgical by 0.9% in the 3rd quarter. SWS Partners now owns 4,900 shares of the medical equipment provider’s stock valued at $918,000 after acquiring an additional 43 shares in the last quarter. Sepio Capital LP raised its holdings in shares of Intuitive Surgical by 0.7% in the 3rd quarter. Sepio Capital LP now owns 6,673 shares of the medical equipment provider’s stock valued at $1,251,000 after acquiring an additional 45 shares in the last quarter. Synovus Financial Corp raised its holdings in shares of Intuitive Surgical by 0.3% in the 3rd quarter. Synovus Financial Corp now owns 15,072 shares of the medical equipment provider’s stock valued at $2,827,000 after acquiring an additional 46 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC raised its holdings in shares of Intuitive Surgical by 2.0% in the 1st quarter. Douglass Winthrop Advisors LLC now owns 2,308 shares of the medical equipment provider’s stock valued at $696,000 after acquiring an additional 46 shares in the last quarter. 81.96% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Intuitive Surgical
In other Intuitive Surgical news, EVP Robert Desantis sold 1,629 shares of the company’s stock in a transaction that occurred 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 directly owns 6,769 shares in the company, valued at $1,692,250. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Intuitive Surgical news, EVP Robert Desantis sold 1,629 shares of the company’s stock in a transaction that occurred 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 directly owns 6,769 shares in the company, valued at $1,692,250. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David J. Rosa sold 45,025 shares of the company’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $250.53, for a total value of $11,280,113.25. Following the sale, the executive vice president now owns 125,385 shares in the company, valued at $31,412,704.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,396 shares of company stock valued at $20,438,478. Insiders own 0.90% of the company’s stock.
Intuitive Surgical Trading Down 2.4 %
Intuitive Surgical (NASDAQ:ISRG – Get Rating) last announced its quarterly earnings results on Tuesday, January 24th. The medical equipment provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.02). Intuitive Surgical had a net margin of 21.25% and a return on equity of 11.27%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the company posted $1.30 earnings per share. Intuitive Surgical’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, equities research analysts forecast that Intuitive Surgical, Inc. will post 4.21 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on ISRG. Barclays raised their price objective on Intuitive Surgical from $235.00 to $298.00 in a report on Wednesday, January 4th. StockNews.com assumed coverage on Intuitive Surgical in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Raymond James lifted their price objective on Intuitive Surgical from $255.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, January 26th. Morgan Stanley dropped their price target on Intuitive Surgical from $290.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 25th. Finally, Mizuho lowered their price objective on Intuitive Surgical from $245.00 to $240.00 in a research note on Wednesday, January 25th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $273.83.
Intuitive Surgical Company 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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