Highlander Capital Management LLC Invests $1.20 Million in Intuitive Surgical, Inc. (ISRG) Stock

Highlander Capital Management LLC bought a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,000 shares of the medical equipment provider’s stock, valued at approximately $1,197,000.

A number of other institutional investors have also bought and sold shares of ISRG. Trustcore Financial Services LLC acquired a new stake in shares of Intuitive Surgical in the fourth quarter valued at about $125,000. Fieldpoint Private Securities LLC bought a new stake in shares of Intuitive Surgical in the fourth quarter valued at about $146,000. Edge Advisors LLC lifted its stake in shares of Intuitive Surgical by 206.7% in the fourth quarter. Edge Advisors LLC now owns 414 shares of the medical equipment provider’s stock valued at $150,000 after buying an additional 279 shares during the period. Signaturefd LLC bought a new stake in shares of Intuitive Surgical in the first quarter valued at about $171,000. Finally, NuWave Investment Management LLC bought a new stake in shares of Intuitive Surgical in the fourth quarter valued at about $177,000. 85.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Intuitive Surgical traded up $4.87, reaching $495.34, during trading on Thursday, MarketBeat Ratings reports. The stock had a trading volume of 7,450 shares, compared to its average volume of 863,323. Intuitive Surgical, Inc. has a 52 week low of $297.35 and a 52 week high of $496.92. The stock has a market capitalization of $55.60 billion, a P/E ratio of 68.77, a price-to-earnings-growth ratio of 4.59 and a beta of 0.57.



Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Tuesday, April 17th. The medical equipment provider reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.37. Intuitive Surgical had a net margin of 23.25% and a return on equity of 20.72%. The company had revenue of $848.00 million during the quarter, compared to analysts’ expectations of $773.20 million. During the same quarter in the previous year, the company posted $5.09 earnings per share. Intuitive Surgical’s quarterly revenue was up 25.8% compared to the same quarter last year. analysts anticipate that Intuitive Surgical, Inc. will post 8.84 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on ISRG shares. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $488.00 target price for the company in a research note on Tuesday, March 20th. Vetr cut shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating and set a $454.14 target price for the company. in a research note on Tuesday, April 10th. Bank of America increased their target price on shares of Intuitive Surgical from $465.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, April 18th. Stifel Nicolaus increased their target price on shares of Intuitive Surgical from $480.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, April 18th. Finally, BidaskClub upgraded shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 21st. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $458.22.

In related news, COO Salvatore Brogna sold 2,655 shares of the firm’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $463.15, for a total value of $1,229,663.25. Following the completion of the sale, the chief operating officer now owns 2,050 shares of the company’s stock, valued at $949,457.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Mark J. Meltzer sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $483.65, for a total transaction of $2,901,900.00. Following the completion of the sale, the senior vice president now directly owns 11,552 shares of the company’s stock, valued at approximately $5,587,124.80. The disclosure for this sale can be found here. Insiders sold 170,767 shares of company stock valued at $77,995,219 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural hand movements, which are performed on instrument controls at a console into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.

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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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