Wagner Bowman Management Corp Takes Position in Intuitive Surgical, Inc. (ISRG)

Wagner Bowman Management Corp bought a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 500 shares of the medical equipment provider’s stock, valued at approximately $287,000.

Other hedge funds have also made changes to their positions in the company. Adviser Investments LLC purchased a new position in Intuitive Surgical during the 2nd quarter worth $115,000. Signet Financial Management LLC purchased a new position in Intuitive Surgical during the 2nd quarter worth $115,000. Arrow Financial Corp purchased a new position in Intuitive Surgical during the 3rd quarter worth $115,000. Optimum Investment Advisors grew its stake in Intuitive Surgical by 189.9% during the 3rd quarter. Optimum Investment Advisors now owns 229 shares of the medical equipment provider’s stock worth $131,000 after buying an additional 150 shares during the last quarter. Finally, Kaizen Advisory LLC grew its stake in Intuitive Surgical by 156.0% during the 2nd quarter. Kaizen Advisory LLC now owns 279 shares of the medical equipment provider’s stock worth $133,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 84.14% of the company’s stock.

Several analysts have weighed in on the company. BTIG Research reiterated a “hold” rating on shares of Intuitive Surgical in a research note on Sunday, October 21st. Royal Bank of Canada reiterated a “hold” rating and set a $560.00 price target on shares of Intuitive Surgical in a research note on Friday, October 19th. Raymond James boosted their price target on Intuitive Surgical from $620.00 to $630.00 and gave the company an “outperform” rating in a research note on Friday, October 19th. Piper Jaffray Companies boosted their price target on Intuitive Surgical to $613.00 and gave the company an “overweight” rating in a research note on Friday, October 19th. Finally, Canaccord Genuity upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and boosted their price target for the company from $550.00 to $610.00 in a research note on Friday, October 19th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $554.01.



Intuitive Surgical stock traded down $9.03 during trading hours on Monday, hitting $477.86. 768,970 shares of the stock traded hands, compared to its average volume of 804,279. The company has a market cap of $55.60 billion, a PE ratio of 66.46, a PEG ratio of 3.27 and a beta of 0.89. Intuitive Surgical, Inc. has a 1 year low of $359.75 and a 1 year high of $581.12.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.66 by $0.17. The business had revenue of $920.90 million during the quarter, compared to analysts’ expectations of $916.22 million. Intuitive Surgical had a return on equity of 18.79% and a net margin of 22.31%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.77 EPS. Analysts expect that Intuitive Surgical, Inc. will post 9.52 EPS for the current fiscal year.

In other news, Director Amal M. Johnson sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $500.00, for a total value of $500,000.00. Following the completion of the transaction, the director now owns 9,874 shares of the company’s stock, valued at approximately $4,937,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gary S. Guthart sold 35,672 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $520.24, for a total value of $18,558,001.28. Following the completion of the transaction, the chief executive officer now directly owns 363,542 shares of the company’s stock, valued at approximately $189,129,090.08. The disclosure for this sale can be found here. In the last three months, insiders sold 75,503 shares of company stock valued at $38,771,530. Insiders own 2.20% of the company’s stock.

Intuitive Surgical 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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