First United Bank & Trust Buys 59 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

First United Bank & Trust increased its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 11.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 581 shares of the medical equipment provider’s stock after acquiring an additional 59 shares during the period. First United Bank & Trust’s holdings in Intuitive Surgical were worth $578,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. JTC Employer Solutions Trusteee Ltd bought a new position in Intuitive Surgical in the 2nd quarter worth approximately $29,000. FinTrust Capital Advisors LLC raised its position in Intuitive Surgical by 80.0% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 36 shares of the medical equipment provider’s stock worth $33,000 after purchasing an additional 16 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in Intuitive Surgical in the 2nd quarter worth approximately $42,000. Capital Analysts LLC raised its position in Intuitive Surgical by 1,566.7% in the 2nd quarter. Capital Analysts LLC now owns 50 shares of the medical equipment provider’s stock worth $46,000 after purchasing an additional 47 shares during the last quarter. Finally, Knuff & Co LLC bought a new position in Intuitive Surgical in the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

ISRG opened at $339.42 on Thursday. The stock has a market capitalization of $121.25 billion, a P/E ratio of 73.26, a P/E/G ratio of 7.86 and a beta of 1.05. Intuitive Surgical, Inc. has a 12 month low of $227.47 and a 12 month high of $369.69. The firm’s fifty day simple moving average is $357.19 and its 200 day simple moving average is $329.43.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Monday, October 18th. The medical equipment provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.17 by $0.02. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Intuitive Surgical had a net margin of 30.78% and a return on equity of 15.98%. The firm’s revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.60 EPS. As a group, equities research analysts predict that Intuitive Surgical, Inc. will post 4.44 EPS for the current fiscal year.

Several research firms recently weighed in on ISRG. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Intuitive Surgical from $306.00 to $323.00 and gave the stock a “hold” rating in a research report on Wednesday, October 20th. Citigroup lowered shares of Intuitive Surgical from a “buy” rating to a “neutral” rating and set a $366.67 target price for the company. in a report on Friday, October 1st. Piper Sandler lifted their target price on shares of Intuitive Surgical from $323.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, October 20th. They noted that the move was a valuation call. UBS Group lifted their target price on shares of Intuitive Surgical from $323.00 to $352.00 and gave the stock a “neutral” rating in a report on Wednesday, October 20th. Finally, Robert W. Baird lifted their target price on shares of Intuitive Surgical from $350.00 to $370.00 and gave the stock an “outperform” rating in a report on Wednesday, October 20th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intuitive Surgical presently has a consensus rating of “Hold” and a consensus target price of $335.06.

In other Intuitive Surgical news, EVP Myriam Curet sold 6,000 shares of the business’s stock in a transaction dated Friday, October 22nd. The shares were sold at an average price of $339.64, for a total transaction of $2,037,840.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Marshall Mohr sold 20,475 shares of the company’s stock in a transaction dated Monday, October 25th. The shares were sold at an average price of $339.20, for a total transaction of $6,945,120.00. The disclosure for this sale can be found here. Insiders sold a total of 36,674 shares of company stock worth $13,336,228 over the last ninety days. 0.80% of the stock is currently owned by insiders.

About Intuitive Surgical

Intuitive Surgical, Inc engages in the development, manufacture, and marketing of da Vinci Surgical Systems, and related instruments and accessories for invasive surgery. Its products include Da Vinci and Ion. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G. Younge in November 1995 and is headquartered in Sunnyvale, CA.

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

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