Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Purchased by Newfound Research LLC

Newfound Research LLC boosted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) by 29.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 418 shares of the medical equipment provider’s stock after acquiring an additional 96 shares during the quarter. Newfound Research LLC’s holdings in Intuitive Surgical were worth $84,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Standard Family Office LLC acquired a new stake in Intuitive Surgical in the 4th quarter valued at $27,000. IronBridge Private Wealth LLC boosted its stake in Intuitive Surgical by 200.0% during the 4th quarter. IronBridge Private Wealth LLC now owns 81 shares of the medical equipment provider’s stock worth $29,000 after purchasing an additional 54 shares during the last quarter. Vectors Research Management LLC boosted its stake in Intuitive Surgical by 200.0% during the 4th quarter. Vectors Research Management LLC now owns 90 shares of the medical equipment provider’s stock worth $32,000 after purchasing an additional 60 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in Intuitive Surgical by 145.2% during the 1st quarter. JFS Wealth Advisors LLC now owns 103 shares of the medical equipment provider’s stock worth $31,000 after purchasing an additional 61 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new stake in Intuitive Surgical during the 4th quarter worth $30,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insiders Place Their Bets

In other Intuitive Surgical news, Director Amal M. Johnson sold 6,375 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $238.04, for a total transaction of $1,517,505.00. Following the sale, the director now directly owns 11,224 shares in the company, valued at $2,671,760.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Myriam Curet sold 9,000 shares of the business’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $225.00, for a total transaction of $2,025,000.00. Following the completion of the transaction, the executive vice president now directly owns 217 shares of the company’s stock, valued at $48,825. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Amal M. Johnson sold 6,375 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $238.04, for a total value of $1,517,505.00. Following the transaction, the director now directly owns 11,224 shares of the company’s stock, valued at $2,671,760.96. The disclosure for this sale can be found here. Insiders have sold 101,162 shares of company stock worth $22,062,916 over the last three months. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on ISRG. Wells Fargo & Company lowered their target price on shares of Intuitive Surgical to $265.00 in a research note on Friday, July 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Intuitive Surgical from $225.00 to $205.00 in a research note on Friday, July 22nd. Piper Sandler lifted their target price on shares of Intuitive Surgical from $255.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, August 18th. Morgan Stanley reduced their price target on Intuitive Surgical from $300.00 to $225.00 and set an “equal weight” rating on the stock in a report on Friday, July 15th. Finally, Truist Financial reduced their price target on Intuitive Surgical from $270.00 to $255.00 and set a “buy” rating on the stock in a report on Friday, July 22nd. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Intuitive Surgical has a consensus rating of “Moderate Buy” and a consensus price target of $268.00.

Intuitive Surgical Stock Down 1.7 %

NASDAQ:ISRG traded down $3.28 on Friday, reaching $187.80. 36,924 shares of the company’s stock were exchanged, compared to its average volume of 1,720,567. The firm has a market capitalization of $67.07 billion, a price-to-earnings ratio of 48.62, a price-to-earnings-growth ratio of 5.43 and a beta of 1.31. The business has a fifty day moving average of $219.31 and a 200-day moving average of $233.72. Intuitive Surgical, Inc. has a 52-week low of $186.83 and a 52-week high of $369.69.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The medical equipment provider reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Intuitive Surgical had a return on equity of 12.04% and a net margin of 24.05%. During the same quarter last year, the company earned $1.42 earnings per share. As a group, equities analysts anticipate that Intuitive Surgical, Inc. will post 3.76 earnings per share for the current year.

Intuitive Surgical Profile

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Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System to enable complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.

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

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