Krilogy Financial LLC Acquires New Shares in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Krilogy Financial LLC bought a new position in Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,693 shares of the medical equipment provider’s stock, valued at approximately $741,000.

A number of other large investors have also added to or reduced their stakes in ISRG. BlackRock Inc. raised its holdings in Intuitive Surgical by 197.3% in the fourth quarter. BlackRock Inc. now owns 26,538,660 shares of the medical equipment provider’s stock worth $9,535,341,000 after purchasing an additional 17,612,768 shares in the last quarter. State Street Corp grew its stake in shares of Intuitive Surgical by 209.4% during the fourth quarter. State Street Corp now owns 14,834,746 shares of the medical equipment provider’s stock worth $5,330,124,000 after acquiring an additional 10,040,407 shares during the last quarter. Capital World Investors grew its stake in shares of Intuitive Surgical by 165.4% during the fourth quarter. Capital World Investors now owns 9,658,541 shares of the medical equipment provider’s stock worth $3,470,421,000 after acquiring an additional 6,018,962 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Intuitive Surgical by 238.2% during the fourth quarter. Alliancebernstein L.P. now owns 6,287,228 shares of the medical equipment provider’s stock worth $2,259,001,000 after acquiring an additional 4,428,375 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Intuitive Surgical by 124.8% during the first quarter. Jennison Associates LLC now owns 5,473,854 shares of the medical equipment provider’s stock worth $1,651,352,000 after acquiring an additional 3,038,455 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Insider Activity at Intuitive Surgical

In related news, EVP Myriam Curet sold 9,000 shares of the stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $225.00, for a total value 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 approximately $48,825. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Amal M. Johnson sold 6,375 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $210.76, for a total transaction of $1,343,595.00. Following the completion of the transaction, the director now directly owns 11,224 shares in the company, valued at approximately $2,365,570.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Myriam Curet sold 9,000 shares of the stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $225.00, for a total value of $2,025,000.00. Following the transaction, the executive vice president now owns 217 shares of the company’s stock, valued at $48,825. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,162 shares of company stock valued at $22,062,916. 0.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ISRG shares. Stifel Nicolaus boosted their price target on Intuitive Surgical from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, September 9th. Piper Sandler boosted their price target on Intuitive Surgical from $255.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, August 18th. Deutsche Bank Aktiengesellschaft dropped their target price on Intuitive Surgical from $225.00 to $205.00 in a research report on Friday, July 22nd. Truist Financial dropped their target price on Intuitive Surgical from $270.00 to $255.00 and set a “buy” rating on the stock in a research report on Friday, July 22nd. Finally, Morgan Stanley dropped their target price on Intuitive Surgical from $300.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Friday, July 15th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $268.00.

Intuitive Surgical Price Performance

Shares of ISRG stock opened at $191.08 on Friday. The company has a market cap of $68.24 billion, a price-to-earnings ratio of 48.62, a PEG ratio of 5.43 and a beta of 1.31. The stock has a 50 day simple moving average of $219.31 and a 200-day simple moving average of $233.72. Intuitive Surgical, Inc. has a 1-year low of $186.83 and a 1-year high of $369.69.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The medical equipment provider reported $0.85 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.19). Intuitive Surgical had a net margin of 24.05% and a return on equity of 12.04%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the company posted $1.42 earnings per share. Analysts anticipate that Intuitive Surgical, Inc. will post 3.76 earnings per share for the current fiscal year.

Intuitive Surgical Company Profile

(Get Rating)

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.

See Also

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

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