AMG National Trust Bank Has $287,000 Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

AMG National Trust Bank raised its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) by 20.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,532 shares of the medical equipment provider’s stock after buying an additional 257 shares during the period. AMG National Trust Bank’s holdings in Intuitive Surgical were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Intuitive Surgical by 3.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 25,692,735 shares of the medical equipment provider’s stock worth $5,156,788,000 after buying an additional 816,066 shares in the last quarter. State Street Corp increased its holdings in shares of Intuitive Surgical by 0.3% during the second quarter. State Street Corp now owns 15,220,507 shares of the medical equipment provider’s stock worth $3,054,908,000 after buying an additional 38,293 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of Intuitive Surgical by 1.8% during the second quarter. Brown Advisory Inc. now owns 3,232,385 shares of the medical equipment provider’s stock worth $648,774,000 after buying an additional 58,190 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Intuitive Surgical by 4.8% during the second quarter. Clearbridge Investments LLC now owns 2,544,316 shares of the medical equipment provider’s stock worth $510,670,000 after buying an additional 115,681 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Intuitive Surgical by 3.7% during the second quarter. Legal & General Group Plc now owns 2,520,300 shares of the medical equipment provider’s stock worth $505,850,000 after buying an additional 89,770 shares in the last quarter. Institutional investors and hedge funds own 81.96% of the company’s stock.

Intuitive Surgical Stock Performance

ISRG opened at $257.98 on Wednesday. The firm’s fifty day moving average is $264.91 and its two-hundred day moving average is $234.18. The firm has a market cap of $91.17 billion, a PE ratio of 68.07, a price-to-earnings-growth ratio of 4.90 and a beta of 1.36. Intuitive Surgical, Inc. has a twelve month low of $180.07 and a twelve month high of $308.97.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last posted its earnings results on Tuesday, January 24th. The medical equipment provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.02). The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. Intuitive Surgical had a return on equity of 11.54% and a net margin of 22.52%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $1.30 earnings per share. Equities analysts forecast that Intuitive Surgical, Inc. will post 3.77 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Amal M. Johnson sold 6,375 shares of the firm’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $239.36, for a total transaction of $1,525,920.00. Following the sale, the director now directly owns 11,224 shares in the company, valued at $2,686,576.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Intuitive Surgical news, EVP Myriam Curet sold 8,000 shares of Intuitive Surgical stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $250.06, for a total value of $2,000,480.00. Following the sale, the executive vice president now directly owns 217 shares in the company, valued at approximately $54,263.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amal M. Johnson sold 6,375 shares of Intuitive Surgical stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $239.36, for a total transaction of $1,525,920.00. Following the completion of the sale, the director now owns 11,224 shares in the company, valued at $2,686,576.64. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ISRG. Barclays increased their price target on shares of Intuitive Surgical from $235.00 to $298.00 in a research note on Wednesday, January 4th. Jefferies Financial Group began coverage on shares of Intuitive Surgical in a research note on Wednesday, October 12th. They set a “hold” rating and a $210.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Intuitive Surgical from $205.00 to $230.00 and gave the company a “hold” rating in a research note on Thursday, October 20th. Morgan Stanley increased their price target on shares of Intuitive Surgical from $235.00 to $290.00 and gave the company an “equal weight” rating in a research note on Friday, January 6th. Finally, Argus increased their price target on shares of Intuitive Surgical from $265.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, December 22nd. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $280.53.

About Intuitive Surgical

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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.

See Also

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

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