1,038 Shares in Intuitive Surgical, Inc. (NASDAQ:ISRG) Purchased by Advisory Alpha LLC

Advisory Alpha LLC purchased a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,038 shares of the medical equipment provider’s stock, valued at approximately $414,000.

A number of other large investors also recently bought and sold shares of the business. Provence Wealth Management Group acquired a new position in shares of Intuitive Surgical during the fourth quarter valued at approximately $276,000. Portside Wealth Group LLC increased its holdings in shares of Intuitive Surgical by 8.2% in the fourth quarter. Portside Wealth Group LLC now owns 816 shares of the medical equipment provider’s stock valued at $275,000 after purchasing an additional 62 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Intuitive Surgical by 58.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 8,315 shares of the medical equipment provider’s stock valued at $2,805,000 after purchasing an additional 3,054 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Intuitive Surgical by 5.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 191,283 shares of the medical equipment provider’s stock valued at $64,531,000 after purchasing an additional 9,869 shares during the last quarter. Finally, HCR Wealth Advisors increased its holdings in shares of Intuitive Surgical by 26.3% in the fourth quarter. HCR Wealth Advisors now owns 1,042 shares of the medical equipment provider’s stock valued at $352,000 after purchasing an additional 217 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Intuitive Surgical Stock Up 0.3 %

Intuitive Surgical stock traded up $1.36 during midday trading on Friday, reaching $444.86. The company’s stock had a trading volume of 296,548 shares, compared to its average volume of 1,499,005. Intuitive Surgical, Inc. has a fifty-two week low of $254.85 and a fifty-two week high of $449.00. The company has a market cap of $157.79 billion, a P/E ratio of 80.05, a P/E/G ratio of 5.74 and a beta of 1.39. The business has a 50-day simple moving average of $415.83 and a 200-day simple moving average of $389.66.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, April 18th. The medical equipment provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.10. Intuitive Surgical had a return on equity of 12.91% and a net margin of 27.16%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm earned $1.00 earnings per share. Intuitive Surgical’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, equities analysts forecast that Intuitive Surgical, Inc. will post 4.8 earnings per share for the current year.

Insider Transactions at Intuitive Surgical

In other Intuitive Surgical news, Director Craig H. Barratt sold 1,400 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $421.06, for a total value of $589,484.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Robert Desantis sold 239 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $416.60, for a total transaction of $99,567.40. Following the completion of the sale, the executive vice president now directly owns 5,506 shares in the company, valued at approximately $2,293,799.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Craig H. Barratt sold 1,400 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $421.06, for a total value of $589,484.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,956 shares of company stock worth $6,927,011. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ISRG. Robert W. Baird cut their price target on Intuitive Surgical from $440.00 to $436.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Stifel Nicolaus increased their price objective on Intuitive Surgical from $420.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Evercore ISI increased their price objective on Intuitive Surgical from $385.00 to $425.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 2nd. The Goldman Sachs Group initiated coverage on Intuitive Surgical in a research report on Thursday, May 30th. They issued a “buy” rating and a $500.00 price objective for the company. Finally, Jefferies Financial Group raised their price target on Intuitive Surgical from $365.00 to $375.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $410.32.

Intuitive Surgical Profile

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 that enables 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.