Intuitive Surgical, Inc. (NASDAQ:ISRG) Holdings Lifted by D.A. Davidson & CO.

D.A. Davidson & CO. raised its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.4% in the third quarter, Holdings Channel.com reports. The fund owned 13,083 shares of the medical equipment provider’s stock after acquiring an additional 428 shares during the period. D.A. Davidson & CO.’s holdings in Intuitive Surgical were worth $6,427,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new stake in Intuitive Surgical during the third quarter valued at approximately $558,807,000. International Assets Investment Management LLC lifted its position in shares of Intuitive Surgical by 49,383.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,090,619 shares of the medical equipment provider’s stock valued at $535,788,000 after acquiring an additional 1,088,415 shares during the last quarter. FMR LLC boosted its stake in shares of Intuitive Surgical by 8.3% during the 3rd quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider’s stock worth $5,389,765,000 after acquiring an additional 838,793 shares in the last quarter. Strategic Financial Concepts LLC boosted its stake in shares of Intuitive Surgical by 40,221.4% during the 2nd quarter. Strategic Financial Concepts LLC now owns 266,121 shares of the medical equipment provider’s stock worth $1,184,000 after acquiring an additional 265,461 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Intuitive Surgical in the 2nd quarter worth $91,466,000. Institutional investors own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Redburn Atlantic upgraded Intuitive Surgical from a “neutral” rating to a “buy” rating and increased their price target for the company from $380.00 to $510.00 in a research report on Friday, August 2nd. Erste Group Bank raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Citigroup upped their price target on shares of Intuitive Surgical from $512.00 to $560.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their price objective on shares of Intuitive Surgical from $466.00 to $549.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Truist Financial increased their target price on Intuitive Surgical from $520.00 to $570.00 and gave the company a “buy” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $526.06.

Insiders Place Their Bets

In related news, General Counsel Gary Loeb sold 300 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $475.00, for a total transaction of $142,500.00. Following the transaction, the general counsel now directly owns 1,595 shares in the company, valued at $757,625. The trade was a 15.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Robert Desantis sold 238 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $477.50, for a total value of $113,645.00. Following the sale, the executive vice president now directly owns 5,506 shares in the company, valued at $2,629,115. The trade was a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,459 shares of company stock valued at $26,080,251 in the last three months. Company insiders own 0.80% of the company’s stock.

Intuitive Surgical Price Performance

Shares of NASDAQ:ISRG opened at $538.55 on Thursday. The business has a 50-day moving average of $507.94 and a two-hundred day moving average of $466.79. Intuitive Surgical, Inc. has a fifty-two week low of $304.50 and a fifty-two week high of $552.00. The stock has a market capitalization of $191.82 billion, a P/E ratio of 86.58, a P/E/G ratio of 5.28 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.24 by $0.32. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. As a group, research analysts expect that Intuitive Surgical, Inc. will post 5.45 EPS for the current fiscal year.

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.