1,275 Shares in Intuitive Surgical, Inc. $ISRG Bought by Anderson Financial Strategies LLC

Anderson Financial Strategies LLC purchased a new stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,275 shares of the medical equipment provider’s stock, valued at approximately $631,000.

A number of other hedge funds also recently bought and sold shares of the company. Strs Ohio bought a new stake in Intuitive Surgical during the first quarter valued at about $41,646,000. Advisors Capital Management LLC boosted its holdings in Intuitive Surgical by 126.3% during the first quarter. Advisors Capital Management LLC now owns 6,590 shares of the medical equipment provider’s stock valued at $3,264,000 after acquiring an additional 3,678 shares during the period. SWS Partners boosted its holdings in Intuitive Surgical by 2.3% during the first quarter. SWS Partners now owns 1,344 shares of the medical equipment provider’s stock valued at $666,000 after acquiring an additional 30 shares during the period. Acadian Asset Management LLC boosted its holdings in Intuitive Surgical by 120.0% during the first quarter. Acadian Asset Management LLC now owns 48,093 shares of the medical equipment provider’s stock valued at $23,808,000 after acquiring an additional 26,237 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Intuitive Surgical by 22.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,952 shares of the medical equipment provider’s stock valued at $967,000 after acquiring an additional 364 shares during the period. 83.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ISRG. Truist Financial upped their price target on shares of Intuitive Surgical from $590.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Citigroup reiterated a “buy” rating and issued a $650.00 target price (up previously from $590.00) on shares of Intuitive Surgical in a research note on Thursday, May 22nd. Wells Fargo & Company increased their target price on shares of Intuitive Surgical from $559.00 to $599.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, BTIG Research increased their target price on shares of Intuitive Surgical from $566.00 to $571.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $595.95.

Intuitive Surgical Stock Down 3.8%

NASDAQ:ISRG opened at $449.98 on Thursday. Intuitive Surgical, Inc. has a 12-month low of $425.00 and a 12-month high of $616.00. The firm has a market capitalization of $161.31 billion, a PE ratio of 62.76, a price-to-earnings-growth ratio of 4.90 and a beta of 1.61. The firm has a 50-day moving average price of $489.31 and a 200 day moving average price of $510.50.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.26. Intuitive Surgical had a net margin of 28.51% and a return on equity of 14.56%. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the business posted $1.78 earnings per share. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, research analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insider Buying and Selling

In related news, EVP Myriam Curet sold 4,500 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $492.48, for a total value of $2,216,160.00. Following the completion of the transaction, the executive vice president owned 353 shares of the company’s stock, valued at $173,845.44. This represents a 92.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gary S. Guthart sold 29,360 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $472.49, for a total transaction of $13,872,306.40. Following the sale, the insider directly owned 19,827 shares of the company’s stock, valued at approximately $9,368,059.23. The trade was a 59.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,224 shares of company stock valued at $21,716,492 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

About Intuitive Surgical

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.