West Family Investments Inc. Acquires 366 Shares of Intuitive Surgical, Inc. $ISRG

West Family Investments Inc. boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 39.3% during the second quarter, HoldingsChannel.com reports. The fund owned 1,297 shares of the medical equipment provider’s stock after purchasing an additional 366 shares during the period. West Family Investments Inc.’s holdings in Intuitive Surgical were worth $705,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ISRG. Tobam grew its stake in shares of Intuitive Surgical by 666.7% in the 2nd quarter. Tobam now owns 46 shares of the medical equipment provider’s stock valued at $25,000 after purchasing an additional 40 shares during the period. TD Capital Management LLC grew its position in Intuitive Surgical by 300.0% in the first quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock valued at $30,000 after acquiring an additional 45 shares during the period. 1248 Management LLC acquired a new position in Intuitive Surgical during the first quarter worth $30,000. Princeton Global Asset Management LLC bought a new position in shares of Intuitive Surgical during the second quarter valued at $30,000. Finally, Bank of Jackson Hole Trust boosted its stake in shares of Intuitive Surgical by 70.5% in the 1st quarter. Bank of Jackson Hole Trust now owns 75 shares of the medical equipment provider’s stock valued at $37,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ISRG. Evercore ISI raised their price target on Intuitive Surgical from $450.00 to $540.00 in a report on Wednesday, October 22nd. Raymond James Financial set a $603.00 target price on Intuitive Surgical and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Daiwa Capital Markets upped their price target on shares of Intuitive Surgical from $510.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. HSBC raised their price objective on shares of Intuitive Surgical from $595.00 to $644.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Intuitive Surgical in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $608.92.

Intuitive Surgical Trading Down 0.2%

ISRG opened at $573.32 on Friday. The stock has a market capitalization of $205.52 billion, a P/E ratio of 75.84, a P/E/G ratio of 4.94 and a beta of 1.62. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $616.00. The firm’s fifty day simple moving average is $505.94 and its 200 day simple moving average is $505.05.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.41. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.41 billion. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.Intuitive Surgical’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.84 earnings per share. On average, equities research analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Insider Buying and Selling at Intuitive Surgical

In other news, insider Gary S. Guthart sold 28,800 shares of the company’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $547.56, for a total transaction of $15,769,728.00. Following the completion of the sale, the insider directly owned 27,027 shares in the company, valued at approximately $14,798,904.12. This represents a 51.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Henry L. Charlton sold 13,731 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $580.00, for a total transaction of $7,963,980.00. Following the sale, the executive vice president owned 3,056 shares in the company, valued at $1,772,480. The trade was a 81.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 86,804 shares of company stock valued at $48,043,866 in the last quarter. Company 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.