Avestar Capital LLC Purchases 170 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Avestar Capital LLC raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,675 shares of the medical equipment provider’s stock after acquiring an additional 170 shares during the quarter. Avestar Capital LLC’s holdings in Intuitive Surgical were worth $2,297,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group lifted its stake in Intuitive Surgical by 8.0% in the third quarter. Brooklyn Investment Group now owns 2,816 shares of the medical equipment provider’s stock worth $1,383,000 after acquiring an additional 208 shares during the period. Quantbot Technologies LP bought a new position in Intuitive Surgical in the 3rd quarter worth $9,739,000. D.A. Davidson & CO. lifted its position in shares of Intuitive Surgical by 3.4% in the 3rd quarter. D.A. Davidson & CO. now owns 13,083 shares of the medical equipment provider’s stock worth $6,427,000 after purchasing an additional 428 shares during the period. FMR LLC lifted its position in shares of Intuitive Surgical by 8.3% in the 3rd quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider’s stock worth $5,389,765,000 after purchasing an additional 838,793 shares during the period. Finally, Private Trust Co. NA boosted its stake in shares of Intuitive Surgical by 103.0% during the 3rd quarter. Private Trust Co. NA now owns 958 shares of the medical equipment provider’s stock valued at $471,000 after purchasing an additional 486 shares in the last quarter. 83.64% of the stock is owned by institutional investors.

Intuitive Surgical Stock Up 0.5 %

Shares of Intuitive Surgical stock opened at $539.46 on Tuesday. Intuitive Surgical, Inc. has a twelve month low of $304.50 and a twelve month high of $552.00. The company’s 50 day moving average is $505.63 and its 200 day moving average is $465.19. The company has a market cap of $192.14 billion, a price-to-earnings ratio of 86.26, a price-to-earnings-growth ratio of 5.39 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.32. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.01 billion. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. Sell-side analysts expect that Intuitive Surgical, Inc. will post 5.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Evercore ISI reaffirmed a “cautious” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Citigroup upped their price target on Intuitive Surgical from $512.00 to $560.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Raymond James raised their price objective on Intuitive Surgical from $500.00 to $540.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. boosted their target price on shares of Intuitive Surgical from $495.00 to $575.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, Piper Sandler restated an “overweight” rating and issued a $538.00 price target (up previously from $495.00) on shares of Intuitive Surgical in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $524.61.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, insider Jamie Samath sold 22,903 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $525.00, for a total transaction of $12,024,075.00. Following the completion of the sale, the insider now directly owns 8,757 shares in the company, valued at $4,597,425. The trade was a 72.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brian Edward Miller sold 2,553 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $515.00, for a total transaction of $1,314,795.00. Following the completion of the transaction, the executive vice president now owns 7,066 shares in the company, valued at $3,638,990. This trade represents a 26.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,539 shares of company stock worth $26,112,364. 0.80% of the stock is owned by insiders.

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.