6,903 Shares in Intuitive Surgical, Inc. $ISRG Bought by Nelson Capital Management LLC

Nelson Capital Management LLC purchased a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the 3rd quarter, HoldingsChannel reports. The fund purchased 6,903 shares of the medical equipment provider’s stock, valued at approximately $3,087,000.

Other institutional investors have also recently made changes to their positions in the company. 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 buying an additional 40 shares during the period. Kilter Group LLC bought a new position in Intuitive Surgical in the second quarter worth approximately $27,000. Greykasell Wealth Strategies Inc. bought a new position in Intuitive Surgical in the third quarter worth approximately $27,000. Caitlin John LLC acquired a new stake in Intuitive Surgical in the third quarter valued at approximately $30,000. Finally, Riggs Asset Managment Co. Inc. grew its stake in Intuitive Surgical by 84.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 70 shares of the medical equipment provider’s stock valued at $38,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insider Activity

In related news, EVP Myriam Curet sold 105 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $493.95, for a total transaction of $51,864.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Fredrik Widman sold 133 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $494.96, for a total transaction of $65,829.68. Following the completion of the sale, the vice president directly owned 660 shares of the company’s stock, valued at $326,673.60. The trade was a 16.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 33,407 shares of company stock worth $17,534,067. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Robert W. Baird lowered their target price on Intuitive Surgical from $655.00 to $645.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. Zacks Research raised shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th. The Goldman Sachs Group restated a “buy” rating and set a $714.00 price target on shares of Intuitive Surgical in a research note on Friday, January 9th. Royal Bank Of Canada raised their price objective on shares of Intuitive Surgical from $625.00 to $650.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Intuitive Surgical in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Intuitive Surgical currently has an average rating of “Moderate Buy” and a consensus price target of $615.86.

Intuitive Surgical Trading Up 0.3%

Shares of NASDAQ:ISRG traded up $1.23 during mid-day trading on Friday, hitting $480.50. 170,600 shares of the company traded hands, compared to its average volume of 1,983,746. The stock has a 50-day moving average price of $515.05 and a two-hundred day moving average price of $512.37. Intuitive Surgical, Inc. has a 12-month low of $425.00 and a 12-month high of $603.88. The stock has a market cap of $170.64 billion, a P/E ratio of 60.97, a P/E/G ratio of 3.80 and a beta of 1.66.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, January 22nd. The medical equipment provider reported $2.53 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.26. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same period in the prior year, the firm posted $2.21 EPS. Intuitive Surgical’s quarterly revenue was up 18.8% compared to the same quarter last year. As a group, analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Intuitive Surgical Company Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.