Intuitive Surgical, Inc. $ISRG Shares Newly Acquired by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC acquired a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) in the third quarter, HoldingsChannel.com reports. The firm acquired 1,705 shares of the medical equipment provider’s stock, valued at approximately $693,000.

Several other large investors have also modified their holdings of ISRG. University of Texas Texas AM Investment Management Co. lifted its position in Intuitive Surgical by 152.9% during the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 564 shares of the medical equipment provider’s stock worth $229,000 after acquiring an additional 341 shares during the period. M Holdings Securities Inc. acquired a new position in shares of Intuitive Surgical in the third quarter valued at approximately $2,227,000. Avantax Planning Partners Inc. increased its holdings in shares of Intuitive Surgical by 26.2% in the third quarter. Avantax Planning Partners Inc. now owns 2,811 shares of the medical equipment provider’s stock valued at $1,143,000 after purchasing an additional 584 shares during the period. Brighton Jones LLC increased its holdings in shares of Intuitive Surgical by 99.5% in the third quarter. Brighton Jones LLC now owns 18,566 shares of the medical equipment provider’s stock valued at $7,549,000 after purchasing an additional 9,258 shares during the period. Finally, American State Bank Iowa raised its stake in shares of Intuitive Surgical by 13.0% during the third quarter. American State Bank Iowa now owns 1,902 shares of the medical equipment provider’s stock worth $773,000 after purchasing an additional 219 shares during the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Intuitive Surgical Trading Up 1.7%

ISRG stock opened at $460.56 on Tuesday. The firm has a 50 day moving average of $411.69 and a 200-day moving average of $431.58. The company has a market cap of $159.65 billion, a price-to-earnings ratio of 55.69, a PEG ratio of 3.32 and a beta of 1.45. Intuitive Surgical, Inc. has a 12-month low of $328.57 and a 12-month high of $603.88.

Intuitive Surgical (NASDAQ:ISRG – Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The medical equipment provider reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.35. Intuitive Surgical had a return on equity of 18.17% and a net margin of 25.54%. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter in the prior year, the firm posted $2.40 EPS. The company’s revenue was up 21.7% compared to the same quarter last year. Sell-side analysts forecast that Intuitive Surgical, Inc. will post 9.37 earnings per share for the current fiscal year.

Intuitive Surgical News Summary

Here are the key news stories impacting Intuitive Surgical this week:

Insider Activity at Intuitive Surgical

In other news, Director Gary S. Guthart sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $457.34, for a total value of $4,573,400.00. Following the completion of the transaction, the director owned 1,194,530 shares in the company, valued at $546,306,350.20. This trade represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Brosius sold 61 shares of Intuitive Surgical stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $441.60, for a total value of $26,937.60. Following the transaction, the executive vice president directly owned 581 shares of the company’s stock, valued at $256,569.60. This trade represents a 9.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 39,056 shares of company stock valued at $17,585,864 in the last 90 days. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ISRG. JPMorgan Chase & Co. lifted their target price on shares of Intuitive Surgical from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Erste Group Bank raised Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Wednesday, October 21st. BMO Capital Markets reiterated an “outperform” rating on shares of Intuitive Surgical in a research report on Monday, July 20th. Raymond James Financial reissued an “outperform” rating and issued a $480.00 target price on shares of Intuitive Surgical in a report on Wednesday, October 21st. Finally, UBS Group restated a “buy” rating on shares of Intuitive Surgical in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $493.54.

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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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