Parnassus Investments LLC Purchases 574 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Parnassus Investments LLC raised its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 36.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,133 shares of the medical equipment provider’s stock after acquiring an additional 574 shares during the period. Parnassus Investments LLC’s holdings in Intuitive Surgical were worth $1,048,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ISRG. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Intuitive Surgical during the 3rd quarter worth about $9,977,000. Banque Cantonale Vaudoise lifted its holdings in shares of Intuitive Surgical by 6.1% during the third quarter. Banque Cantonale Vaudoise now owns 8,332 shares of the medical equipment provider’s stock worth $4,094,000 after buying an additional 480 shares during the last quarter. SouthState Corp boosted its position in shares of Intuitive Surgical by 1.3% in the third quarter. SouthState Corp now owns 37,280 shares of the medical equipment provider’s stock valued at $18,315,000 after acquiring an additional 488 shares during the period. Fifth Third Wealth Advisors LLC boosted its position in shares of Intuitive Surgical by 94.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 8,338 shares of the medical equipment provider’s stock valued at $4,096,000 after acquiring an additional 4,050 shares during the period. Finally, Prospera Financial Services Inc grew its stake in shares of Intuitive Surgical by 264.6% in the third quarter. Prospera Financial Services Inc now owns 17,238 shares of the medical equipment provider’s stock worth $8,468,000 after acquiring an additional 12,510 shares during the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ISRG has been the subject of a number of research reports. Redburn Atlantic raised shares of Intuitive Surgical from a “neutral” rating to a “buy” rating and increased their price target for the company from $380.00 to $510.00 in a report on Friday, August 2nd. Truist Financial lifted their target price on Intuitive Surgical from $520.00 to $570.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Erste Group Bank raised Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday. Raymond James lifted their price objective on Intuitive Surgical from $500.00 to $540.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, BTIG Research set a $535.00 target price on Intuitive Surgical in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and a consensus price target of $524.61.

Insider Activity at Intuitive Surgical

In other news, EVP Robert Desantis sold 396 shares of Intuitive Surgical stock in a transaction on Monday, August 26th. The stock was sold at an average price of $486.88, for a total value of $192,804.48. Following the completion of the sale, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,680,761.28. This trade represents a 6.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jamie Samath sold 269 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $539.89, for a total value of $145,230.41. Following the sale, the insider now owns 8,757 shares of the company’s stock, valued at approximately $4,727,816.73. The trade was a 2.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 91,178 shares of company stock valued at $45,897,071 over the last ninety days. 0.80% of the stock is owned by insiders.

Intuitive Surgical Trading Up 1.4 %

NASDAQ ISRG opened at $538.82 on Wednesday. The firm has a market cap of $191.92 billion, a price-to-earnings ratio of 86.63, a PEG ratio of 5.19 and a beta of 1.39. Intuitive Surgical, Inc. has a 1-year low of $304.50 and a 1-year high of $544.38. The company has a 50 day moving average of $501.42 and a 200-day moving average of $460.69.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly 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 firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Intuitive Surgical had a return on equity of 13.41% and a net margin of 28.51%. On average, analysts forecast that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current year.

Intuitive Surgical Profile

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.