Empirical Finance LLC Buys 1,453 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Empirical Finance LLC raised its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) by 20.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,649 shares of the medical equipment provider’s stock after purchasing an additional 1,453 shares during the period. Empirical Finance LLC’s holdings in Intuitive Surgical were worth $1,621,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ISRG. RB Capital Management LLC raised its position in shares of Intuitive Surgical by 4.4% in the 1st quarter. RB Capital Management LLC now owns 1,735 shares of the medical equipment provider’s stock worth $523,000 after acquiring an additional 73 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Intuitive Surgical by 0.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 946,709 shares of the medical equipment provider’s stock worth $285,603,000 after acquiring an additional 5,233 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Intuitive Surgical by 2.3% in the 1st quarter. Baird Financial Group Inc. now owns 21,089 shares of the medical equipment provider’s stock worth $6,362,000 after acquiring an additional 481 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Intuitive Surgical by 576.7% in the 1st quarter. Brown Brothers Harriman & Co. now owns 406 shares of the medical equipment provider’s stock worth $122,000 after acquiring an additional 346 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Intuitive Surgical by 50.4% in the 1st quarter. Covestor Ltd now owns 418 shares of the medical equipment provider’s stock worth $126,000 after acquiring an additional 140 shares in the last quarter. 81.96% of the stock is owned by institutional investors.

Intuitive Surgical Stock Performance

ISRG stock opened at $257.98 on Wednesday. The company has a market capitalization of $91.17 billion, a P/E ratio of 68.07, a price-to-earnings-growth ratio of 4.90 and a beta of 1.36. Intuitive Surgical, Inc. has a 52-week low of $180.07 and a 52-week high of $308.97. The business has a 50-day simple moving average of $264.91 and a two-hundred day simple moving average of $234.18.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last posted its earnings results on Tuesday, January 24th. The medical equipment provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.02). Intuitive Surgical had a return on equity of 11.54% and a net margin of 22.52%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the business earned $1.30 EPS. Intuitive Surgical’s quarterly revenue was up 6.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Intuitive Surgical, Inc. will post 3.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Myriam Curet sold 8,000 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $250.06, for a total value of $2,000,480.00. Following the sale, the executive vice president now owns 217 shares of the company’s stock, valued at approximately $54,263.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Myriam Curet sold 8,000 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $250.06, for a total value of $2,000,480.00. Following the sale, the executive vice president now owns 217 shares of the company’s stock, valued at approximately $54,263.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amal M. Johnson sold 6,375 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $239.36, for a total transaction of $1,525,920.00. Following the completion of the sale, the director now directly owns 11,224 shares in the company, valued at approximately $2,686,576.64. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ISRG. BTIG Research lifted their price objective on Intuitive Surgical from $247.00 to $316.00 and gave the stock a “buy” rating in a research report on Monday, December 5th. StockNews.com began coverage on Intuitive Surgical in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Jefferies Financial Group began coverage on Intuitive Surgical in a research note on Wednesday, October 12th. They issued a “hold” rating and a $210.00 target price for the company. Wells Fargo & Company reduced their target price on Intuitive Surgical from $305.00 to $289.00 in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Intuitive Surgical from $205.00 to $230.00 and gave the company a “hold” rating in a research note on Thursday, October 20th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $278.74.

About Intuitive Surgical

(Get Rating)

Intuitive Surgical, Inc engages in the development, manufacture, and marketing of da Vinci Surgical Systems, and related instruments and accessories for invasive surgery. Its products include Da Vinci and Ion. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G. Younge in November 1995 and is headquartered in Sunnyvale, CA.

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

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