502 Shares in Intuitive Surgical, Inc. (NASDAQ:ISRG) Purchased by Naviter Wealth LLC

Naviter Wealth LLC purchased a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 502 shares of the medical equipment provider’s stock, valued at approximately $200,000.

Several other institutional investors have also recently made changes to their positions in ISRG. Baystate Wealth Management LLC increased its position in Intuitive Surgical by 150.0% during the 4th quarter. Baystate Wealth Management LLC now owns 75 shares of the medical equipment provider’s stock worth $25,000 after buying an additional 45 shares during the period. MCF Advisors LLC boosted its holdings in Intuitive Surgical by 108.1% in the 4th quarter. MCF Advisors LLC now owns 77 shares of the medical equipment provider’s stock valued at $26,000 after purchasing an additional 40 shares during the period. Headinvest LLC acquired a new position in shares of Intuitive Surgical during the 3rd quarter worth approximately $28,000. Able Wealth Management LLC bought a new position in shares of Intuitive Surgical during the fourth quarter worth approximately $28,000. Finally, Atticus Wealth Management LLC raised its position in shares of Intuitive Surgical by 85.4% in the fourth quarter. Atticus Wealth Management LLC now owns 89 shares of the medical equipment provider’s stock valued at $30,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Intuitive Surgical Trading Up 0.6 %

Intuitive Surgical stock traded up $2.57 during mid-day trading on Tuesday, hitting $438.81. The stock had a trading volume of 1,091,445 shares, compared to its average volume of 1,524,658. The firm has a market capitalization of $155.65 billion, a P/E ratio of 79.17, a P/E/G ratio of 5.75 and a beta of 1.39. The firm’s 50 day moving average is $405.17 and its 200 day moving average is $384.28. Intuitive Surgical, Inc. has a one year low of $254.85 and a one year high of $448.10.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, April 18th. The medical equipment provider reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.10. Intuitive Surgical had a return on equity of 12.91% and a net margin of 27.16%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the company earned $1.00 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, equities research analysts forecast that Intuitive Surgical, Inc. will post 4.8 earnings per share for the current year.

Analysts Set New Price Targets

ISRG has been the subject of a number of recent analyst reports. BTIG Research upped their target price on Intuitive Surgical from $412.00 to $421.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Evercore ISI increased their price objective on shares of Intuitive Surgical from $385.00 to $425.00 and gave the stock an “in-line” rating in a research note on Tuesday. Jefferies Financial Group raised their target price on shares of Intuitive Surgical from $365.00 to $375.00 and gave the company a “hold” rating in a report on Friday, April 19th. Stifel Nicolaus upped their price target on shares of Intuitive Surgical from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Piper Sandler lifted their price objective on shares of Intuitive Surgical from $425.00 to $435.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and a consensus price target of $404.79.

Insider Activity

In other Intuitive Surgical news, Director Craig H. Barratt sold 1,400 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $421.06, for a total value of $589,484.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Intuitive Surgical news, EVP Robert Desantis sold 239 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $416.60, for a total transaction of $99,567.40. Following the completion of the transaction, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,293,799.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig H. Barratt sold 1,400 shares of Intuitive Surgical stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $421.06, for a total value of $589,484.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,956 shares of company stock valued at $6,927,011. 0.90% of the stock is currently owned by insiders.

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.