Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC increased its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 41.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,071 shares of the medical equipment provider’s stock after buying an additional 3,239 shares during the period. Townsquare Capital LLC’s holdings in Intuitive Surgical were worth $5,439,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Ridgewood Investments LLC bought a new stake in Intuitive Surgical in the 2nd quarter valued at about $26,000. Godsey & Gibb Inc. lifted its position in Intuitive Surgical by 140.0% in the 3rd quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock valued at $29,000 after purchasing an additional 35 shares during the last quarter. LRI Investments LLC bought a new stake in Intuitive Surgical in the 1st quarter valued at about $30,000. LGT Financial Advisors LLC lifted its position in Intuitive Surgical by 415.4% in the 2nd quarter. LGT Financial Advisors LLC now owns 67 shares of the medical equipment provider’s stock valued at $30,000 after purchasing an additional 54 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new stake in Intuitive Surgical in the 3rd quarter valued at about $33,000. 83.64% of the stock is currently owned by institutional investors.

Intuitive Surgical Stock Down 0.7 %

Shares of ISRG opened at $538.55 on Friday. The company’s fifty day moving average is $508.91 and its 200-day moving average is $467.29. Intuitive Surgical, Inc. has a 12 month low of $304.50 and a 12 month high of $552.00. The firm has a market cap of $191.82 billion, a price-to-earnings ratio of 86.58, a price-to-earnings-growth ratio of 5.28 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.24 by $0.32. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.01 billion. As a group, research analysts predict that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Intuitive Surgical from $466.00 to $549.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Oppenheimer restated a “market perform” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. The Goldman Sachs Group set a $604.00 price target on shares of Intuitive Surgical in a research report on Friday, October 18th. Evercore ISI restated a “cautious” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Finally, Truist Financial boosted their price target on shares of Intuitive Surgical from $520.00 to $570.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $526.06.

Insider Transactions at Intuitive Surgical

In related news, General Counsel Gary Loeb sold 300 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $475.00, for a total transaction of $142,500.00. Following the completion of the sale, the general counsel now directly owns 1,595 shares of the company’s stock, valued at approximately $757,625. This represents a 15.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Desantis sold 238 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $477.50, for a total transaction of $113,645.00. Following the sale, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,629,115. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,459 shares of company stock worth $26,080,251 in the last 90 days. 0.90% of the stock is 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.