Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Purchased by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,329 shares of the medical equipment provider’s stock after buying an additional 330 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Intuitive Surgical were worth $2,925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Intuitive Surgical by 8.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 7,785 shares of the medical equipment provider’s stock worth $3,107,000 after buying an additional 617 shares during the last quarter. Trifecta Capital Advisors LLC grew its position in Intuitive Surgical by 8.0% in the 1st quarter. Trifecta Capital Advisors LLC now owns 9,233 shares of the medical equipment provider’s stock valued at $3,685,000 after buying an additional 680 shares during the last quarter. Hodges Capital Management Inc. raised its position in Intuitive Surgical by 32.3% during the 1st quarter. Hodges Capital Management Inc. now owns 10,536 shares of the medical equipment provider’s stock worth $4,205,000 after buying an additional 2,573 shares during the last quarter. Norris Perne & French LLP MI lifted its stake in shares of Intuitive Surgical by 4.2% in the 1st quarter. Norris Perne & French LLP MI now owns 1,441 shares of the medical equipment provider’s stock worth $575,000 after acquiring an additional 58 shares during the period. Finally, KRS Capital Management LLC increased its stake in shares of Intuitive Surgical by 19.8% during the first quarter. KRS Capital Management LLC now owns 1,240 shares of the medical equipment provider’s stock worth $495,000 after acquiring an additional 205 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Myriam Curet sold 5,318 shares of Intuitive Surgical stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $370.66, for a total transaction of $1,971,169.88. Following the transaction, the executive vice president now owns 298 shares in the company, valued at approximately $110,456.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intuitive Surgical news, EVP Myriam Curet sold 5,318 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $370.66, for a total value of $1,971,169.88. Following the completion of the transaction, the executive vice president now owns 298 shares in the company, valued at approximately $110,456.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan J. Levy sold 2,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $370.70, for a total transaction of $741,400.00. Following the transaction, the director now directly owns 25,319 shares in the company, valued at $9,385,753.30. The disclosure for this sale can be found here. Insiders sold a total of 17,956 shares of company stock worth $6,927,011 over the last ninety days. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

ISRG has been the topic of several recent analyst reports. BTIG Research boosted their target price on Intuitive Surgical from $412.00 to $421.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Jefferies Financial Group lifted their price target on shares of Intuitive Surgical from $365.00 to $375.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Piper Sandler raised their price objective on Intuitive Surgical from $425.00 to $435.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Robert W. Baird reduced their price objective on Intuitive Surgical from $440.00 to $436.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Finally, Stifel Nicolaus raised their price target on Intuitive Surgical from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $403.67.

Intuitive Surgical Trading Down 0.1 %

Shares of ISRG traded down $0.26 during mid-day trading on Friday, reaching $444.85. The company had a trading volume of 3,106,192 shares, compared to its average volume of 1,372,778. The stock has a market cap of $157.79 billion, a price-to-earnings ratio of 80.30, a price-to-earnings-growth ratio of 5.75 and a beta of 1.39. The firm has a fifty day simple moving average of $403.83 and a 200-day simple moving average of $382.69. Intuitive Surgical, Inc. has a fifty-two week low of $254.85 and a fifty-two week high of $447.11.

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

About Intuitive Surgical

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.