Intech Investment Management LLC Purchases 5,067 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Intech Investment Management LLC increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 23.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,346 shares of the medical equipment provider’s stock after acquiring an additional 5,067 shares during the period. Intech Investment Management LLC’s holdings in Intuitive Surgical were worth $12,943,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Ridgewood Investments LLC bought a new position in Intuitive Surgical in the 2nd quarter worth about $26,000. Godsey & Gibb Inc. increased its position in shares of Intuitive Surgical by 140.0% in the third quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock worth $29,000 after purchasing an additional 35 shares during the last quarter. Creekmur Asset Management LLC raised its stake in Intuitive Surgical by 200.0% in the first quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider’s stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. LGT Financial Advisors LLC lifted its position in Intuitive Surgical by 415.4% during the second 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. purchased a new position in Intuitive Surgical in the 3rd quarter worth approximately $33,000. 83.64% of the stock is owned by institutional investors.

Intuitive Surgical Price Performance

ISRG opened at $550.43 on Friday. Intuitive Surgical, Inc. has a one year low of $304.50 and a one year high of $551.78. The business has a 50 day simple moving average of $503.57 and a two-hundred day simple moving average of $461.88. The firm has a market capitalization of $196.05 billion, a price-to-earnings ratio of 88.49, a PEG ratio of 5.30 and a beta of 1.39.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Intuitive Surgical from $466.00 to $549.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Redburn Atlantic upgraded Intuitive Surgical from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $380.00 to $510.00 in a report on Friday, August 2nd. BTIG Research set a $535.00 price objective on Intuitive Surgical in a report on Friday, October 18th. Piper Sandler reiterated an “overweight” rating and set a $538.00 price target (up from $495.00) on shares of Intuitive Surgical in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. increased their target price on shares of Intuitive Surgical from $495.00 to $575.00 and gave the company an “overweight” rating in a report on Friday, October 11th. One equities research 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $524.61.

Insider Activity

In other news, insider Jamie Samath sold 22,903 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $525.00, for a total value of $12,024,075.00. Following the completion of the transaction, the insider now owns 8,757 shares of the company’s stock, valued at approximately $4,597,425. This represents a 72.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Desantis sold 396 shares of Intuitive Surgical stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $486.88, for a total value of $192,804.48. Following the sale, the executive vice president now owns 5,506 shares in the company, valued at $2,680,761.28. This represents a 6.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,935 shares of company stock valued at $26,305,169. Corporate insiders own 0.90% of the company’s stock.

Intuitive Surgical Company 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.