MayTech Global Investments LLC Acquires 9,380 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

MayTech Global Investments LLC boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 17.0% in the third quarter, HoldingsChannel reports. The firm owned 64,719 shares of the medical equipment provider’s stock after buying an additional 9,380 shares during the period. Intuitive Surgical accounts for about 4.2% of MayTech Global Investments LLC’s holdings, making the stock its 10th biggest holding. MayTech Global Investments LLC’s holdings in Intuitive Surgical were worth $31,795,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ridgewood Investments LLC acquired a new stake in shares of Intuitive Surgical during the 2nd quarter worth approximately $26,000. Godsey & Gibb Inc. grew its position in Intuitive Surgical by 140.0% during the third quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock valued at $29,000 after buying an additional 35 shares during the period. LRI Investments LLC acquired a new stake in Intuitive Surgical during the first quarter valued at $30,000. LGT Financial Advisors LLC increased its holdings in Intuitive Surgical by 415.4% in the second quarter. LGT Financial Advisors LLC now owns 67 shares of the medical equipment provider’s stock valued at $30,000 after buying an additional 54 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Intuitive Surgical in the third quarter worth about $33,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Jamie Samath sold 108 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $542.06, for a total value of $58,542.48. Following the transaction, the chief financial officer now directly owns 8,757 shares in the company, valued at approximately $4,746,819.42. This represents a 1.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary S. Guthart sold 18,151 shares of Intuitive Surgical stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $511.63, for a total transaction of $9,286,596.13. Following the completion of the sale, the chief executive officer now owns 24,219 shares of the company’s stock, valued at $12,391,166.97. This trade represents a 42.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,459 shares of company stock worth $26,080,251. Company insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ISRG. Robert W. Baird lifted their price target on Intuitive Surgical from $503.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. boosted their price objective on Intuitive Surgical from $495.00 to $575.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Piper Sandler reiterated an “overweight” rating and set a $538.00 target price (up previously from $495.00) on shares of Intuitive Surgical in a research report on Friday, October 18th. Royal Bank of Canada boosted their price target on shares of Intuitive Surgical from $525.00 to $555.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, Stifel Nicolaus increased their price objective on shares of Intuitive Surgical from $475.00 to $525.00 and gave the company a “buy” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $526.06.

Intuitive Surgical Trading Down 0.7 %

Shares of ISRG stock opened at $538.55 on Thursday. Intuitive Surgical, Inc. has a twelve month low of $304.50 and a twelve month high of $552.00. The company’s 50-day moving average price is $507.94 and its 200-day moving average price is $466.79. The stock has a market cap of $191.82 billion, a price-to-earnings ratio of 86.58, a PEG ratio of 5.28 and a beta of 1.39.

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