Vaughan Nelson Investment Management L.P. Purchases 1,490 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Vaughan Nelson Investment Management L.P. increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) by 69.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,645 shares of the medical equipment provider’s stock after acquiring an additional 1,490 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Intuitive Surgical were worth $683,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bogart Wealth LLC grew its position in Intuitive Surgical by 70.1% during the 3rd quarter. Bogart Wealth LLC now owns 148 shares of the medical equipment provider’s stock worth $28,000 after purchasing an additional 61 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Intuitive Surgical by 196.1% in the 2nd quarter. Larson Financial Group LLC now owns 151 shares of the medical equipment provider’s stock valued at $30,000 after acquiring an additional 100 shares during the last quarter. MV Capital Management Inc. boosted its holdings in shares of Intuitive Surgical by 138.9% in the 2nd quarter. MV Capital Management Inc. now owns 172 shares of the medical equipment provider’s stock valued at $35,000 after acquiring an additional 100 shares during the last quarter. Gleason Group Inc. boosted its holdings in shares of Intuitive Surgical by 111.1% in the 3rd quarter. Gleason Group Inc. now owns 190 shares of the medical equipment provider’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of Intuitive Surgical by 82.5% in the 2nd quarter. JFS Wealth Advisors LLC now owns 188 shares of the medical equipment provider’s stock valued at $38,000 after acquiring an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 81.96% of the company’s stock.

Insider Activity

In other news, Director Amal M. Johnson sold 6,375 shares of Intuitive Surgical stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $239.36, for a total value of $1,525,920.00. Following the transaction, the director now directly owns 11,224 shares of the company’s stock, valued at approximately $2,686,576.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Myriam Curet sold 8,000 shares of Intuitive Surgical stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $250.06, for a total value of $2,000,480.00. Following the transaction, the executive vice president now directly owns 217 shares of the company’s stock, valued at approximately $54,263.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amal M. Johnson sold 6,375 shares of Intuitive Surgical stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $239.36, for a total transaction of $1,525,920.00. Following the completion of the transaction, the director now owns 11,224 shares in the company, valued at $2,686,576.64. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

Intuitive Surgical Trading Up 0.8 %

ISRG stock opened at $257.98 on Wednesday. Intuitive Surgical, Inc. has a twelve month low of $180.07 and a twelve month high of $308.97. The company’s 50 day moving average is $264.91 and its two-hundred day moving average is $234.18. The stock has a market cap of $91.17 billion, a P/E ratio of 68.07, a PEG ratio of 4.90 and a beta of 1.36.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last announced its earnings results on Tuesday, January 24th. The medical equipment provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.02). The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. Intuitive Surgical had a net margin of 22.52% and a return on equity of 11.54%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 earnings per share. On average, equities research analysts predict that Intuitive Surgical, Inc. will post 3.77 earnings per share for the current year.

Wall Street Analyst Weigh In

ISRG has been the topic of a number of recent analyst reports. BTIG Research increased their price target on shares of Intuitive Surgical from $247.00 to $316.00 and gave the stock a “buy” rating in a report on Monday, December 5th. Wells Fargo & Company reduced their price objective on shares of Intuitive Surgical from $305.00 to $289.00 in a research report on Wednesday. StockNews.com assumed coverage on shares of Intuitive Surgical in a research report on Wednesday, October 12th. They set a “hold” rating for the company. JPMorgan Chase & Co. upped their price objective on shares of Intuitive Surgical from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, November 18th. Finally, Barclays increased their target price on shares of Intuitive Surgical from $235.00 to $298.00 in a research report on Wednesday, January 4th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $278.74.

About Intuitive Surgical

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Intuitive Surgical, Inc engages in the development, manufacture, and marketing of da Vinci Surgical Systems, and related instruments and accessories for invasive surgery. Its products include Da Vinci and Ion. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G. Younge in November 1995 and is headquartered in Sunnyvale, CA.

Further Reading

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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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