Eastern Bank Increases Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Eastern Bank lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 5.0% during the 4th quarter, HoldingsChannel reports. The firm owned 4,266 shares of the medical equipment provider’s stock after acquiring an additional 203 shares during the quarter. Eastern Bank’s holdings in Intuitive Surgical were worth $2,227,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wealthspire Advisors LLC boosted its position in shares of Intuitive Surgical by 10.9% during the 2nd quarter. Wealthspire Advisors LLC now owns 1,145 shares of the medical equipment provider’s stock valued at $509,000 after acquiring an additional 113 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in Intuitive Surgical by 37.2% during the second quarter. J.W. Cole Advisors Inc. now owns 2,767 shares of the medical equipment provider’s stock valued at $1,231,000 after purchasing an additional 750 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Intuitive Surgical by 45.3% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 2,228 shares of the medical equipment provider’s stock worth $991,000 after buying an additional 695 shares in the last quarter. Fairfield Financial Advisors LTD bought a new stake in shares of Intuitive Surgical in the 2nd quarter worth about $1,193,000. Finally, Angeles Investment Advisors LLC purchased a new stake in shares of Intuitive Surgical during the 2nd quarter valued at about $221,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on Intuitive Surgical from $525.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Leerink Partners increased their price target on Intuitive Surgical from $489.00 to $502.00 in a report on Thursday, October 17th. Morgan Stanley upgraded Intuitive Surgical from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $522.00 to $650.00 in a research report on Monday, December 2nd. Oppenheimer reissued a “market perform” rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Finally, Wells Fargo & Company lifted their price target on shares of Intuitive Surgical from $549.00 to $630.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Intuitive Surgical has an average rating of “Moderate Buy” and an average price target of $554.17.

Insider Transactions at Intuitive Surgical

In other Intuitive Surgical news, CFO Jamie Samath sold 108 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $542.06, for a total transaction of $58,542.48. Following the completion of the sale, the chief financial officer now directly owns 8,757 shares of the company’s stock, valued at approximately $4,746,819.42. This represents a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Brian Edward Miller sold 2,553 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $515.00, for a total transaction of $1,314,795.00. Following the completion of the transaction, the executive vice president now directly owns 7,066 shares in the company, valued at approximately $3,638,990. The trade was a 26.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,190 shares of company stock valued at $25,012,927. Company insiders own 0.90% of the company’s stock.

Intuitive Surgical Stock Down 1.4 %

Shares of NASDAQ ISRG opened at $539.75 on Tuesday. Intuitive Surgical, Inc. has a twelve month low of $355.17 and a twelve month high of $556.23. The firm has a market cap of $192.25 billion, a PE ratio of 86.78, a price-to-earnings-growth ratio of 5.31 and a beta of 1.39. The business has a fifty day simple moving average of $536.58 and a two-hundred day simple moving average of $495.83.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data 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. Intuitive Surgical had a return on equity of 13.41% and a net margin of 28.51%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.01 billion. On average, research analysts expect that Intuitive Surgical, Inc. will post 5.45 earnings per share 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.