Terra Nova Asset Management LLC Raises Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Terra Nova Asset Management LLC raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,645 shares of the medical equipment provider’s stock after acquiring an additional 217 shares during the quarter. Intuitive Surgical makes up about 1.8% of Terra Nova Asset Management LLC’s holdings, making the stock its 23rd biggest holding. Terra Nova Asset Management LLC’s holdings in Intuitive Surgical were worth $2,301,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ISRG. Brighton Jones LLC lifted its position in shares of Intuitive Surgical by 24.9% during the 4th quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider’s stock worth $1,916,000 after buying an additional 731 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of Intuitive Surgical by 0.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 190,969 shares of the medical equipment provider’s stock worth $99,678,000 after buying an additional 883 shares during the last quarter. Wealthspire Advisors LLC lifted its position in shares of Intuitive Surgical by 28.6% during the 4th quarter. Wealthspire Advisors LLC now owns 1,645 shares of the medical equipment provider’s stock worth $859,000 after buying an additional 366 shares during the last quarter. BankPlus Trust Department purchased a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $28,000. Finally, Kirtland Hills Capital Management LLC lifted its position in shares of Intuitive Surgical by 15.0% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 1,125 shares of the medical equipment provider’s stock worth $587,000 after buying an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Erste Group Bank upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Thursday, June 5th. Truist Financial reduced their price target on shares of Intuitive Surgical from $605.00 to $590.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Evercore ISI reduced their price target on shares of Intuitive Surgical from $510.00 to $470.00 and set an “in-line” rating for the company in a research report on Wednesday, April 23rd. Piper Sandler reduced their price target on shares of Intuitive Surgical from $670.00 to $575.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Finally, BTIG Research set a $560.00 price target on shares of Intuitive Surgical and gave the company a “buy” rating in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and an average price target of $588.95.

Insider Transactions at Intuitive Surgical

In related news, Director Jami K. Nachtsheim sold 2,400 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $520.00, for a total value of $1,248,000.00. Following the sale, the director now directly owns 6,371 shares of the company’s stock, valued at approximately $3,312,920. This represents a 27.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark Brosius sold 216 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $563.11, for a total transaction of $121,631.76. Following the completion of the sale, the senior vice president now directly owns 907 shares in the company, valued at approximately $510,740.77. The trade was a 19.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,998 shares of company stock valued at $2,611,577 in the last ninety days. 0.70% of the stock is currently owned by company insiders.

Intuitive Surgical Stock Down 0.3%

NASDAQ:ISRG opened at $521.63 on Thursday. Intuitive Surgical, Inc. has a fifty-two week low of $413.82 and a fifty-two week high of $616.00. The stock has a market cap of $186.96 billion, a PE ratio of 76.49, a price-to-earnings-growth ratio of 5.55 and a beta of 1.67. The firm’s fifty day simple moving average is $530.03 and its 200-day simple moving average is $536.86.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.10. Intuitive Surgical had a net margin of 28.41% and a return on equity of 14.43%. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the company posted $1.50 EPS. Equities analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

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.