Intuitive Surgical, Inc. $ISRG Shares Purchased by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 90.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,800 shares of the medical equipment provider’s stock after purchasing an additional 6,540 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Intuitive Surgical were worth $7,499,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chilton Capital Management LLC lifted its holdings in shares of Intuitive Surgical by 614.3% during the first quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider’s stock worth $25,000 after purchasing an additional 43 shares during the period. Princeton Global Asset Management LLC purchased a new position in Intuitive Surgical during the second quarter valued at approximately $30,000. TD Capital Management LLC raised its position in Intuitive Surgical by 300.0% during the first quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock valued at $30,000 after acquiring an additional 45 shares in the last quarter. 1248 Management LLC purchased a new position in Intuitive Surgical during the first quarter valued at approximately $30,000. Finally, Bank of Jackson Hole Trust raised its position in Intuitive Surgical by 70.5% during the first quarter. Bank of Jackson Hole Trust now owns 75 shares of the medical equipment provider’s stock valued at $37,000 after acquiring an additional 31 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analysts Set New Price Targets

ISRG has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Intuitive Surgical in a research report on Friday. Sanford C. Bernstein restated an “outperform” rating and issued a $685.00 price objective on shares of Intuitive Surgical in a research report on Tuesday, October 21st. Piper Sandler boosted their price objective on Intuitive Surgical from $595.00 to $610.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada set a $625.00 price target on Intuitive Surgical and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Mizuho set a $575.00 price target on Intuitive Surgical in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Intuitive Surgical has a consensus rating of “Moderate Buy” and a consensus target price of $608.92.

Intuitive Surgical Stock Performance

NASDAQ ISRG opened at $534.28 on Monday. Intuitive Surgical, Inc. has a fifty-two week low of $425.00 and a fifty-two week high of $616.00. The stock’s fifty day moving average is $464.32 and its two-hundred day moving average is $498.73. The firm has a market capitalization of $191.53 billion, a P/E ratio of 70.67, a price-to-earnings-growth ratio of 4.94 and a beta of 1.61.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 EPS for the quarter, beating the consensus estimate of $1.99 by $0.41. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the company posted $1.84 EPS. The company’s quarterly revenue was up 22.9% on a year-over-year basis. As a group, sell-side analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insiders Place Their Bets

In related news, Director Craig H. Barratt sold 2,193 shares of the stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $548.01, for a total transaction of $1,201,785.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gary S. Guthart sold 29,360 shares of Intuitive Surgical stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $472.49, for a total value of $13,872,306.40. Following the completion of the transaction, the insider directly owned 19,827 shares of the company’s stock, valued at approximately $9,368,059.23. This represents a 59.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 96,011 shares of company stock worth $50,309,042. Corporate insiders own 0.70% of the company’s stock.

Intuitive Surgical 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.