Westside Investment Management Inc. Acquires 124 Shares of Intuitive Surgical, Inc. $ISRG

Westside Investment Management Inc. increased its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1,377.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 133 shares of the medical equipment provider’s stock after acquiring an additional 124 shares during the quarter. Westside Investment Management Inc.’s holdings in Intuitive Surgical were worth $72,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Aaron Wealth Advisors LLC raised its stake in Intuitive Surgical by 0.8% in the second quarter. Aaron Wealth Advisors LLC now owns 2,528 shares of the medical equipment provider’s stock valued at $1,374,000 after purchasing an additional 19 shares in the last quarter. CFO4Life Group LLC increased its stake in shares of Intuitive Surgical by 4.8% in the first quarter. CFO4Life Group LLC now owns 436 shares of the medical equipment provider’s stock valued at $216,000 after buying an additional 20 shares during the period. J. W. Coons Advisors LLC increased its stake in shares of Intuitive Surgical by 1.4% in the first quarter. J. W. Coons Advisors LLC now owns 1,497 shares of the medical equipment provider’s stock valued at $741,000 after buying an additional 20 shares during the period. Exencial Wealth Advisors LLC increased its stake in shares of Intuitive Surgical by 3.1% in the first quarter. Exencial Wealth Advisors LLC now owns 661 shares of the medical equipment provider’s stock valued at $327,000 after buying an additional 20 shares during the period. Finally, Evergreen Capital Management LLC boosted its holdings in Intuitive Surgical by 0.5% in the first quarter. Evergreen Capital Management LLC now owns 4,288 shares of the medical equipment provider’s stock valued at $2,124,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ISRG shares. Royal Bank Of Canada set a $625.00 price target on shares of Intuitive Surgical and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Robert W. Baird set a $655.00 price target on shares of Intuitive Surgical in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Intuitive Surgical in a research note on Friday, August 22nd. Evercore ISI raised their price objective on Intuitive Surgical from $450.00 to $540.00 in a research note on Wednesday, October 22nd. Finally, Piper Sandler lifted their target price on Intuitive Surgical from $595.00 to $610.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $608.92.

Insider Activity

In other news, Director Amy L. Ladd sold 335 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $440.69, for a total transaction of $147,631.15. Following the completion of the sale, the director owned 739 shares of the company’s stock, valued at approximately $325,669.91. This represents a 31.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gary S. Guthart sold 2,800 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $546.27, for a total value of $1,529,556.00. Following the sale, the insider directly owned 17,120 shares of the company’s stock, valued at approximately $9,352,142.40. This trade represents a 14.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 96,011 shares of company stock valued at $50,309,042. Corporate insiders own 0.70% of the company’s stock.

Intuitive Surgical Trading Down 1.0%

Shares of Intuitive Surgical stock opened at $538.82 on Wednesday. Intuitive Surgical, Inc. has a 12-month low of $425.00 and a 12-month high of $616.00. The company has a market cap of $193.15 billion, a price-to-earnings ratio of 71.27, a PEG ratio of 4.94 and a beta of 1.61. The company’s 50-day moving average price is $467.13 and its 200-day moving average price is $499.56.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Tuesday, October 21st. The medical equipment provider reported $2.40 EPS for the quarter, topping 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 company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the firm earned $1.84 earnings per share. Intuitive Surgical’s revenue was up 22.9% on a year-over-year basis. On average, sell-side analysts predict that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

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.