Savant Capital LLC Buys 189 Shares of Intuitive Surgical, Inc. $ISRG

Savant Capital LLC raised its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 7,092 shares of the medical equipment provider’s stock after buying an additional 189 shares during the quarter. Savant Capital LLC’s holdings in Intuitive Surgical were worth $3,854,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ISRG. TD Capital Management LLC increased 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 during the last quarter. 1248 Management LLC bought a new stake in shares of Intuitive Surgical during the 1st quarter valued at about $30,000. Princeton Global Asset Management LLC bought a new stake in shares of Intuitive Surgical during the 2nd quarter valued at about $30,000. Bank of Jackson Hole Trust increased its position in shares of Intuitive Surgical by 70.5% during the 1st quarter. Bank of Jackson Hole Trust now owns 75 shares of the medical equipment provider’s stock valued at $37,000 after purchasing an additional 31 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its stake in shares of Intuitive Surgical by 49.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the medical equipment provider’s stock worth $41,000 after purchasing an additional 27 shares during the period. 83.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Erste Group Bank restated a “hold” rating on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Truist Financial set a $620.00 price objective on shares of Intuitive Surgical and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Hsbc Global Res upgraded Intuitive Surgical to a “strong-buy” rating in a research note on Thursday, October 23rd. HSBC lifted their target price on Intuitive Surgical from $595.00 to $644.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, BTIG Research boosted their price target on Intuitive Surgical from $529.00 to $589.00 and gave the company a “buy” rating in a report 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $608.92.

Insider Transactions at Intuitive Surgical

In related news, EVP Myriam Curet sold 125 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $543.00, for a total transaction of $67,875.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David J. Rosa sold 24,500 shares of the business’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $547.55, for a total transaction of $13,414,975.00. Following the sale, the chief executive officer directly owned 234,256 shares of the company’s stock, valued at $128,266,872.80. This represents a 9.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 98,078 shares of company stock worth $51,445,892. 0.70% of the stock is currently owned by insiders.

Intuitive Surgical Price Performance

NASDAQ:ISRG opened at $560.00 on Monday. The firm has a market capitalization of $200.75 billion, a price-to-earnings ratio of 74.07, a PEG ratio of 4.94 and a beta of 1.62. The business has a 50 day simple moving average of $471.89 and a 200-day simple moving average of $501.11. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $616.00.

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