Intuitive Surgical, Inc. $ISRG Shares Purchased by Waterloo Capital L.P.

Waterloo Capital L.P. boosted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 13.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,111 shares of the medical equipment provider’s stock after acquiring an additional 596 shares during the period. Waterloo Capital L.P.’s holdings in Intuitive Surgical were worth $2,777,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Tobam lifted its position in Intuitive Surgical by 666.7% during the second quarter. Tobam now owns 46 shares of the medical equipment provider’s stock worth $25,000 after buying an additional 40 shares during the period. TD Capital Management LLC increased its stake in shares of Intuitive Surgical by 300.0% during the 1st 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 acquired a new stake in shares of Intuitive Surgical in the first quarter worth approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of Intuitive Surgical in the second quarter worth approximately $30,000. Finally, Bank of Jackson Hole Trust grew its holdings in Intuitive Surgical by 70.5% in the first 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 period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Intuitive Surgical from $599.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Robert W. Baird set a $655.00 target price on Intuitive Surgical in a report on Wednesday, October 22nd. Zacks Research upgraded Intuitive Surgical from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Piper Sandler lifted their price objective on Intuitive Surgical from $595.00 to $610.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Daiwa Capital Markets boosted their target price on Intuitive Surgical from $510.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $608.92.

Intuitive Surgical Stock Performance

ISRG stock opened at $561.61 on Friday. The firm has a market cap of $201.32 billion, a P/E ratio of 74.29, a price-to-earnings-growth ratio of 4.94 and a beta of 1.62. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $616.00. The stock has a 50-day simple moving average of $492.09 and a 200-day simple moving average of $504.12.

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, topping analysts’ consensus estimates of $1.99 by $0.41. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the prior year, the business earned $1.84 EPS. Intuitive Surgical’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, equities research analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insider Activity

In other Intuitive Surgical news, EVP Henry L. Charlton sold 13,731 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $580.00, for a total value of $7,963,980.00. Following the completion of the transaction, the executive vice president directly owned 3,056 shares of the company’s stock, valued at $1,772,480. This represents a 81.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Fredrik Widman sold 2,067 shares of Intuitive Surgical stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $550.00, for a total value of $1,136,850.00. Following the sale, the vice president directly owned 473 shares in the company, valued at approximately $260,150. The trade was a 81.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 116,164 shares of company stock worth $61,916,172 over the last three months. 0.70% of the stock is currently owned by corporate insiders.

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.