Oak Harvest Investment Services Purchases New Shares in Intuitive Surgical, Inc. $ISRG

Oak Harvest Investment Services purchased a new stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,739 shares of the medical equipment provider’s stock, valued at approximately $3,817,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ISRG. Holos Integrated Wealth LLC acquired a new stake in Intuitive Surgical during the 4th quarter valued at $25,000. Newbridge Financial Services Group Inc. increased its holdings in Intuitive Surgical by 300.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 44 shares of the medical equipment provider’s stock valued at $25,000 after purchasing an additional 33 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Intuitive Surgical in the 3rd quarter valued at $27,000. Olistico Wealth LLC acquired a new stake in shares of Intuitive Surgical in the 4th quarter valued at $28,000. Finally, Caitlin John LLC acquired a new stake in shares of Intuitive Surgical in the 3rd quarter valued at $30,000. 83.64% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Intuitive Surgical

Here are the key news stories impacting Intuitive Surgical this week:

Insider Activity

In other Intuitive Surgical news, SVP Patricia L. Wadors sold 220 shares of Intuitive Surgical stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $499.71, for a total value of $109,936.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Myriam Curet sold 421 shares of Intuitive Surgical stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $494.96, for a total value of $208,378.16. Following the completion of the sale, the executive vice president directly owned 409 shares in the company, valued at $202,438.64. This represents a 50.72% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 32,943 shares of company stock valued at $17,279,568. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen cut Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. HSBC lifted their target price on Intuitive Surgical from $644.00 to $653.00 and gave the company a “buy” rating in a research note on Monday, January 26th. BTIG Research reissued a “buy” rating and issued a $616.00 target price on shares of Intuitive Surgical in a research note on Friday, April 10th. Robert W. Baird reduced their price target on Intuitive Surgical from $645.00 to $575.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Sanford C. Bernstein raised their price target on Intuitive Surgical from $740.00 to $750.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $598.36.

Get Our Latest Research Report on Intuitive Surgical

Intuitive Surgical Trading Up 2.4%

ISRG stock opened at $469.21 on Friday. The business’s 50-day moving average price is $479.21 and its two-hundred day moving average price is $514.47. The firm has a market cap of $166.63 billion, a PE ratio of 59.47, a P/E/G ratio of 3.58 and a beta of 1.68. Intuitive Surgical, Inc. has a 1-year low of $427.84 and a 1-year high of $603.88.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last posted its earnings results on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.26. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.72 billion. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.The company’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.21 earnings per share. On average, analysts forecast that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Intuitive Surgical Company Profile

(Free Report)

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.

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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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