Intuitive Surgical, Inc. $ISRG Stock: Phoenix Financial Ltd. Raises Stake

Phoenix Financial Ltd. boosted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 30.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,657 shares of the medical equipment provider’s stock after buying an additional 2,940 shares during the quarter. Phoenix Financial Ltd.’s holdings in Intuitive Surgical were worth $4,861,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Dogwood Wealth Management LLC lifted its holdings in shares of Intuitive Surgical by 178.3% in the 3rd quarter. Dogwood Wealth Management LLC now owns 64 shares of the medical equipment provider’s stock worth $26,000 after acquiring an additional 41 shares during the last quarter. North Point Portfolio Managers Corp OH purchased a new position in shares of Intuitive Surgical during the 3rd quarter worth about $27,000. John Boyer Inc. bought a new position in Intuitive Surgical during the 3rd quarter valued at about $27,000. Compass Wealth Management LLC bought a new position in Intuitive Surgical during the 3rd quarter valued at about $29,000. Finally, Main Street Group LTD bought a new position in Intuitive Surgical during the 1st quarter valued at about $30,000. Institutional investors own 83.64% of the company’s stock.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, Director Craig H. Barratt sold 1,150 shares of the company’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $443.80, for a total value of $510,370.00. Following the completion of the sale, the director directly owned 1,150 shares in the company, valued at approximately $510,370. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Patricia L. Wadors sold 1,078 shares of the stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $443.80, for a total value of $478,416.40. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 39,456 shares of company stock worth $17,769,124 over the last three months. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on ISRG shares. BNP Paribas Exane raised Intuitive Surgical to an “outperform” rating in a research note on Tuesday, July 28th. Robert W. Baird boosted their price objective on Intuitive Surgical from $513.00 to $550.00 and gave the company an “outperform” rating in a report on Wednesday, October 21st. KeyCorp restated an “overweight” rating on shares of Intuitive Surgical in a report on Wednesday, August 12th. JPMorgan Chase & Co. upped their price objective on Intuitive Surgical from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Finally, UBS Group reiterated a “buy” rating on shares of Intuitive Surgical in a research note on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Intuitive Surgical currently has an average rating of “Moderate Buy” and a consensus price target of $493.54.

Intuitive Surgical Price Performance

ISRG stock traded up $3.70 during mid-day trading on Friday, reaching $443.59. The company had a trading volume of 1,604,248 shares, compared to its average volume of 2,787,457. The company has a market capitalization of $153.77 billion, a PE ratio of 53.64, a price-to-earnings-growth ratio of 3.03 and a beta of 1.45. The firm has a 50 day moving average of $417.59 and a 200 day moving average of $429.98. Intuitive Surgical, Inc. has a 12 month low of $328.57 and a 12 month high of $603.88.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Tuesday, October 20th. The medical equipment provider reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.35. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.91 billion. Intuitive Surgical had a net margin of 25.54% and a return on equity of 18.17%. The company’s revenue was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.40 earnings per share. Analysts anticipate that Intuitive Surgical, Inc. will post 9.37 EPS for the current year.

Intuitive Surgical Company Profile

Intuitive Surgical develops, manufactures and markets robotic-assisted systems for minimally invasive procedures. Its products include da Vinci surgical systems, which allow surgeons to control instruments and a high-definition vision system from a console, as well as the Ion endoluminal system, designed to assist with minimally invasive lung biopsies. The company also provides instruments, accessories, training and support services for its systems. Its technology is used in a range of surgical specialties, including urology, general surgery and gynecology.