M Holdings Securities Inc. Makes New $2.23 Million Investment in Intuitive Surgical, Inc. $ISRG

M Holdings Securities Inc. acquired a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,101 shares of the medical equipment provider’s stock, valued at approximately $2,227,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Main Street Group LTD acquired a new stake in shares of Intuitive Surgical in the first quarter valued at about $30,000. North Point Portfolio Managers Corp OH acquired a new position in shares of Intuitive Surgical in the third quarter worth approximately $27,000. John Boyer Inc. acquired a new position in shares of Intuitive Surgical in the third quarter worth approximately $27,000. Compass Wealth Management LLC bought a new stake in Intuitive Surgical in the third quarter valued at approximately $29,000. Finally, Evergreen Advisors LLC bought a new stake in Intuitive Surgical in the first quarter valued at approximately $35,000. Institutional investors own 83.64% of the company’s stock.

More Intuitive Surgical News

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

Insiders Place Their Bets

In other Intuitive Surgical news, SVP Patricia Wadors sold 1,078 shares of Intuitive Surgical stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $443.80, for a total value of $478,416.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Guthart sold 10,000 shares of Intuitive Surgical stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $457.34, for a total transaction of $4,573,400.00. Following the completion of the sale, the director directly owned 1,194,530 shares of the company’s stock, valued at approximately $546,306,350.20. This trade represents a 0.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 39,056 shares of company stock valued at $17,585,864. 0.60% of the stock is currently owned by corporate insiders.

Intuitive Surgical Stock Performance

Shares of ISRG opened at $460.56 on Tuesday. The firm has a market cap of $159.65 billion, a PE ratio of 54.05, a price-to-earnings-growth ratio of 3.32 and a beta of 1.45. Intuitive Surgical, Inc. has a 52-week low of $328.57 and a 52-week high of $603.88. The business’s 50 day moving average price is $411.69 and its two-hundred day moving average price is $431.58.

Intuitive Surgical (NASDAQ:ISRG – Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The medical equipment provider reported $3.00 EPS for the quarter, topping the consensus estimate of $2.65 by $0.35. The company 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 quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.40 EPS. Research analysts predict that Intuitive Surgical, Inc. will post 9.37 EPS for the current fiscal year.

Analyst Ratings Changes

ISRG has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price target on shares of Intuitive Surgical from $670.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, July 17th. UBS Group reissued a “buy” rating on shares of Intuitive Surgical in a research note on Tuesday, October 13th. Erste Group Bank upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Wednesday, October 21st. Robert W. Baird boosted their target price on shares of Intuitive Surgical from $513.00 to $550.00 and gave the company an “outperform” rating in a report on Wednesday, October 21st. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Intuitive Surgical in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $493.54.

Check Out Our Latest Stock Report on Intuitive Surgical

About Intuitive Surgical

(Free Report)

Read More

Want to see what other hedge funds are holding ISRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report).

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

Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.com's FREE daily email newsletter.