Intuitive Surgical, Inc. (NASDAQ:ISRG) Position Raised by Bridges Investment Management Inc.

Bridges Investment Management Inc. increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGFree Report) by 8.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 63,840 shares of the medical equipment provider’s stock after buying an additional 4,914 shares during the quarter. Bridges Investment Management Inc.’s holdings in Intuitive Surgical were worth $21,537,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in shares of Intuitive Surgical in the third quarter valued at $25,000. Headinvest LLC bought a new position in shares of Intuitive Surgical in the third quarter valued at $28,000. Stone House Investment Management LLC increased its holdings in shares of Intuitive Surgical by 100.0% in the third quarter. Stone House Investment Management LLC now owns 100 shares of the medical equipment provider’s stock valued at $29,000 after buying an additional 50 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Intuitive Surgical in the third quarter valued at $30,000. Finally, Truvestments Capital LLC raised its stake in Intuitive Surgical by 137.2% during the 3rd quarter. Truvestments Capital LLC now owns 102 shares of the medical equipment provider’s stock valued at $30,000 after purchasing an additional 59 shares during the period. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Up 0.3 %

Shares of ISRG opened at $383.42 on Thursday. Intuitive Surgical, Inc. has a 12-month low of $252.04 and a 12-month high of $403.76. The firm has a market capitalization of $135.90 billion, a PE ratio of 76.23, a price-to-earnings-growth ratio of 5.94 and a beta of 1.36. The stock’s fifty day simple moving average is $387.08 and its 200-day simple moving average is $335.99.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last released its earnings results on Tuesday, January 23rd. The medical equipment provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.12. Intuitive Surgical had a return on equity of 13.11% and a net margin of 25.24%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up 16.6% on a year-over-year basis. Analysts anticipate that Intuitive Surgical, Inc. will post 4.93 EPS for the current year.

Insider Buying and Selling at Intuitive Surgical

In other news, SVP Mark Brosius sold 196 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $400.00, for a total transaction of $78,400.00. Following the sale, the senior vice president now owns 1,842 shares of the company’s stock, valued at $736,800. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Mark Brosius sold 196 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $400.00, for a total transaction of $78,400.00. Following the completion of the transaction, the senior vice president now directly owns 1,842 shares in the company, valued at $736,800. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gary S. Guthart sold 24,325 shares of Intuitive Surgical stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $376.06, for a total value of $9,147,659.50. Following the transaction, the chief executive officer now owns 9,425 shares of the company’s stock, valued at $3,544,365.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 248,418 shares of company stock valued at $95,927,097. 0.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ISRG has been the topic of several recent analyst reports. StockNews.com downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Piper Sandler boosted their price target on shares of Intuitive Surgical from $325.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Stifel Nicolaus restated a “buy” rating and set a $420.00 price target on shares of Intuitive Surgical in a report on Friday, March 15th. Royal Bank of Canada boosted their price target on shares of Intuitive Surgical from $400.00 to $432.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, Wells Fargo & Company boosted their price target on shares of Intuitive Surgical from $363.00 to $416.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Intuitive Surgical has a consensus rating of “Moderate Buy” and an average price target of $375.20.

Check Out Our Latest Analysis on ISRG

About Intuitive Surgical

(Free Report)

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.

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

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