L & S Advisors Inc Acquires 7,362 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

L & S Advisors Inc raised its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 48.9% during the third quarter, HoldingsChannel reports. The fund owned 22,427 shares of the medical equipment provider’s stock after purchasing an additional 7,362 shares during the quarter. Intuitive Surgical comprises about 1.2% of L & S Advisors Inc’s investment portfolio, making the stock its 17th biggest holding. L & S Advisors Inc’s holdings in Intuitive Surgical were worth $11,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mirador Capital Partners LP grew its position in shares of Intuitive Surgical by 1.4% during the 3rd quarter. Mirador Capital Partners LP now owns 3,526 shares of the medical equipment provider’s stock valued at $1,732,000 after purchasing an additional 50 shares in the last quarter. Advisors Asset Management Inc. grew its position in Intuitive Surgical by 18.1% in the first quarter. Advisors Asset Management Inc. now owns 7,380 shares of the medical equipment provider’s stock worth $2,945,000 after acquiring an additional 1,129 shares in the last quarter. Consolidated Planning Corp grew its position in Intuitive Surgical by 17.4% in the third quarter. Consolidated Planning Corp now owns 8,099 shares of the medical equipment provider’s stock worth $3,979,000 after acquiring an additional 1,198 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Intuitive Surgical by 617.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 89,069 shares of the medical equipment provider’s stock worth $39,622,000 after acquiring an additional 76,649 shares in the last quarter. Finally, ABLE Financial Group LLC purchased a new position in Intuitive Surgical in the third quarter worth $604,000. Institutional investors own 83.64% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ISRG. Raymond James upped their price target on shares of Intuitive Surgical from $500.00 to $540.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Wells Fargo & Company upped their price target on shares of Intuitive Surgical from $466.00 to $549.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Oppenheimer restated a “market perform” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Truist Financial upped their price objective on shares of Intuitive Surgical from $520.00 to $570.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Finally, Robert W. Baird upped their price objective on shares of Intuitive Surgical from $503.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $524.61.

Insider Buying and Selling

In other news, EVP Robert Desantis sold 396 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $486.88, for a total transaction of $192,804.48. Following the sale, the executive vice president now directly owns 5,506 shares in the company, valued at $2,680,761.28. This trade represents a 6.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Henry L. Charlton sold 40,243 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $486.84, for a total transaction of $19,591,902.12. Following the sale, the senior vice president now owns 3,001 shares in the company, valued at $1,461,006.84. The trade was a 93.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,178 shares of company stock worth $45,897,071. 0.90% of the stock is owned by insiders.

Intuitive Surgical Trading Up 0.6 %

Shares of ISRG stock opened at $541.82 on Thursday. Intuitive Surgical, Inc. has a 12-month low of $304.50 and a 12-month high of $544.38. The firm’s 50 day moving average is $502.44 and its 200 day moving average is $461.26. The stock has a market capitalization of $192.99 billion, a P/E ratio of 87.11, a P/E/G ratio of 5.30 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.32. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.01 billion. As a group, equities analysts predict that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current year.

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.