Intuitive Surgical, Inc. $ISRG Shares Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. boosted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 103.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,154 shares of the medical equipment provider’s stock after buying an additional 1,604 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Intuitive Surgical were worth $1,786,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Holos Integrated Wealth LLC acquired a new stake in shares of Intuitive Surgical in the 4th quarter worth $25,000. Newbridge Financial Services Group Inc. raised its stake in Intuitive Surgical by 300.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 44 shares of the medical equipment provider’s stock worth $25,000 after purchasing an additional 33 shares during the period. Greykasell Wealth Strategies Inc. purchased a new position in Intuitive Surgical during the third quarter worth about $27,000. Olistico Wealth LLC purchased a new position in Intuitive Surgical during the fourth quarter worth about $28,000. Finally, Caitlin John LLC purchased a new position in Intuitive Surgical during the third quarter worth about $30,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Intuitive Surgical news, EVP Myriam Curet sold 105 shares of Intuitive Surgical stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $493.95, for a total value of $51,864.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gary Loeb sold 400 shares of Intuitive Surgical stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $446.95, for a total value of $178,780.00. Following the completion of the sale, the executive vice president owned 6,120 shares of the company’s stock, valued at $2,735,334. This trade represents a 6.13% decrease in their position. 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 5,701 shares of company stock valued at $2,783,807 in the last 90 days. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

ISRG has been the topic of a number of analyst reports. The Goldman Sachs Group set a $558.00 target price on shares of Intuitive Surgical in a research note on Wednesday. HSBC cut their target price on Intuitive Surgical from $653.00 to $604.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. BTIG Research reissued a “buy” rating and set a $574.00 target price on shares of Intuitive Surgical in a research note on Wednesday, April 22nd. TD Cowen cut their target price on Intuitive Surgical from $660.00 to $585.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Finally, Mizuho set a $525.00 target price on Intuitive Surgical and gave the stock a “neutral” rating in a research note on Monday, April 13th. Nineteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and an average target price of $576.71.

Intuitive Surgical Price Performance

Shares of Intuitive Surgical stock opened at $418.55 on Thursday. The firm’s fifty day simple moving average is $455.79 and its 200-day simple moving average is $507.97. The stock has a market capitalization of $148.23 billion, a price-to-earnings ratio of 50.73, a PEG ratio of 3.49 and a beta of 1.51. Intuitive Surgical, Inc. has a 12 month low of $414.30 and a 12 month high of $603.88.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Tuesday, April 21st. The medical equipment provider reported $2.50 EPS for the quarter, beating the consensus estimate of $2.08 by $0.42. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.62 billion. Intuitive Surgical had a return on equity of 15.98% and a net margin of 28.15%.The firm’s revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.81 EPS. Analysts anticipate that Intuitive Surgical, Inc. will post 8.57 earnings per share for the current year.

Intuitive Surgical Profile

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.