Intuitive Surgical, Inc. $ISRG Shares Bought by Prosperity Financial Group Inc.

Prosperity Financial Group Inc. raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,244 shares of the medical equipment provider’s stock after purchasing an additional 40 shares during the quarter. Prosperity Financial Group Inc.’s holdings in Intuitive Surgical were worth $676,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ISRG. Brighton Jones LLC lifted its position in shares of Intuitive Surgical by 24.9% during the fourth quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider’s stock worth $1,916,000 after purchasing an additional 731 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Intuitive Surgical by 9.3% during the first quarter. GAMMA Investing LLC now owns 6,115 shares of the medical equipment provider’s stock worth $3,029,000 after purchasing an additional 518 shares in the last quarter. Valmark Advisers Inc. lifted its position in shares of Intuitive Surgical by 8.9% during the first quarter. Valmark Advisers Inc. now owns 982 shares of the medical equipment provider’s stock worth $486,000 after purchasing an additional 80 shares in the last quarter. Consolidated Portfolio Review Corp acquired a new stake in shares of Intuitive Surgical during the first quarter worth about $208,000. Finally, International Assets Investment Management LLC lifted its position in shares of Intuitive Surgical by 14.5% during the first quarter. International Assets Investment Management LLC now owns 2,379 shares of the medical equipment provider’s stock worth $1,178,000 after purchasing an additional 301 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analysts Set New Price Targets

ISRG has been the topic of several research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Intuitive Surgical in a research report on Wednesday, October 8th. Piper Sandler increased their price target on shares of Intuitive Surgical from $595.00 to $610.00 and gave the stock an “overweight” rating in a research report on Wednesday. BTIG Research raised their target price on shares of Intuitive Surgical from $529.00 to $589.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group set a $529.00 target price on shares of Intuitive Surgical in a report on Monday, October 13th. Finally, Wall Street Zen cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $599.68.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, insider Gary S. Guthart sold 29,360 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $472.49, for a total value of $13,872,306.40. Following the transaction, the insider directly owned 19,827 shares in the company, valued at $9,368,059.23. This represents a 59.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Myriam Curet sold 4,500 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $492.48, for a total transaction of $2,216,160.00. Following the completion of the transaction, the executive vice president owned 353 shares in the company, valued at $173,845.44. This represents a 92.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,224 shares of company stock worth $21,716,492 over the last three months. Insiders own 0.70% of the company’s stock.

Intuitive Surgical Stock Up 13.9%

Shares of Intuitive Surgical stock opened at $527.03 on Thursday. The firm has a market capitalization of $188.93 billion, a P/E ratio of 69.71, a P/E/G ratio of 4.86 and a beta of 1.61. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00. The firm’s 50 day moving average is $455.28 and its two-hundred day moving average is $495.80.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 EPS for the quarter, beating the consensus estimate of $1.99 by $0.41. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.41 billion. Intuitive Surgical had a net margin of 28.58% and a return on equity of 15.03%. The firm’s revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 earnings per share. As a group, research analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

About Intuitive Surgical

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.