PNC Financial Services Group Inc. Grows Position in Intuitive Surgical, Inc. $ISRG

PNC Financial Services Group Inc. grew its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,847 shares of the medical equipment provider’s stock after buying an additional 177 shares during the period. PNC Financial Services Group Inc.’s holdings in Intuitive Surgical were worth $72,734,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ISRG. Tobam boosted its holdings in Intuitive Surgical by 666.7% in the second quarter. Tobam now owns 46 shares of the medical equipment provider’s stock valued at $25,000 after purchasing an additional 40 shares during the last quarter. TD Capital Management LLC lifted its stake in shares of Intuitive Surgical by 300.0% in the 1st quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock valued at $30,000 after purchasing an additional 45 shares during the period. 1248 Management LLC purchased a new stake in Intuitive Surgical during the first quarter worth $30,000. Princeton Global Asset Management LLC acquired a new stake in Intuitive Surgical during the second quarter valued at $30,000. Finally, Bank of Jackson Hole Trust raised its holdings in Intuitive Surgical by 70.5% in the 1st quarter. Bank of Jackson Hole Trust now owns 75 shares of the medical equipment provider’s stock worth $37,000 after purchasing an additional 31 shares during the period. 83.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intuitive Surgical

In related news, EVP Brian Edward Miller sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $575.00, for a total value of $2,012,500.00. Following the completion of the transaction, the executive vice president directly owned 5,758 shares of the company’s stock, valued at $3,310,850. This represents a 37.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Myriam Curet sold 7,562 shares of the stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $548.43, for a total transaction of $4,147,227.66. Following the completion of the transaction, the executive vice president owned 353 shares in the company, valued at $193,595.79. This represents a 95.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 101,683 shares of company stock worth $53,517,192. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ISRG shares. Wells Fargo & Company upped their target price on Intuitive Surgical from $599.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Wall Street Zen lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Truist Financial set a $620.00 price objective on Intuitive Surgical and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Erste Group Bank reaffirmed a “hold” rating on shares of Intuitive Surgical in a report on Wednesday, July 23rd. Finally, Argus boosted their price target on shares of Intuitive Surgical from $600.00 to $630.00 in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $608.92.

Intuitive Surgical Price Performance

ISRG opened at $572.45 on Thursday. The business has a fifty day moving average price of $478.64 and a 200 day moving average price of $502.49. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $616.00. The stock has a market capitalization of $205.21 billion, a price-to-earnings ratio of 75.72, a PEG ratio of 4.94 and a beta of 1.62.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Tuesday, October 21st. The medical equipment provider reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.41. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the company posted $1.84 earnings per share. The business’s revenue for the quarter was up 22.9% on a year-over-year basis. On average, research analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Intuitive Surgical Company 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.