Wealth Architects LLC Buys Shares of 371 Intuitive Surgical, Inc. $ISRG

Wealth Architects LLC bought a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRGFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 371 shares of the medical equipment provider’s stock, valued at approximately $202,000.

Several other large investors have also recently bought and sold shares of ISRG. Brighton Jones LLC increased its stake in Intuitive Surgical by 24.9% in the fourth quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider’s stock valued at $1,916,000 after purchasing an additional 731 shares in the last quarter. GAMMA Investing LLC increased its stake in Intuitive Surgical by 9.3% in the first quarter. GAMMA Investing LLC now owns 6,115 shares of the medical equipment provider’s stock valued at $3,029,000 after purchasing an additional 518 shares in the last quarter. Elevation Point Wealth Partners LLC increased its stake in Intuitive Surgical by 16.1% in the first quarter. Elevation Point Wealth Partners LLC now owns 562 shares of the medical equipment provider’s stock valued at $278,000 after purchasing an additional 78 shares in the last quarter. Farmers & Merchants Investments Inc. increased its stake in Intuitive Surgical by 10.2% in the first quarter. Farmers & Merchants Investments Inc. now owns 259 shares of the medical equipment provider’s stock valued at $128,000 after purchasing an additional 24 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake in Intuitive Surgical by 0.8% in the first quarter. Dynamic Advisor Solutions LLC now owns 10,589 shares of the medical equipment provider’s stock valued at $5,244,000 after purchasing an additional 81 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Price Performance

Shares of ISRG stock opened at $435.73 on Tuesday. The stock has a market cap of $156.20 billion, a P/E ratio of 60.77, a P/E/G ratio of 4.51 and a beta of 1.61. The company has a fifty day moving average price of $457.73 and a two-hundred day moving average price of $497.44. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year high of $616.00.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.26. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Intuitive Surgical had a net margin of 28.51% and a return on equity of 14.56%. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.78 earnings per share. As a group, equities research analysts anticipate that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Evercore ISI lowered their price objective on shares of Intuitive Surgical from $535.00 to $450.00 and set an “in-line” rating for the company in a research report on Tuesday, October 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Intuitive Surgical in a research report on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $615.00 price objective on shares of Intuitive Surgical in a research report on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Intuitive Surgical in a research report on Friday, August 22nd. Finally, Zacks Research downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $584.76.

Read Our Latest Analysis on Intuitive Surgical

Insider Buying and Selling at Intuitive Surgical

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

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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