Brookstone Capital Management boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Rating) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,989 shares of the medical equipment provider's stock after purchasing an additional 176 shares during the period. Brookstone Capital Management's holdings in Intuitive Surgical were worth $624,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LMR Partners LLP bought a new position in Intuitive Surgical during the fourth quarter worth about $636,000. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Intuitive Surgical by 7.9% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 679 shares of the medical equipment provider's stock worth $205,000 after buying an additional 50 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Intuitive Surgical by 0.9% during the first quarter. Envestnet Asset Management Inc. now owns 440,904 shares of the medical equipment provider's stock worth $133,012,000 after buying an additional 3,982 shares in the last quarter. MCIA Inc increased its holdings in shares of Intuitive Surgical by 5.6% during the first quarter. MCIA Inc now owns 3,596 shares of the medical equipment provider's stock worth $1,003,000 after buying an additional 190 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Intuitive Surgical by 0.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 88,814 shares of the medical equipment provider's stock worth $26,793,000 after buying an additional 578 shares in the last quarter. Institutional investors own 82.44% of the company's stock.
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NASDAQ ISRG opened at $191.08 on Friday. The company has a market capitalization of $68.24 billion, a P/E ratio of 48.62, a P/E/G ratio of 5.56 and a beta of 1.31. Intuitive Surgical, Inc. has a 12-month low of $186.83 and a 12-month high of $369.69. The firm has a 50-day moving average price of $219.31 and a two-hundred day moving average price of $233.72.
Intuitive Surgical (NASDAQ:ISRG – Get Rating) last issued its quarterly earnings data on Thursday, July 21st. The medical equipment provider reported $1.14 EPS for the quarter, beating the consensus estimate of $1.01 by $0.13. Intuitive Surgical had a net margin of 24.05% and a return on equity of 12.04%. During the same period in the prior year, the business posted $1.42 earnings per share. Equities analysts expect that Intuitive Surgical, Inc. will post 3.76 EPS for the current year.Insiders Place Their Bets
In other Intuitive Surgical news, EVP Myriam Curet sold 9,000 shares of the firm's stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $225.00, for a total value of $2,025,000.00. Following the completion of the sale, the executive vice president now directly owns 217 shares in the company, valued at $48,825. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Intuitive Surgical news, Director Amal M. Johnson sold 6,375 shares of the firm's stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $238.04, for a total value of $1,517,505.00. Following the transaction, the director now directly owns 11,224 shares of the company's stock, valued at $2,671,760.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Myriam Curet sold 9,000 shares of the firm's stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $225.00, for a total transaction of $2,025,000.00. Following the completion of the transaction, the executive vice president now directly owns 217 shares in the company, valued at $48,825. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,162 shares of company stock worth $22,062,916. 0.90% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several research firms have recently weighed in on ISRG. Piper Sandler raised their price objective on shares of Intuitive Surgical from $255.00 to $260.00 and gave the stock an "overweight" rating in a report on Thursday, August 18th. Evercore ISI lowered their price target on shares of Intuitive Surgical from $210.00 to $175.00 in a report on Friday, July 22nd. BTIG Research lowered their price target on shares of Intuitive Surgical from $355.00 to $247.00 and set a "buy" rating for the company in a report on Monday, July 18th. The Goldman Sachs Group lowered their price target on shares of Intuitive Surgical from $319.00 to $273.00 and set a "buy" rating for the company in a report on Friday, July 29th. Finally, Wells Fargo & Company lowered their price target on shares of Intuitive Surgical to $265.00 in a report on Friday, July 22nd. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $268.00.
About Intuitive Surgical
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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 to enable 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.
Further Reading
- Get a free copy of the StockNews.com research report on Intuitive Surgical (ISRG)
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