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

Baird Financial Group Inc. grew its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 35.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 113,691 shares of the medical equipment provider’s stock after purchasing an additional 29,843 shares during the quarter. Baird Financial Group Inc.’s holdings in Intuitive Surgical were worth $61,781,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norway Savings Bank grew its stake in shares of Intuitive Surgical by 53.4% in the 2nd quarter. Norway Savings Bank now owns 2,613 shares of the medical equipment provider’s stock valued at $1,420,000 after buying an additional 910 shares in the last quarter. Trust Co. of Oklahoma bought a new position in Intuitive Surgical in the 2nd quarter worth $363,000. IronOak Wealth LLC. acquired a new position in shares of Intuitive Surgical during the 2nd quarter worth about $1,099,000. Amalgamated Bank lifted its holdings in shares of Intuitive Surgical by 2.2% during the second quarter. Amalgamated Bank now owns 81,542 shares of the medical equipment provider’s stock worth $44,311,000 after buying an additional 1,772 shares during the last quarter. Finally, Neville Rodie & Shaw Inc. boosted its holdings in Intuitive Surgical by 11.9% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 10,427 shares of the medical equipment provider’s stock valued at $5,666,000 after purchasing an additional 1,110 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ISRG shares. Zacks Research upgraded shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Wall Street Zen raised Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Argus boosted their price objective on Intuitive Surgical from $600.00 to $630.00 in a research note on Monday, October 27th. Robert W. Baird set a $655.00 target price on Intuitive Surgical in a report on Wednesday, October 22nd. Finally, BTIG Research lifted their price target on Intuitive Surgical from $529.00 to $589.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen 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, Intuitive Surgical presently has an average rating of “Moderate Buy” and a consensus price target of $607.17.

Insiders Place Their Bets

In other news, EVP Henry L. Charlton sold 13,731 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $580.00, for a total value of $7,963,980.00. Following the transaction, the executive vice president directly owned 3,056 shares in the company, valued at $1,772,480. This trade represents a 81.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian Edward Miller sold 3,500 shares of Intuitive Surgical stock in a transaction 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 sale, the executive vice president directly owned 5,758 shares of the company’s stock, valued at approximately $3,310,850. This trade represents a 37.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 108,939 shares of company stock valued at $60,757,995 over the last three months. 0.70% of the stock is owned by insiders.

Intuitive Surgical Stock Down 0.2%

Intuitive Surgical stock opened at $568.63 on Friday. The business’s 50-day simple moving average is $515.92 and its 200 day simple moving average is $505.59. The stock has a market cap of $203.84 billion, a price-to-earnings ratio of 75.22, a P/E/G ratio of 5.24 and a beta of 1.68. Intuitive Surgical, Inc. has a 12-month low of $425.00 and a 12-month high of $616.00.

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

Intuitive Surgical 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.