Benjamin Edwards Inc. Purchases 1,393 Shares of Intuitive Surgical, Inc. $ISRG

Benjamin Edwards Inc. boosted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 16.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 9,712 shares of the medical equipment provider’s stock after purchasing an additional 1,393 shares during the period. Benjamin Edwards Inc.’s holdings in Intuitive Surgical were worth $4,344,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norway Savings Bank grew its position 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 worth $1,420,000 after buying an additional 910 shares during the period. Trust Co. of Oklahoma purchased a new stake in Intuitive Surgical in the second quarter worth about $363,000. IronOak Wealth LLC. bought a new position in shares of Intuitive Surgical during the second quarter valued at approximately $1,099,000. Amalgamated Bank increased its stake 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 valued at $44,311,000 after purchasing an additional 1,772 shares in the last quarter. Finally, Eastover Investment Advisors LLC lifted its holdings in shares of Intuitive Surgical by 204.8% during the second quarter. Eastover Investment Advisors LLC now owns 13,163 shares of the medical equipment provider’s stock valued at $7,153,000 after purchasing an additional 8,844 shares during the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intuitive Surgical

In other Intuitive Surgical news, Director Craig H. Barratt sold 750 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $580.00, for a total transaction of $435,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary S. Guthart sold 22,806 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $570.89, for a total transaction of $13,019,717.34. Following the completion of the transaction, the insider directly owned 2,694 shares in the company, valued at $1,537,977.66. This trade represents a 89.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 114,007 shares of company stock valued at $63,533,844. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

ISRG has been the subject of a number of analyst reports. Citigroup lowered Intuitive Surgical from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $650.00 to $635.00 in a research report on Thursday, December 11th. Daiwa Capital Markets lifted their target price on shares of Intuitive Surgical from $510.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Evercore ISI set a $580.00 price target on shares of Intuitive Surgical in a report on Monday. Sanford C. Bernstein reissued an “outperform” rating and set a $740.00 price target (up previously from $700.00) on shares of Intuitive Surgical in a research report on Friday. Finally, Mizuho set a $575.00 price objective on shares of Intuitive Surgical in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $622.17.

Intuitive Surgical Stock Up 0.2%

Shares of ISRG opened at $586.24 on Friday. The business has a 50-day simple moving average of $565.95 and a two-hundred day simple moving average of $511.53. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00. The stock has a market cap of $210.16 billion, a price-to-earnings ratio of 77.55, a PEG ratio of 4.76 and a beta of 1.67.

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

Intuitive Surgical Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.