Elevation Point Wealth Partners LLC Has $973,000 Stake in Intuitive Surgical, Inc. $ISRG

Elevation Point Wealth Partners LLC increased its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 218.7% during the second quarter, Holdings Channel reports. The fund owned 1,791 shares of the medical equipment provider’s stock after acquiring an additional 1,229 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Intuitive Surgical were worth $973,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ISRG. Brighton Jones LLC lifted its stake in shares of Intuitive Surgical by 24.9% during the 4th quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider’s stock worth $1,916,000 after buying an additional 731 shares during the last quarter. Eastern Bank raised its holdings in Intuitive Surgical by 31.3% in the 1st quarter. Eastern Bank now owns 5,601 shares of the medical equipment provider’s stock valued at $2,774,000 after acquiring an additional 1,335 shares during the period. Modera Wealth Management LLC lifted its position in Intuitive Surgical by 3.1% during the first quarter. Modera Wealth Management LLC now owns 1,554 shares of the medical equipment provider’s stock worth $770,000 after acquiring an additional 46 shares during the last quarter. Davis R M Inc. boosted its holdings in shares of Intuitive Surgical by 289.9% during the first quarter. Davis R M Inc. now owns 5,879 shares of the medical equipment provider’s stock worth $2,912,000 after acquiring an additional 4,371 shares during the period. Finally, Hoxton Planning & Management LLC bought a new stake in shares of Intuitive Surgical during the first quarter worth approximately $286,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Evercore ISI increased their target price on Intuitive Surgical from $450.00 to $540.00 in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Intuitive Surgical in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Intuitive Surgical in a report on Friday, August 22nd. Daiwa Capital Markets upped their price target on shares of Intuitive Surgical from $510.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Finally, HSBC raised their price target on shares of Intuitive Surgical from $595.00 to $644.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Intuitive Surgical presently has an average rating of “Moderate Buy” and an average target price of $608.92.

Intuitive Surgical Stock Down 0.8%

ISRG stock opened at $574.23 on Friday. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00. The business has a 50-day simple moving average of $503.24 and a 200 day simple moving average of $505.38. The company has a market cap of $205.85 billion, a PE ratio of 75.96, a price-to-earnings-growth ratio of 4.94 and a beta of 1.62.

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

Insiders Place Their Bets

In other Intuitive Surgical news, EVP Myriam Curet sold 7,562 shares of the firm’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $548.43, for a total value of $4,147,227.66. Following the sale, the executive vice president owned 353 shares of the company’s stock, valued at approximately $193,595.79. This trade represents a 95.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Brian Edward Miller sold 3,500 shares of the business’s 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 transaction, the executive vice president directly owned 5,758 shares of the company’s stock, valued at $3,310,850. This trade represents a 37.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 86,804 shares of company stock valued at $48,043,866 over the last three months. 0.70% of the stock is owned by corporate insiders.

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.