Intuitive Surgical, Inc. $ISRG is Bowen Hanes & Co. Inc.’s 9th Largest Position

Bowen Hanes & Co. Inc. reduced its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 184,015 shares of the medical equipment provider’s stock after selling 300 shares during the period. Intuitive Surgical accounts for about 2.5% of Bowen Hanes & Co. Inc.’s holdings, making the stock its 9th biggest holding. Bowen Hanes & Co. Inc. owned approximately 0.05% of Intuitive Surgical worth $99,996,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tobam increased its holdings in shares of Intuitive Surgical by 666.7% during the 2nd quarter. Tobam now owns 46 shares of the medical equipment provider’s stock worth $25,000 after buying an additional 40 shares during the last quarter. TD Capital Management LLC grew its position in Intuitive Surgical by 300.0% in the first quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock worth $30,000 after acquiring an additional 45 shares during the period. 1248 Management LLC purchased a new position in Intuitive Surgical in the first quarter worth approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in Intuitive Surgical during the second quarter worth $30,000. Finally, Bank of Jackson Hole Trust raised its position in Intuitive Surgical by 70.5% in the first quarter. Bank of Jackson Hole Trust now owns 75 shares of the medical equipment provider’s stock valued at $37,000 after purchasing an additional 31 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intuitive Surgical

In related news, EVP Brian Edward Miller sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $575.00, for a total transaction of $2,012,500.00. Following the sale, the executive vice president directly owned 5,758 shares in the company, valued at approximately $3,310,850. This represents a 37.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Myriam Curet sold 105 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $560.00, for a total transaction of $58,800.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 116,164 shares of company stock worth $61,916,172 over the last quarter. 0.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ISRG. Evercore ISI increased their price target on Intuitive Surgical from $450.00 to $540.00 in a report on Wednesday, October 22nd. Hsbc Global Res raised shares of Intuitive Surgical to a “strong-buy” rating in a research note on Thursday, October 23rd. Leerink Partners lifted their price target on shares of Intuitive Surgical from $593.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Daiwa Capital Markets upped their price objective 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. Finally, HSBC lifted their target price on shares of Intuitive Surgical from $595.00 to $644.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Two 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 assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $608.92.

Intuitive Surgical Stock Up 1.7%

Shares of ISRG opened at $561.61 on Friday. Intuitive Surgical, Inc. has a fifty-two week low of $425.00 and a fifty-two week high of $616.00. The company has a market cap of $201.32 billion, a P/E ratio of 74.29, a PEG ratio of 4.94 and a beta of 1.62. The firm’s 50 day moving average price is $492.09 and its 200 day moving average price is $504.31.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.41. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.41 billion. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The company’s revenue was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 earnings per share. Research analysts forecast that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Intuitive Surgical Company 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.