Intuitive Surgical, Inc. $ISRG Shares Purchased by National Bank of Canada FI

National Bank of Canada FI raised its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 10.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 373,062 shares of the medical equipment provider’s stock after acquiring an additional 36,447 shares during the quarter. National Bank of Canada FI’s holdings in Intuitive Surgical were worth $202,725,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Tobam increased its holdings in shares of Intuitive Surgical by 666.7% in the second quarter. Tobam now owns 46 shares of the medical equipment provider’s stock valued at $25,000 after buying an additional 40 shares in the last quarter. Kilter Group LLC acquired a new stake in shares of Intuitive Surgical during the second quarter worth $27,000. Princeton Global Asset Management LLC purchased a new stake in shares of Intuitive Surgical during the second quarter valued at $30,000. TD Capital Management LLC lifted its holdings in shares of Intuitive Surgical by 300.0% during the first quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock valued at $30,000 after purchasing an additional 45 shares during the last quarter. Finally, 1248 Management LLC acquired a new position in shares of Intuitive Surgical in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

ISRG has been the subject of a number of analyst reports. HSBC upped their price objective on shares of Intuitive Surgical from $595.00 to $644.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Zacks Research upgraded shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Wells Fargo & Company boosted their target price on shares of Intuitive Surgical from $600.00 to $654.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group set a $600.00 target price on Intuitive Surgical and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Finally, Truist Financial set a $620.00 price target on Intuitive Surgical and gave the company a “buy” rating in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Intuitive Surgical presently has an average rating of “Moderate Buy” and a consensus price target of $608.79.

Intuitive Surgical Trading Down 0.9%

NASDAQ ISRG opened at $542.32 on Friday. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $616.00. The company has a market cap of $194.41 billion, a P/E ratio of 71.74, a P/E/G ratio of 4.98 and a beta of 1.68. The company has a fifty day simple moving average of $529.62 and a 200 day simple moving average of $505.69.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share (EPS) 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 net margin of 28.58% and a return on equity of 15.08%. Intuitive Surgical’s revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.84 earnings per share. Equities research analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Insider Activity at Intuitive Surgical

In other news, EVP Henry L. Charlton sold 13,731 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $580.00, for a total transaction of $7,963,980.00. Following the completion of the transaction, the executive vice president owned 3,056 shares of the company’s stock, valued at approximately $1,772,480. This represents a 81.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Myriam Curet sold 7,562 shares of the stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $548.43, for a total transaction of $4,147,227.66. Following the completion of the sale, the executive vice president owned 353 shares of the company’s stock, valued at approximately $193,595.79. The trade was a 95.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 109,043 shares of company stock worth $60,816,225. Insiders own 0.70% of the company’s stock.

About Intuitive Surgical

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.