Intuitive Surgical, Inc. $ISRG Stake Raised by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC increased its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 17.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,613 shares of the medical equipment provider’s stock after buying an additional 4,901 shares during the quarter. Intuitive Surgical comprises approximately 3.2% of S.E.E.D. Planning Group LLC’s investment portfolio, making the stock its 10th largest holding. S.E.E.D. Planning Group LLC’s holdings in Intuitive Surgical were worth $13,668,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. North Point Portfolio Managers Corp OH acquired a new stake in Intuitive Surgical during the 3rd quarter valued at approximately $27,000. Strong Retirement Solutions LLC increased its stake in shares of Intuitive Surgical by 16.3% in the third quarter. Strong Retirement Solutions LLC now owns 3,689 shares of the medical equipment provider’s stock worth $1,500,000 after acquiring an additional 516 shares during the period. Moody National Bank Trust Division raised its holdings in shares of Intuitive Surgical by 40.8% during the third quarter. Moody National Bank Trust Division now owns 5,924 shares of the medical equipment provider’s stock worth $2,409,000 after purchasing an additional 1,716 shares during the last quarter. Private Capital Advisors Inc. purchased a new position in shares of Intuitive Surgical during the third quarter worth $495,000. Finally, Rosenberg Matthew Hamilton lifted its position in Intuitive Surgical by 13.3% during the third quarter. Rosenberg Matthew Hamilton now owns 510 shares of the medical equipment provider’s stock valued at $207,000 after purchasing an additional 60 shares during the period. 83.64% of the stock is owned by hedge funds and other institutional investors.

Intuitive Surgical Stock Up 2.6%

Shares of ISRG stock traded up $10.43 during mid-day trading on Wednesday, hitting $415.19. 795,867 shares of the stock were exchanged, compared to its average volume of 2,416,921. The firm has a fifty day moving average of $382.47 and a 200 day moving average of $412.07. Intuitive Surgical, Inc. has a 52-week low of $328.57 and a 52-week high of $603.88. The company has a market cap of $146.68 billion, a PE ratio of 47.57, a price-to-earnings-growth ratio of 3.07 and a beta of 1.46.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, July 16th. The medical equipment provider reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.32. Intuitive Surgical had a return on equity of 16.91% and a net margin of 28.45%.The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the firm earned $1.81 EPS. The company’s quarterly revenue was up 18.4% on a year-over-year basis. Equities analysts predict that Intuitive Surgical, Inc. will post 8.87 EPS for the current year.

Analyst Ratings Changes

ISRG has been the topic of several analyst reports. Mizuho set a $500.00 price target on Intuitive Surgical and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Raymond James Financial reissued an “outperform” rating and issued a $483.00 price objective (down from $577.00) on shares of Intuitive Surgical in a report on Friday, July 17th. Stifel Nicolaus lowered their target price on Intuitive Surgical from $670.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, July 17th. Barclays started coverage on Intuitive Surgical in a report on Tuesday. They set an “overweight” rating and a $485.00 target price on the stock. Finally, HSBC cut Intuitive Surgical from a “buy” rating to a “hold” rating and set a $391.00 price target for the company. in a research report on Thursday, July 30th. Twenty-two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $502.53.

Insider Activity at Intuitive Surgical

In other news, Director Amy L. Ladd sold 400 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $379.00, for a total transaction of $151,600.00. Following the completion of the transaction, the director directly owned 251 shares of the company’s stock, valued at $95,129. This represents a 61.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gary Loeb sold 400 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $379.00, for a total value of $151,600.00. Following the transaction, the executive vice president owned 5,320 shares in the company, valued at $2,016,280. This trade represents a 6.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,370 shares of company stock valued at $4,891,989 in the last ninety days. 0.60% of the stock is currently owned by company insiders.

Intuitive Surgical Profile

Intuitive Surgical, Inc develops and commercializes robotic-assisted systems and related technologies designed to support minimally invasive medical procedures. The company’s products are intended to help surgeons perform operations through small incisions while providing enhanced visualization, precision, and control.

Its principal product is the da Vinci Surgical System, a platform used across a range of specialties, including general surgery, urology, gynecology, thoracic surgery, and cardiac procedures.