Portside Wealth Group LLC Increases Stock Position in Intuitive Surgical, Inc. $ISRG

Portside Wealth Group LLC lifted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 13.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,891 shares of the medical equipment provider’s stock after purchasing an additional 230 shares during the period. Portside Wealth Group LLC’s holdings in Intuitive Surgical were worth $1,028,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Intuitive Surgical by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 33,335,833 shares of the medical equipment provider’s stock worth $18,115,025,000 after buying an additional 670,302 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Intuitive Surgical by 1.4% during the second quarter. Geode Capital Management LLC now owns 8,188,685 shares of the medical equipment provider’s stock worth $4,429,590,000 after acquiring an additional 109,904 shares during the period. Invesco Ltd. boosted its position in Intuitive Surgical by 1.7% in the first quarter. Invesco Ltd. now owns 4,219,974 shares of the medical equipment provider’s stock worth $2,090,027,000 after purchasing an additional 71,794 shares during the last quarter. Northern Trust Corp raised its position in Intuitive Surgical by 0.3% in the first quarter. Northern Trust Corp now owns 3,631,281 shares of the medical equipment provider’s stock worth $1,798,465,000 after acquiring an additional 11,988 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Intuitive Surgical by 15.0% in the first quarter. Wellington Management Group LLP now owns 3,499,052 shares of the medical equipment provider’s stock valued at $1,732,975,000 after acquiring an additional 457,080 shares during the last quarter. 83.64% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Craig H. Barratt sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $580.00, for a total value of $435,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Myriam Curet sold 105 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $560.00, for a total value of $58,800.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 116,164 shares of company stock valued at $61,916,172. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on ISRG. Sanford C. Bernstein restated an “outperform” rating and set a $685.00 price target on shares of Intuitive Surgical in a research note on Tuesday, October 21st. Robert W. Baird set a $655.00 price objective on Intuitive Surgical in a report on Wednesday, October 22nd. Jefferies Financial Group boosted their target price on Intuitive Surgical from $550.00 to $560.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Daiwa Capital Markets increased their price target on Intuitive Surgical from $510.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Finally, Hsbc Global Res raised Intuitive Surgical to a “strong-buy” rating in a report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Intuitive Surgical has an average rating of “Moderate Buy” and a consensus price target of $608.92.

Intuitive Surgical Stock Performance

Shares of NASDAQ ISRG opened at $546.77 on Wednesday. Intuitive Surgical, Inc. has a fifty-two week low of $425.00 and a fifty-two week high of $616.00. The stock has a market cap of $196.00 billion, a PE ratio of 72.32, a price-to-earnings-growth ratio of 4.94 and a beta of 1.62. The stock has a fifty day moving average of $485.63 and a 200-day moving average of $503.34.

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

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.