Watts Gwilliam & Co. LLC Takes $743,000 Position in Intuitive Surgical, Inc. $ISRG

Watts Gwilliam & Co. LLC bought a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the 2nd quarter, Holdings Channel reports. The fund bought 1,368 shares of the medical equipment provider’s stock, valued at approximately $743,000.

Several other hedge funds have also recently added to or reduced their stakes in ISRG. Canal Capital Management LLC raised its holdings in Intuitive Surgical by 7.0% during the 2nd quarter. Canal Capital Management LLC now owns 8,066 shares of the medical equipment provider’s stock worth $4,383,000 after buying an additional 530 shares during the period. Valeo Financial Advisors LLC grew its holdings in shares of Intuitive Surgical by 7.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,552 shares of the medical equipment provider’s stock valued at $2,473,000 after acquiring an additional 302 shares in the last quarter. SevenBridge Financial Group LLC grew its holdings in shares of Intuitive Surgical by 68.6% in the 2nd quarter. SevenBridge Financial Group LLC now owns 5,433 shares of the medical equipment provider’s stock valued at $2,952,000 after acquiring an additional 2,210 shares in the last quarter. Total Investment Management Inc. acquired a new stake in shares of Intuitive Surgical in the second quarter valued at about $82,000. Finally, Lavaca Capital LLC raised its holdings in Intuitive Surgical by 2.3% during the second quarter. Lavaca Capital LLC now owns 4,423 shares of the medical equipment provider’s stock worth $2,404,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Intuitive Surgical Stock Performance

Shares of ISRG opened at $542.32 on Monday. The firm has a market cap of $194.41 billion, a P/E ratio of 71.74, a price-to-earnings-growth ratio of 4.98 and a beta of 1.68. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00. The firm’s 50-day simple moving average is $529.62 and its 200 day simple moving average is $505.36.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data 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 company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The business’s revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.84 earnings per share. As a group, equities analysts forecast that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ISRG. Weiss Ratings restated a “hold (c)” rating on shares of Intuitive Surgical in a research note on Friday, October 31st. Rothschild & Co Redburn raised their target price on shares of Intuitive Surgical from $610.00 to $615.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Wall Street Zen downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Citigroup cut shares of Intuitive Surgical from a “buy” rating to a “neutral” rating and cut their price target for the company from $650.00 to $635.00 in a research note on Thursday. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $685.00 price objective on shares of Intuitive Surgical in a research report on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Intuitive Surgical has a consensus rating of “Moderate Buy” and a consensus price target of $608.79.

Insider Transactions at Intuitive Surgical

In related news, EVP Myriam Curet sold 7,562 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $548.43, for a total value of $4,147,227.66. Following the transaction, the executive vice president directly owned 353 shares in the company, valued at approximately $193,595.79. This represents a 95.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brian Edward Miller sold 3,500 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 5,758 shares of the company’s stock, valued at $3,310,850. This represents a 37.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 109,043 shares of company stock worth $60,816,225. 0.70% of the stock is currently owned by company insiders.

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.