Zions Bancorporation National Association UT Purchases 3,437 Shares of Intuitive Surgical, Inc. $ISRG

Zions Bancorporation National Association UT boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 24.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,360 shares of the medical equipment provider’s stock after acquiring an additional 3,437 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Intuitive Surgical were worth $7,764,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Tobam lifted its holdings in shares of Intuitive Surgical by 666.7% during the second quarter. Tobam now owns 46 shares of the medical equipment provider’s stock valued at $25,000 after purchasing an additional 40 shares in the last quarter. Kilter Group LLC bought a new stake in shares of Intuitive Surgical in the second quarter worth approximately $27,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of Intuitive Surgical during the third quarter valued at approximately $27,000. Princeton Global Asset Management LLC purchased a new stake in Intuitive Surgical in the second quarter worth approximately $30,000. Finally, Guerra Advisors Inc bought a new stake in Intuitive Surgical in the 3rd quarter worth approximately $37,000. Institutional investors own 83.64% of the company’s stock.

Insider Activity at Intuitive Surgical

In related news, EVP Myriam Curet sold 421 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $494.96, for a total transaction of $208,378.16. Following the completion of the transaction, the executive vice president directly owned 409 shares of the company’s stock, valued at approximately $202,438.64. This represents a 50.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Fredrik Widman sold 133 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $494.96, for a total value of $65,829.68. Following the sale, the vice president directly owned 660 shares in the company, valued at $326,673.60. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 56,189 shares of company stock worth $30,785,441 in the last quarter. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ISRG. Weiss Ratings reissued a “hold (c+)” rating on shares of Intuitive Surgical in a report on Monday, December 29th. Royal Bank Of Canada upped their price objective on Intuitive Surgical from $625.00 to $650.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Citigroup reissued a “neutral” rating and issued a $590.00 target price (down from $635.00) on shares of Intuitive Surgical in a research report on Friday, January 23rd. Barclays set a $712.00 price target on shares of Intuitive Surgical and gave the company an “overweight” rating in a research report on Monday, January 26th. Finally, Argus reduced their price target on Intuitive Surgical from $630.00 to $560.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Intuitive Surgical presently has an average rating of “Moderate Buy” and an average price target of $617.23.

Intuitive Surgical Price Performance

ISRG stock opened at $485.84 on Monday. Intuitive Surgical, Inc. has a 1-year low of $425.00 and a 1-year high of $609.08. The business has a 50 day simple moving average of $541.62 and a two-hundred day simple moving average of $510.40. The company has a market capitalization of $172.54 billion, a price-to-earnings ratio of 61.58, a PEG ratio of 3.76 and a beta of 1.65.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, January 22nd. The medical equipment provider reported $2.53 EPS for the quarter, topping the consensus estimate of $2.27 by $0.26. Intuitive Surgical had a net margin of 28.38% and a return on equity of 15.06%. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the previous year, the firm earned $2.21 earnings per share. The company’s quarterly revenue was up 18.8% compared to the same quarter last year. Sell-side analysts anticipate that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

About Intuitive Surgical

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.