Smartleaf Asset Management LLC Increases Stock Holdings in Intuitive Surgical, Inc. $ISRG

Smartleaf Asset Management LLC lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 5.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,246 shares of the medical equipment provider’s stock after buying an additional 214 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Intuitive Surgical were worth $2,089,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ISRG. AlphaCore Capital LLC grew its position in Intuitive Surgical by 4.2% during the fourth quarter. AlphaCore Capital LLC now owns 451 shares of the medical equipment provider’s stock valued at $235,000 after acquiring an additional 18 shares during the last quarter. Second Line Capital LLC raised its position in shares of Intuitive Surgical by 3.4% in the 4th quarter. Second Line Capital LLC now owns 578 shares of the medical equipment provider’s stock worth $302,000 after purchasing an additional 19 shares during the last quarter. Colonial Trust Co SC increased its holdings in Intuitive Surgical by 8.8% in the 4th quarter. Colonial Trust Co SC now owns 246 shares of the medical equipment provider’s stock worth $128,000 after buying an additional 20 shares in the last quarter. Crown Wealth Group LLC increased its holdings in Intuitive Surgical by 4.8% in the 1st quarter. Crown Wealth Group LLC now owns 440 shares of the medical equipment provider’s stock worth $218,000 after buying an additional 20 shares in the last quarter. Finally, FSM Wealth Advisors LLC grew its stake in shares of Intuitive Surgical by 3.8% during the 1st quarter. FSM Wealth Advisors LLC now owns 546 shares of the medical equipment provider’s stock valued at $270,000 after purchasing an additional 20 shares during the period. 83.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ISRG has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $615.00 price objective on shares of Intuitive Surgical in a research report on Tuesday. Erste Group Bank restated a “hold” rating on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft lowered Intuitive Surgical from a “hold” rating to a “sell” rating and cut their price objective for the company from $515.00 to $440.00 in a report on Monday, June 9th. Wall Street Zen raised Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Finally, BTIG Research raised their price objective on Intuitive Surgical from $566.00 to $571.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $595.95.

Insider Activity

In related news, SVP Mark Brosius sold 216 shares of Intuitive Surgical stock in a transaction on Friday, June 6th. The stock was sold at an average price of $563.11, for a total transaction of $121,631.76. Following the completion of the transaction, the senior vice president directly owned 907 shares of the company’s stock, valued at approximately $510,740.77. The trade was a 19.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Myriam Curet sold 4,500 shares of Intuitive Surgical stock in a transaction on Friday, July 25th. The stock was sold at an average price of $492.48, for a total value of $2,216,160.00. Following the transaction, the executive vice president directly owned 353 shares of the company’s stock, valued at approximately $173,845.44. This represents a 92.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,839 shares of company stock valued at $7,896,972 in the last three months. 0.70% of the stock is currently owned by company insiders.

Intuitive Surgical Stock Up 1.3%

NASDAQ:ISRG opened at $476.16 on Friday. The stock’s 50 day moving average price is $504.42 and its 200 day moving average price is $522.06. The company has a market capitalization of $170.69 billion, a PE ratio of 66.41, a P/E/G ratio of 4.92 and a beta of 1.59. Intuitive Surgical, Inc. has a 52-week low of $425.00 and a 52-week high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.26. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the business posted $1.78 EPS. The company’s revenue was up 21.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal 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.