Intuitive Surgical, Inc. $ISRG Stock Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 187.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 18,905 shares of the medical equipment provider’s stock after purchasing an additional 12,322 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Intuitive Surgical were worth $7,687,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. North Point Portfolio Managers Corp OH bought a new stake in Intuitive Surgical during the 3rd quarter valued at $27,000. John Boyer Inc. bought a new stake in shares of Intuitive Surgical during the third quarter valued at approximately $27,000. Compass Wealth Management LLC purchased a new position in shares of Intuitive Surgical during the third quarter valued at approximately $29,000. Main Street Group LTD purchased a new position in shares of Intuitive Surgical in the 1st quarter worth about $30,000. Finally, Compass Financial Management LLC bought a new position in shares of Intuitive Surgical in the second quarter worth approximately $30,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Insider Buying and Selling at Intuitive Surgical

In other news, Director Gary S. Guthart sold 20,095 shares of the stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $451.61, for a total transaction of $9,075,102.95. Following the transaction, the director directly owned 1,204,530 shares in the company, valued at approximately $543,977,793.30. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Brosius sold 77 shares of Intuitive Surgical stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $375.57, for a total transaction of $28,918.89. Following the transaction, the executive vice president directly owned 881 shares in the company, valued at approximately $330,877.17. The trade was a 8.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 39,056 shares of company stock worth $17,585,864. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ISRG. BMO Capital Markets reiterated an “outperform” rating on shares of Intuitive Surgical in a research note on Monday, July 20th. Oppenheimer restated an “outperform” rating and set a $500.00 target price on shares of Intuitive Surgical in a research note on Wednesday, October 21st. Stifel Nicolaus decreased their price objective on shares of Intuitive Surgical from $670.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, July 17th. TD Cowen restated a “buy” rating and set a $485.00 target price on shares of Intuitive Surgical in a research note on Monday, October 19th. Finally, Truist Financial decreased their price target on Intuitive Surgical from $580.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $493.54.

Intuitive Surgical Stock Down 2.3%

Shares of ISRG opened at $450.04 on Wednesday. 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 $156.00 billion, a PE ratio of 54.42, a P/E/G ratio of 3.17 and a beta of 1.45. The business has a fifty day moving average of $413.15 and a 200 day moving average of $431.20.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Tuesday, October 20th. The medical equipment provider reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.35. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.91 billion. Intuitive Surgical had a return on equity of 18.17% and a net margin of 25.54%. The business’s revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.40 earnings per share. As a group, research analysts anticipate that Intuitive Surgical, Inc. will post 9.37 earnings per share for the current fiscal year.

About Intuitive Surgical

Intuitive Surgical develops, manufactures and markets robotic-assisted systems for minimally invasive procedures. Its products include da Vinci surgical systems, which allow surgeons to control instruments and a high-definition vision system from a console, as well as the Ion endoluminal system, designed to assist with minimally invasive lung biopsies. The company also provides instruments, accessories, training and support services for its systems. Its technology is used in a range of surgical specialties, including urology, general surgery and gynecology.