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

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

Several other hedge funds have also recently made changes to their positions in ISRG. SteelPeak Wealth LLC boosted its stake in shares of Intuitive Surgical by 28.7% during the third quarter. SteelPeak Wealth LLC now owns 41,993 shares of the medical equipment provider’s stock valued at $18,781,000 after purchasing an additional 9,364 shares during the period. Amalgamated Bank lifted its holdings in Intuitive Surgical by 2.2% during the 2nd quarter. Amalgamated Bank now owns 81,542 shares of the medical equipment provider’s stock valued at $44,311,000 after buying an additional 1,772 shares in the last quarter. Atlantic Union Bankshares Corp boosted its position in Intuitive Surgical by 19.3% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 22,759 shares of the medical equipment provider’s stock valued at $10,179,000 after buying an additional 3,676 shares during the period. Bessemer Group Inc. grew its stake in Intuitive Surgical by 89.3% in the 2nd quarter. Bessemer Group Inc. now owns 788,328 shares of the medical equipment provider’s stock worth $428,386,000 after acquiring an additional 371,806 shares in the last quarter. Finally, World Investment Advisors increased its position in shares of Intuitive Surgical by 238.3% during the third quarter. World Investment Advisors now owns 5,399 shares of the medical equipment provider’s stock worth $2,415,000 after acquiring an additional 3,803 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Intuitive Surgical Stock Up 1.5%

NASDAQ ISRG opened at $485.84 on Monday. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $609.08. The company has a 50 day moving average price of $541.62 and a 200 day moving average price of $510.40. The firm has a market cap of $172.54 billion, a PE ratio of 61.58, a price-to-earnings-growth ratio of 3.76 and a beta of 1.65.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share (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 business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period in the previous year, the company earned $2.21 earnings per share. The business’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, equities research analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gary S. Guthart sold 2,800 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $531.52, for a total transaction of $1,488,256.00. Following the sale, the director directly owned 15,720 shares of the company’s stock, valued at $8,355,494.40. The trade was a 15.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Myriam Curet sold 421 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $494.96, for a total value of $208,378.16. Following the completion of the transaction, the executive vice president owned 409 shares of the company’s stock, valued at $202,438.64. This trade represents a 50.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 56,189 shares of company stock worth $30,785,441 in the last three months. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ISRG. The Goldman Sachs Group reissued a “buy” rating and issued a $714.00 price objective on shares of Intuitive Surgical in a research note on Friday, January 9th. Wall Street Zen cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Zacks Research lowered shares of Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st. Raymond James Financial increased their price objective on shares of Intuitive Surgical from $603.00 to $615.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Finally, Leerink Partners lifted their price objective on shares of Intuitive Surgical from $593.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $617.23.

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.