Intuitive Surgical, Inc. $ISRG Shares Newly Purchased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC acquired a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,705 shares of the medical equipment provider’s stock, valued at approximately $693,000.

A number of other large investors also recently bought and sold shares of the stock. Main Street Group LTD acquired a new stake in shares of Intuitive Surgical during the first quarter valued at about $30,000. North Point Portfolio Managers Corp OH purchased a new stake in shares of Intuitive Surgical in the 3rd quarter valued at approximately $27,000. John Boyer Inc. purchased a new stake in shares of Intuitive Surgical in the 3rd quarter valued at approximately $27,000. Compass Wealth Management LLC acquired a new position in shares of Intuitive Surgical in the 3rd quarter worth approximately $29,000. Finally, Evergreen Advisors LLC acquired a new position in shares of Intuitive Surgical in the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Intuitive Surgical Stock Up 1.7%

NASDAQ:ISRG opened at $460.56 on Tuesday. The company has a market cap of $159.65 billion, a price-to-earnings ratio of 55.69, a price-to-earnings-growth ratio of 3.32 and a beta of 1.45. Intuitive Surgical, Inc. has a 52 week low of $328.57 and a 52 week high of $603.88. The company has a fifty day simple moving average of $411.69 and a two-hundred day simple moving average of $431.58.

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

Insider Buying and Selling

In other Intuitive Surgical news, Director Gary Guthart sold 10,000 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $457.34, for a total value of $4,573,400.00. Following the sale, the director owned 1,194,530 shares of the company’s stock, valued at $546,306,350.20. This trade represents a 0.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Fredrik Widman sold 4,047 shares of Intuitive Surgical stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $453.21, for a total value of $1,834,140.87. Following the completion of the transaction, the vice president owned 1,026 shares of the company’s stock, valued at $464,993.46. The trade was a 79.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 39,056 shares of company stock worth $17,585,864 over the last ninety days. Company insiders own 0.60% of the company’s stock.

More Intuitive Surgical News

Here are the key news stories impacting Intuitive Surgical this week:

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ISRG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Intuitive Surgical in a research report on Friday, August 14th. Leerink Partners set a $503.00 target price on Intuitive Surgical and gave the company an “outperform” rating in a research report on Wednesday, October 21st. TD Cowen restated a “buy” rating and set a $485.00 price target on shares of Intuitive Surgical in a research note on Monday, October 19th. Barclays reiterated an “overweight” rating and issued a $500.00 price objective (up from $485.00) on shares of Intuitive Surgical in a report on Wednesday, October 21st. Finally, Wall Street Zen raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $493.54.

Check Out Our Latest Stock Report on ISRG

About Intuitive Surgical

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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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