Graypoint LLC Acquires 116 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)



Graypoint LLC lifted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Rating) by 10.1% in the first quarter, Holdings Channel.com reports. The fund owned 1,261 shares of the medical equipment provider’s stock after purchasing an additional 116 shares during the period. Graypoint LLC’s holdings in Intuitive Surgical were worth $380,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Bedel Financial Consulting Inc. its raised holdings in shares of Intuitive Surgical by 3.7% during the first quarter. Bedel Financial Consulting Inc. now owns 3,610 shares of the medical equipment provider’s stock valued at $1,089,000 after acquiring an additional 129 shares in the last quarter. Polaris Wealth Advisory Group LLC raised its holdings in shares of Intuitive Surgical by 568.3% during the first quarter. Polaris Wealth Advisory Group LLC now owns 34,336 shares of the medical equipment provider’s stock valued at $10,020,000 after acquiring an additional 29,198 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Intuitive Surgical by 1.3% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 36,664 shares of the medical equipment provider’s stock valued at $11,061,000 after acquiring an additional 485 shares in the last quarter. PFG Advisors grew its stake in Intuitive Surgical by 10.2% in the first quarter. PFG Advisors now owns 6,087 shares of the medical equipment provider’s stock worth $1,836,000 after purchasing an additional 563 shares during the period. Finally, Procyon Advisors LLC grew its stake in Intuitive Surgical by 82.5% in the first quarter. Procyon Advisors LLC now owns 1,201 shares of the medical equipment provider’s stock worth $362,000 after purchasing an additional 543 shares during the period. Institutional investors own 83.69% of the company’s stock.

ISRG stock opened at $200.71 on Friday. Intuitive Surgical, Inc. has a fifty-two week low of $186.83 and a fifty-two week high of $369.69. The business’s 50-day moving average is $218.05 and its two-hundred day moving average is $271.92. The company has a market cap of $72.05 billion, a price-to-earnings ratio of 44.64, a P/E/G ratio of 4.78 and a beta of 1.26.

Intuitive Surgical (NASDAQ:ISRG – Get Rating) last posted its earnings results on Thursday, April 21st. The medical equipment provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.07. Intuitive Surgical had a return on equity of 14.16% and a net margin of 27.84%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company earned $1.17 earnings per share. Intuitive Surgical’s revenue was up 15.1% on a year-over-year basis. On average, sell-side analysts anticipate that Intuitive Surgical, Inc. will post 4.14 EPS for the current year.

In other news, EVP Myriam Curet sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, April 26th. The stock was sold at an average price of $252.51, for a total value of $1,515,060.00. Following the transaction, the executive vice president now owns 361 shares of the company’s stock, valued at $91,156.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is owned by company insiders.

Several equities research analysts recently weighed in on the company. Trustee Financial assumed coverage on Intuitive Surgical in a research note on Tuesday, April 12th. They issued a “buy” rating and a $360.00 price target on the stock. Citigroup reduced their price target on Intuitive Surgical from $360.00 to $305.00 in a research note on Tuesday, May 17th. Royal Bank of Canada assumed coverage on Intuitive Surgical in a research note on Friday, March 25th. They issued an “outperform” rating and a $340.00 price target on the stock. Piper Sandler reaffirmed a “buy” rating and issued a $316.00 price target on shares of Intuitive Surgical in a research note on Friday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Intuitive Surgical from $300.00 to $225.00 and set a “hold” rating on the stock in a research note on Wednesday, June 22nd. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $323.24.

About Intuitive Surgical (Get Rating)

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 to enable 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.

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



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