Intuitive Surgical, Inc. (NASDAQ:ISRG) Position Increased by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV lifted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 13.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 786 shares of the medical equipment provider’s stock after purchasing an additional 95 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Intuitive Surgical were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in ISRG. Kingsview Wealth Management LLC lifted its position in shares of Intuitive Surgical by 1.2% in the first quarter. Kingsview Wealth Management LLC now owns 4,144 shares of the medical equipment provider’s stock worth $1,654,000 after purchasing an additional 51 shares in the last quarter. M&G Plc purchased a new stake in shares of Intuitive Surgical in the first quarter worth approximately $1,318,000. Nicolet Advisory Services LLC lifted its position in shares of Intuitive Surgical by 24.6% in the first quarter. Nicolet Advisory Services LLC now owns 1,059 shares of the medical equipment provider’s stock worth $414,000 after purchasing an additional 209 shares in the last quarter. Spirepoint Private Client LLC bought a new position in Intuitive Surgical during the first quarter valued at approximately $454,000. Finally, Vanguard Group Inc. raised its position in Intuitive Surgical by 1.6% during the first quarter. Vanguard Group Inc. now owns 30,868,620 shares of the medical equipment provider’s stock valued at $12,319,358,000 after acquiring an additional 493,126 shares in the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ISRG shares. Mizuho raised their price objective on shares of Intuitive Surgical from $440.00 to $500.00 in a research report on Thursday, October 17th. Royal Bank of Canada raised their price objective on shares of Intuitive Surgical from $525.00 to $555.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Robert W. Baird raised their price objective on shares of Intuitive Surgical from $503.00 to $565.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Oppenheimer reaffirmed a “market perform” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Finally, Barclays raised their price objective on shares of Intuitive Surgical from $430.00 to $490.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $513.74.

Insiders Place Their Bets

In other Intuitive Surgical news, SVP Henry L. Charlton sold 40,243 shares of Intuitive Surgical stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $486.84, for a total transaction of $19,591,902.12. Following the completion of the transaction, the senior vice president now directly owns 3,001 shares of the company’s stock, valued at approximately $1,461,006.84. This trade represents a 93.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Desantis sold 396 shares of Intuitive Surgical stock in a transaction on Monday, August 26th. The shares were sold at an average price of $486.88, for a total value of $192,804.48. Following the transaction, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,680,761.28. The trade was a 6.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 91,178 shares of company stock worth $45,897,071 over the last 90 days. Corporate insiders own 0.90% of the company’s stock.

Intuitive Surgical Trading Up 0.2 %

Shares of Intuitive Surgical stock opened at $537.80 on Friday. The company’s fifty day simple moving average is $496.95 and its 200-day simple moving average is $455.65. The company has a market cap of $191.55 billion, a price-to-earnings ratio of 86.28, a PEG ratio of 5.28 and a beta of 1.39. Intuitive Surgical, Inc. has a 1 year low of $291.39 and a 1 year high of $544.38.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.32. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. As a group, research analysts forecast that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current fiscal year.

Intuitive Surgical Company Profile

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.