Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Acquired by Renaissance Investment Group LLC

Renaissance Investment Group LLC increased its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,503 shares of the medical equipment provider’s stock after acquiring an additional 145 shares during the period. Intuitive Surgical makes up 3.1% of Renaissance Investment Group LLC’s investment portfolio, making the stock its 11th largest position. Renaissance Investment Group LLC’s holdings in Intuitive Surgical were worth $14,985,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. One Wealth Management Investment & Advisory Services LLC raised its position in Intuitive Surgical by 3.4% in the second quarter. One Wealth Management Investment & Advisory Services LLC now owns 697 shares of the medical equipment provider’s stock worth $310,000 after acquiring an additional 23 shares in the last quarter. Daymark Wealth Partners LLC raised its position in Intuitive Surgical by 0.3% in the third quarter. Daymark Wealth Partners LLC now owns 7,027 shares of the medical equipment provider’s stock worth $3,452,000 after acquiring an additional 24 shares in the last quarter. Indiana Trust & Investment Management CO raised its position in Intuitive Surgical by 5.3% in the second quarter. Indiana Trust & Investment Management CO now owns 500 shares of the medical equipment provider’s stock worth $222,000 after acquiring an additional 25 shares in the last quarter. Hoxton Planning & Management LLC raised its position in Intuitive Surgical by 4.9% in the second quarter. Hoxton Planning & Management LLC now owns 534 shares of the medical equipment provider’s stock worth $238,000 after acquiring an additional 25 shares in the last quarter. Finally, True North Advisors LLC raised its position in Intuitive Surgical by 2.1% in the third quarter. True North Advisors LLC now owns 1,232 shares of the medical equipment provider’s stock worth $605,000 after acquiring an additional 25 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Intuitive Surgical Stock Up 0.2 %

Shares of Intuitive Surgical stock opened at $484.78 on Friday. The stock has a market capitalization of $172.27 billion, a P/E ratio of 83.30, a PEG ratio of 5.40 and a beta of 1.39. The stock has a 50 day moving average price of $480.34 and a two-hundred day moving average price of $434.94. Intuitive Surgical, Inc. has a 12-month low of $254.85 and a 12-month high of $496.48.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, July 18th. The medical equipment provider reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.24. Intuitive Surgical had a return on equity of 13.04% and a net margin of 27.65%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the company earned $1.18 earnings per share. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. Sell-side analysts anticipate that Intuitive Surgical, Inc. will post 5.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Intuitive Surgical from $487.00 to $503.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. boosted their price target on shares of Intuitive Surgical from $495.00 to $575.00 and gave the stock an “overweight” rating in a research report on Friday. Piper Sandler boosted their price objective on Intuitive Surgical from $490.00 to $495.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Morgan Stanley boosted their price objective on Intuitive Surgical from $375.00 to $460.00 and gave the stock an “equal weight” rating in a report on Monday, July 15th. Finally, Citigroup boosted their price objective on Intuitive Surgical from $512.00 to $560.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and a consensus price target of $458.35.

Insider Transactions at Intuitive Surgical

In other news, EVP Myriam Curet sold 2,818 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $458.13, for a total transaction of $1,291,010.34. Following the completion of the transaction, the executive vice president now directly owns 298 shares in the company, valued at $136,522.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Mark Brosius sold 2,115 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $491.91, for a total value of $1,040,389.65. Following the completion of the transaction, the insider now directly owns 295 shares in the company, valued at approximately $145,113.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Myriam Curet sold 2,818 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $458.13, for a total value of $1,291,010.34. Following the completion of the transaction, the executive vice president now owns 298 shares of the company’s stock, valued at $136,522.74. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,120 shares of company stock worth $25,528,753 over the last three months. 0.90% of the stock is currently owned by insiders.

About Intuitive Surgical

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.