Larson Financial Group LLC Boosts Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Larson Financial Group LLC increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 79.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 854 shares of the medical equipment provider’s stock after buying an additional 378 shares during the quarter. Larson Financial Group LLC’s holdings in Intuitive Surgical were worth $420,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ISRG. Waverly Advisors LLC boosted its stake in Intuitive Surgical by 27.1% during the first quarter. Waverly Advisors LLC now owns 2,552 shares of the medical equipment provider’s stock worth $1,018,000 after buying an additional 544 shares during the period. Kennedy Capital Management LLC acquired a new position in shares of Intuitive Surgical in the 1st quarter worth approximately $2,545,000. B. Riley Wealth Advisors Inc. boosted its position in shares of Intuitive Surgical by 26.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 7,466 shares of the medical equipment provider’s stock worth $2,980,000 after purchasing an additional 1,545 shares during the period. Creekmur Asset Management LLC boosted its position in shares of Intuitive Surgical by 200.0% during the 1st quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider’s stock worth $25,000 after purchasing an additional 42 shares during the period. Finally, Tidal Investments LLC increased its holdings in Intuitive Surgical by 11.5% in the 1st quarter. Tidal Investments LLC now owns 16,560 shares of the medical equipment provider’s stock valued at $6,609,000 after purchasing an additional 1,710 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. The Goldman Sachs Group set a $604.00 price target on Intuitive Surgical in a research report on Friday, October 18th. Raymond James increased their price target on shares of Intuitive Surgical from $500.00 to $540.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Oppenheimer reaffirmed a “market perform” rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Redburn Atlantic raised shares of Intuitive Surgical from a “neutral” rating to a “buy” rating and raised their price target for the company from $380.00 to $510.00 in a research report on Friday, August 2nd. Finally, Mizuho upped their price objective on Intuitive Surgical from $440.00 to $500.00 in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $526.06.

Insider Buying and Selling

In related news, SVP Mark Brosius sold 2,128 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $515.00, for a total value of $1,095,920.00. Following the transaction, the senior vice president now owns 273 shares in the company, valued at $140,595. The trade was a 88.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Amy L. Ladd sold 450 shares of Intuitive Surgical stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $490.28, for a total value of $220,626.00. Following the completion of the transaction, the director now owns 821 shares in the company, valued at $402,519.88. This trade represents a 35.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,647 shares of company stock worth $26,170,907 in the last 90 days. Company insiders own 0.80% of the company’s stock.

Intuitive Surgical Trading Up 1.0 %

ISRG stock opened at $542.10 on Wednesday. The company’s 50 day moving average is $506.81 and its two-hundred day moving average is $466.29. Intuitive Surgical, Inc. has a twelve month low of $304.50 and a twelve month high of $552.00. The stock has a market cap of $193.09 billion, a P/E ratio of 87.15, a PEG ratio of 5.39 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.24 by $0.32. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.01 billion. Intuitive Surgical had a return on equity of 13.41% and a net margin of 28.51%. On average, equities research analysts predict that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current 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.