Camden Capital LLC Takes $291,000 Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Financial News Live · Feb 5, 2023 03:01

Camden Capital LLC bought a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Rating) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,550 shares of the medical equipment provider's stock, valued at approximately $291,000.

Other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC boosted its position in shares of Intuitive Surgical by 70.1% during the 3rd quarter. Bogart Wealth LLC now owns 148 shares of the medical equipment provider's stock valued at $28,000 after acquiring an additional 61 shares in the last quarter. Larson Financial Group LLC lifted its stake in Intuitive Surgical by 196.1% during the second quarter. Larson Financial Group LLC now owns 151 shares of the medical equipment provider's stock worth $30,000 after purchasing an additional 100 shares during the period. JFS Wealth Advisors LLC boosted its holdings in Intuitive Surgical by 82.5% during the second quarter. JFS Wealth Advisors LLC now owns 188 shares of the medical equipment provider's stock valued at $38,000 after purchasing an additional 85 shares in the last quarter. Gleason Group Inc. grew its stake in shares of Intuitive Surgical by 111.1% in the 3rd quarter. Gleason Group Inc. now owns 190 shares of the medical equipment provider's stock valued at $36,000 after purchasing an additional 100 shares during the period. Finally, CoreCap Advisors LLC acquired a new position in shares of Intuitive Surgical in the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds own 81.96% of the company's stock.

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Insider Transactions at Intuitive Surgical

In related news, EVP Robert Desantis sold 1,629 shares of the stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $250.00, for a total value of $407,250.00. Following the sale, the executive vice president now directly owns 6,769 shares in the company, valued at approximately $1,692,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Amal M. Johnson sold 6,375 shares of the business's stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $239.36, for a total value of $1,525,920.00. Following the completion of the transaction, the director now owns 11,224 shares of the company's stock, valued at approximately $2,686,576.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert Desantis sold 1,629 shares of the firm's stock in a transaction on Friday, January 27th. The stock was sold at an average price of $250.00, for a total value of $407,250.00. Following the sale, the executive vice president now directly owns 6,769 shares in the company, valued at approximately $1,692,250. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company's stock.

Intuitive Surgical Stock Performance

Shares of ISRG stock opened at $254.68 on Friday. The firm's 50 day moving average price is $262.98 and its two-hundred day moving average price is $235.91. The stock has a market cap of $90.00 billion, a PE ratio of 69.58, a PEG ratio of 5.17 and a beta of 1.28. Intuitive Surgical, Inc. has a 52-week low of $180.07 and a 52-week high of $308.97.

Intuitive Surgical (NASDAQ:ISRG – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The medical equipment provider reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.02). The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. Intuitive Surgical had a return on equity of 11.27% and a net margin of 21.25%. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the firm earned $1.30 earnings per share. As a group, sell-side analysts predict that Intuitive Surgical, Inc. will post 4.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Jefferies Financial Group initiated coverage on Intuitive Surgical in a research note on Wednesday, October 12th. They issued a "hold" rating and a $210.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Intuitive Surgical from $230.00 to $245.00 in a report on Wednesday, January 25th. Argus lifted their price target on shares of Intuitive Surgical from $265.00 to $320.00 and gave the company a "buy" rating in a report on Thursday, December 22nd. Truist Financial decreased their price objective on shares of Intuitive Surgical from $310.00 to $300.00 and set a "buy" rating on the stock in a research note on Wednesday, January 25th. Finally, StockNews.com assumed coverage on shares of Intuitive Surgical in a report on Wednesday, October 12th. They set a "hold" rating for the company. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Intuitive Surgical currently has a consensus rating of "Moderate Buy" and a consensus price target of $273.83.

Intuitive Surgical Company Profile

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Intuitive Surgical, Inc engages in the development, manufacture, and marketing of da Vinci Surgical Systems, and related instruments and accessories for invasive surgery. Its products include Da Vinci and Ion. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G. Younge in November 1995 and is headquartered in Sunnyvale, CA.

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