Intuitive Surgical, Inc. (NASDAQ:ISRG) Stake Lifted by Dynamic Advisor Solutions LLC

Defense World · Mar 24, 2023 18:24

Dynamic Advisor Solutions LLC increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Rating) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,587 shares of the medical equipment provider's stock after buying an additional 248 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Intuitive Surgical were worth $686,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ISRG. BlackRock Inc. grew its stake in Intuitive Surgical by 5.6% during the 3rd quarter. BlackRock Inc. now owns 27,887,777 shares of the medical equipment provider's stock worth $5,227,284,000 after buying an additional 1,477,885 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Intuitive Surgical by 3.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 25,692,735 shares of the medical equipment provider's stock worth $5,156,788,000 after acquiring an additional 816,066 shares during the period. Goldman Sachs Group Inc. boosted its position in Intuitive Surgical by 49.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,888,228 shares of the medical equipment provider's stock worth $378,987,000 after acquiring an additional 621,063 shares during the period. Mackenzie Financial Corp boosted its position in Intuitive Surgical by 244.5% during the 3rd quarter. Mackenzie Financial Corp now owns 730,312 shares of the medical equipment provider's stock worth $136,890,000 after acquiring an additional 518,321 shares during the period. Finally, Clearbridge Investments LLC boosted its position in Intuitive Surgical by 23.1% during the 1st quarter. Clearbridge Investments LLC now owns 2,428,635 shares of the medical equipment provider's stock worth $732,671,000 after acquiring an additional 455,461 shares during the period. 81.96% of the stock is currently owned by institutional investors.

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Intuitive Surgical Stock Up 1.5 %

Shares of NASDAQ:ISRG opened at $244.47 on Friday. The business has a 50 day moving average price of $242.56 and a 200 day moving average price of $239.19. Intuitive Surgical, Inc. has a twelve month low of $180.07 and a twelve month high of $308.97. The company has a market cap of $85.63 billion, a price-to-earnings ratio of 66.80, a PEG ratio of 4.79 and a beta of 1.29.

Intuitive Surgical (NASDAQ:ISRG – Get Rating) last issued its earnings results on Tuesday, January 24th. The medical equipment provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.25 by ($0.02). Intuitive Surgical had a return on equity of 11.27% and a net margin of 21.25%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the company posted $1.30 earnings per share. The company's quarterly revenue was up 6.7% on a year-over-year basis. Analysts anticipate that Intuitive Surgical, Inc. will post 4.21 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Truist Financial reduced their price target on Intuitive Surgical from $310.00 to $300.00 and set a "buy" rating for the company in a research report on Wednesday, January 25th. Morgan Stanley reduced their price target on Intuitive Surgical from $290.00 to $265.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 25th. Raymond James upped their price objective on Intuitive Surgical from $255.00 to $270.00 and gave the company an "outperform" rating in a report on Thursday, January 26th. Mizuho cut their price objective on Intuitive Surgical from $245.00 to $240.00 in a report on Wednesday, January 25th. Finally, BTIG Research cut their price objective on Intuitive Surgical from $316.00 to $279.00 and set a "buy" rating for the company in a report on Wednesday, January 25th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $273.83.

Insider Activity

In other news, EVP Myriam Curet sold 1,253 shares of Intuitive Surgical stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $228.47, for a total value of $286,272.91. Following the completion of the sale, the executive vice president now directly owns 1,950 shares of the company's stock, valued at approximately $445,516.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, 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 transaction, the executive vice president now directly owns 6,769 shares in the company, valued at approximately $1,692,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Myriam Curet sold 1,253 shares of the firm's stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $228.47, for a total value of $286,272.91. Following the completion of the transaction, the executive vice president now owns 1,950 shares in the company, valued at $445,516.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,396 shares of company stock valued at $20,438,478. Company insiders own 0.90% of the company's stock.

Intuitive Surgical Company Profile

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Intuitive Surgical, Inc engages in the provision of robotic-assisted surgical solutions and invasive care through a comprehensive ecosystem of products and services. Its products include Da Vinci Surgical and Ion Endoluminal systems. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G.

Intuitive Surgical, Inc. (NASDAQ:ISRG) Stake Lifted by Dynamic Advisor Solutions LLC

Intuitive Surgical Stock Up 1.5 %

Wall Street Analyst Weigh In

Insider Activity

Intuitive Surgical Company Profile

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