Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Bought by Mckinley Capital Management LLC Delaware

Financial News Live · Mar 25, 2023 21:53

Mckinley Capital Management LLC Delaware grew its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Rating) by 19.4% during the 4th quarter, Holdings Channel reports. The firm owned 19,180 shares of the medical equipment provider's stock after purchasing an additional 3,120 shares during the period. Mckinley Capital Management LLC Delaware's holdings in Intuitive Surgical were worth $5,089,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Private Advisor Group LLC boosted its stake in shares of Intuitive Surgical by 4.0% during the 4th quarter. Private Advisor Group LLC now owns 11,751 shares of the medical equipment provider's stock worth $589,485,000 after acquiring an additional 448 shares in the last quarter. Congress Asset Management Co. MA bought a new stake in shares of Intuitive Surgical during the 4th quarter worth $77,150,000. Trifecta Capital Advisors LLC bought a new stake in shares of Intuitive Surgical during the 4th quarter worth $1,580,000. Maryland State Retirement & Pension System bought a new stake in shares of Intuitive Surgical during the 4th quarter worth $7,370,000. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Intuitive Surgical by 102.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 6,093 shares of the medical equipment provider's stock worth $1,617,000 after acquiring an additional 3,088 shares in the last quarter. 81.96% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research firms have recently weighed in on ISRG. Deutsche Bank Aktiengesellschaft raised their price objective on Intuitive Surgical from $230.00 to $245.00 in a research note on Wednesday, January 25th. BTIG Research decreased their target price on Intuitive Surgical from $316.00 to $279.00 and set a "buy" rating for the company in a research report on Wednesday, January 25th. Wells Fargo & Company decreased their target price on Intuitive Surgical from $305.00 to $289.00 and set an "overweight" rating for the company in a research report on Wednesday, January 25th. Barclays raised their target price on Intuitive Surgical from $235.00 to $298.00 in a research report on Wednesday, January 4th. Finally, Mizuho decreased their target price on Intuitive Surgical from $245.00 to $240.00 in a research report on Wednesday, January 25th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $273.83.

Intuitive Surgical Stock Up 4.9 %

Shares of ISRG opened at $256.42 on Friday. Intuitive Surgical, Inc. has a 12-month low of $180.07 and a 12-month high of $308.97. The firm has a market capitalization of $89.81 billion, a price-to-earnings ratio of 70.06, a P/E/G ratio of 4.79 and a beta of 1.29. The stock's 50-day moving average price is $242.51 and its 200 day moving average price is $239.56.

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

Insider Activity at Intuitive Surgical

In related news, EVP Robert Desantis sold 1,629 shares of the business's stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $250.00, for a total transaction of $407,250.00. Following the transaction, the executive vice president now directly owns 6,769 shares in the company, valued at $1,692,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Intuitive Surgical news, EVP Robert Desantis sold 1,629 shares of Intuitive Surgical stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $250.00, for a total transaction of $407,250.00. Following the sale, the executive vice president now directly owns 6,769 shares of the company's stock, valued at $1,692,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David J. Rosa sold 45,025 shares of Intuitive Surgical stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $250.53, for a total value of $11,280,113.25. Following the sale, the executive vice president now directly owns 125,385 shares in the company, valued at $31,412,704.05. The disclosure for this sale can be found here. Insiders have sold 82,396 shares of company stock worth $20,438,478 over the last three months. Company insiders own 0.90% of the company's stock.

About Intuitive Surgical

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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) Shares Bought by Mckinley Capital Management LLC Delaware

Analysts Set New Price Targets

Intuitive Surgical Stock Up 4.9 %

Insider Activity at Intuitive Surgical

About Intuitive Surgical

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