AMG National Trust Bank Acquires 257 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

AMG National Trust Bank increased its position in Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Rating) by 20.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,532 shares of the medical equipment provider’s stock after acquiring an additional 257 shares during the quarter. AMG National Trust Bank’s holdings in Intuitive Surgical were worth $287,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ISRG. Modera Wealth Management LLC increased its holdings in Intuitive Surgical by 2.4% during the 3rd quarter. Modera Wealth Management LLC now owns 1,739 shares of the medical equipment provider’s stock worth $326,000 after purchasing an additional 41 shares during the period. ICICI Prudential Asset Management Co Ltd boosted its position in shares of Intuitive Surgical by 4.1% during the 2nd quarter. ICICI Prudential Asset Management Co Ltd now owns 1,070 shares of the medical equipment provider’s stock worth $217,000 after acquiring an additional 42 shares in the last quarter. Sepio Capital LP boosted its position in shares of Intuitive Surgical by 0.7% during the 3rd quarter. Sepio Capital LP now owns 6,673 shares of the medical equipment provider’s stock worth $1,251,000 after acquiring an additional 45 shares in the last quarter. Douglass Winthrop Advisors LLC boosted its position in shares of Intuitive Surgical by 2.0% during the 1st quarter. Douglass Winthrop Advisors LLC now owns 2,308 shares of the medical equipment provider’s stock worth $696,000 after acquiring an additional 46 shares in the last quarter. Finally, Roundview Capital LLC boosted its position in shares of Intuitive Surgical by 0.5% during the 2nd quarter. Roundview Capital LLC now owns 9,395 shares of the medical equipment provider’s stock worth $1,886,000 after acquiring an additional 46 shares in the last quarter. 81.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on ISRG shares. BTIG Research upped their target price on Intuitive Surgical from $247.00 to $316.00 and gave the company a “buy” rating in a research report on Monday, December 5th. Piper Sandler raised their price objective on Intuitive Surgical from $260.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, October 19th. StockNews.com began coverage on Intuitive Surgical in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Citigroup raised their price objective on Intuitive Surgical from $245.00 to $318.00 in a report on Monday, December 12th. Finally, Argus lifted their target price on Intuitive Surgical from $265.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, December 22nd. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $280.53.

Insider Transactions at Intuitive Surgical

In other news, Director Amal M. Johnson sold 6,375 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $239.36, for a total transaction of $1,525,920.00. Following the completion of the transaction, the director now directly owns 11,224 shares in the company, valued at $2,686,576.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Intuitive Surgical news, EVP Myriam Curet sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $250.06, for a total value of $2,000,480.00. Following the completion of the sale, the executive vice president now directly owns 217 shares in the company, valued at $54,263.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amal M. Johnson sold 6,375 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $239.36, for a total value of $1,525,920.00. Following the completion of the sale, the director now owns 11,224 shares of the company’s stock, valued at $2,686,576.64. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Intuitive Surgical Trading Up 0.8 %

Shares of NASDAQ ISRG opened at $257.98 on Wednesday. The stock has a 50 day simple moving average of $264.91 and a 200-day simple moving average of $234.18. The company has a market cap of $91.17 billion, a PE ratio of 68.07, a P/E/G ratio of 4.90 and a beta of 1.36. Intuitive Surgical, Inc. has a 12-month low of $180.07 and a 12-month high of $308.97.

Intuitive Surgical (NASDAQ:ISRG – Get Rating) last issued its quarterly earnings data 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). The business 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 11.54% and a net margin of 22.52%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.30 earnings per share. Sell-side analysts forecast that Intuitive Surgical, Inc. will post 3.77 earnings per share for the current fiscal year.

Intuitive Surgical 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.