Terra Nova Asset Management LLC Grows Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Terra Nova Asset Management LLC raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.9% during the first quarter, Holdings Channel.com reports. The firm owned 4,645 shares of the medical equipment provider’s stock after buying an additional 217 shares during the period. Intuitive Surgical accounts for about 1.8% of Terra Nova Asset Management LLC’s holdings, making the stock its 23rd largest holding. Terra Nova Asset Management LLC’s holdings in Intuitive Surgical were worth $2,301,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ISRG. Onefund LLC boosted its holdings in Intuitive Surgical by 1.9% in the fourth quarter. Onefund LLC now owns 947 shares of the medical equipment provider’s stock worth $494,000 after purchasing an additional 18 shares during the period. AlphaCore Capital LLC boosted its holdings in shares of Intuitive Surgical by 4.2% during the fourth quarter. AlphaCore Capital LLC now owns 451 shares of the medical equipment provider’s stock valued at $235,000 after acquiring an additional 18 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Intuitive Surgical by 2.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the medical equipment provider’s stock valued at $390,000 after acquiring an additional 19 shares during the period. Accredited Investors Inc. boosted its holdings in shares of Intuitive Surgical by 1.9% during the fourth quarter. Accredited Investors Inc. now owns 1,040 shares of the medical equipment provider’s stock valued at $543,000 after acquiring an additional 19 shares during the period. Finally, Second Line Capital LLC boosted its holdings in shares of Intuitive Surgical by 3.4% during the fourth quarter. Second Line Capital LLC now owns 578 shares of the medical equipment provider’s stock valued at $302,000 after acquiring an additional 19 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ISRG has been the subject of several analyst reports. BTIG Research set a $560.00 price target on shares of Intuitive Surgical and gave the company a “buy” rating in a report on Monday, April 14th. Robert W. Baird reduced their price target on shares of Intuitive Surgical from $600.00 to $575.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Royal Bank Of Canada reduced their price target on shares of Intuitive Surgical from $630.00 to $605.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Evercore ISI reduced their price target on shares of Intuitive Surgical from $510.00 to $470.00 and set an “in-line” rating for the company in a report on Wednesday, April 23rd. Finally, Citigroup restated a “buy” rating and set a $650.00 price objective (up from $590.00) on shares of Intuitive Surgical in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and an average price target of $588.95.

Insiders Place Their Bets

In other news, EVP Gary Loeb sold 1,700 shares of the company’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $513.18, for a total value of $872,406.00. Following the transaction, the executive vice president now owns 2,245 shares in the company, valued at $1,152,089.10. This represents a 43.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jami K. Nachtsheim sold 2,400 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $520.00, for a total value of $1,248,000.00. Following the completion of the transaction, the director now owns 6,371 shares in the company, valued at $3,312,920. This represents a 27.36% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,998 shares of company stock worth $2,611,577. Company insiders own 0.70% of the company’s stock.

Intuitive Surgical Trading Down 0.3%

Shares of Intuitive Surgical stock opened at $521.63 on Thursday. The company’s 50-day moving average price is $530.03 and its two-hundred day moving average price is $536.86. The stock has a market cap of $186.96 billion, a PE ratio of 76.49, a price-to-earnings-growth ratio of 5.55 and a beta of 1.67. Intuitive Surgical, Inc. has a 52 week low of $413.82 and a 52 week high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.10. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.19 billion. Intuitive Surgical had a return on equity of 14.43% and a net margin of 28.41%. During the same quarter in the previous year, the company earned $1.50 EPS. On average, equities analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

About Intuitive Surgical

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.