Segment Wealth Management LLC Purchases 322 Shares of Intuitive Surgical, Inc. $ISRG

Segment Wealth Management LLC lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 6.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,552 shares of the medical equipment provider’s stock after purchasing an additional 322 shares during the period. Segment Wealth Management LLC’s holdings in Intuitive Surgical were worth $3,017,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in ISRG. Chilton Capital Management LLC grew its holdings in shares of Intuitive Surgical by 614.3% in the first quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider’s stock worth $25,000 after purchasing an additional 43 shares during the last quarter. Elite Financial Inc. purchased a new stake in Intuitive Surgical in the first quarter worth $26,000. LFA Lugano Financial Advisors SA purchased a new stake in Intuitive Surgical in the first quarter worth $30,000. TD Capital Management LLC lifted its stake in Intuitive Surgical by 300.0% in the first quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock worth $30,000 after acquiring an additional 45 shares during the period. Finally, 1248 Management LLC purchased a new stake in Intuitive Surgical in the first quarter worth $30,000. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Trading Up 2.1%

Shares of Intuitive Surgical stock opened at $452.35 on Friday. The firm has a market capitalization of $162.16 billion, a P/E ratio of 63.09, a P/E/G ratio of 4.64 and a beta of 1.61. The business has a fifty day simple moving average of $463.55 and a two-hundred day simple moving average of $500.00. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Tuesday, July 22nd. The medical equipment provider reported $2.19 EPS for the quarter, beating the consensus estimate of $1.93 by $0.26. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.35 billion. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.78 earnings per share. Analysts predict that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on ISRG shares. Wall Street Zen raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Intuitive Surgical in a research note on Friday, August 22nd. Zacks Research lowered Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. BTIG Research reaffirmed a “buy” rating and issued a $571.00 price target on shares of Intuitive Surgical in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Intuitive Surgical in a research note on Saturday, September 27th. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $594.19.

Insider Transactions at Intuitive Surgical

In other news, EVP Myriam Curet sold 4,500 shares of Intuitive Surgical stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $492.48, for a total value of $2,216,160.00. Following the completion of the transaction, the executive vice president owned 353 shares of the company’s stock, valued at $173,845.44. The trade was a 92.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy L. Ladd sold 336 shares of Intuitive Surgical stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $470.11, for a total value of $157,956.96. Following the completion of the transaction, the director directly owned 1,074 shares of the company’s stock, valued at approximately $504,898.14. This represents a 23.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,224 shares of company stock valued at $21,716,492 in the last quarter. 0.70% of the stock is owned by insiders.

Intuitive Surgical Profile

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.