Intuitive Surgical, Inc. $ISRG Shares Acquired by Zions Bancorporation National Association UT

Zions Bancorporation National Association UT lifted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,923 shares of the medical equipment provider’s stock after purchasing an additional 481 shares during the period. Zions Bancorporation National Association UT’s holdings in Intuitive Surgical were worth $7,566,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ISRG. Brighton Jones LLC grew its stake in shares of Intuitive Surgical by 24.9% in the fourth quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider’s stock worth $1,916,000 after acquiring an additional 731 shares in the last quarter. Alps Advisors Inc. boosted its holdings in Intuitive Surgical by 2.6% in the first quarter. Alps Advisors Inc. now owns 2,482 shares of the medical equipment provider’s stock valued at $1,229,000 after purchasing an additional 63 shares during the period. Genus Capital Management Inc. grew its stake in Intuitive Surgical by 109.1% during the 1st quarter. Genus Capital Management Inc. now owns 1,789 shares of the medical equipment provider’s stock worth $886,000 after purchasing an additional 21,487 shares in the last quarter. Fidelis Capital Partners LLC increased its holdings in Intuitive Surgical by 4.2% during the 1st quarter. Fidelis Capital Partners LLC now owns 2,380 shares of the medical equipment provider’s stock worth $1,225,000 after purchasing an additional 95 shares during the period. Finally, Blue Square Asset Management LLC increased its holdings in Intuitive Surgical by 17.9% during the 1st quarter. Blue Square Asset Management LLC now owns 12,954 shares of the medical equipment provider’s stock worth $6,416,000 after purchasing an additional 1,963 shares during the period. 83.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ISRG shares. Evercore ISI lifted their price objective on Intuitive Surgical from $450.00 to $540.00 in a research note on Wednesday, October 22nd. Erste Group Bank reiterated a “hold” rating on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. Wall Street Zen cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Saturday. Piper Sandler increased their price objective on shares of Intuitive Surgical from $595.00 to $610.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Jefferies Financial Group lifted their price objective on shares of Intuitive Surgical from $550.00 to $560.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given 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 has an average rating of “Moderate Buy” and an average price target of $608.92.

Insider Activity at Intuitive Surgical

In other news, EVP Myriam Curet sold 7,562 shares of Intuitive Surgical stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $548.43, for a total transaction of $4,147,227.66. Following the sale, the executive vice president owned 353 shares in the company, valued at approximately $193,595.79. The trade was a 95.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary S. Guthart sold 29,360 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $472.49, for a total value of $13,872,306.40. Following the completion of the sale, the insider directly owned 19,827 shares of the company’s stock, valued at $9,368,059.23. The trade was a 59.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 98,078 shares of company stock valued at $51,445,892. Corporate insiders own 0.70% of the company’s stock.

Intuitive Surgical Trading Up 2.2%

ISRG stock opened at $560.00 on Friday. The stock has a market cap of $200.75 billion, a P/E ratio of 74.07, a PEG ratio of 4.94 and a beta of 1.62. Intuitive Surgical, Inc. has a twelve month low of $425.00 and a twelve month high of $616.00. The company’s 50 day moving average is $471.89 and its two-hundred day moving average is $501.02.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.41. Intuitive Surgical had a net margin of 28.58% and a return on equity of 15.08%. The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the firm posted $1.84 EPS. The company’s revenue was up 22.9% on a year-over-year basis. On average, equities research analysts predict that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current 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.