Dogwood Wealth Management LLC Acquires 140 Shares of Intuitive Surgical, Inc. $ISRG

Dogwood Wealth Management LLC increased its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 10.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,442 shares of the medical equipment provider’s stock after buying an additional 140 shares during the period. Dogwood Wealth Management LLC’s holdings in Intuitive Surgical were worth $760,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ISRG. Brighton Jones LLC lifted its position 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 buying an additional 731 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Intuitive Surgical in the 1st quarter valued at approximately $135,000. LVW Advisors LLC lifted its stake in shares of Intuitive Surgical by 7.0% in the 1st quarter. LVW Advisors LLC now owns 1,549 shares of the medical equipment provider’s stock valued at $767,000 after purchasing an additional 101 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of Intuitive Surgical by 17.2% in the 1st quarter. Merit Financial Group LLC now owns 7,811 shares of the medical equipment provider’s stock valued at $3,869,000 after purchasing an additional 1,147 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its stake in shares of Intuitive Surgical by 69.8% in the 1st quarter. ST Germain D J Co. Inc. now owns 73 shares of the medical equipment provider’s stock valued at $36,000 after purchasing an additional 30 shares during the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Intuitive Surgical Stock Up 1.8%

ISRG opened at $447.23 on Wednesday. The stock’s fifty day moving average is $466.61 and its two-hundred day moving average is $500.97. The company has a market capitalization of $160.32 billion, a P/E ratio of 62.38, a PEG ratio of 4.60 and a beta of 1.61. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ISRG shares. Erste Group Bank reaffirmed a “hold” rating on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $615.00 price target on shares of Intuitive Surgical in a report on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Intuitive Surgical in a report on Friday, August 22nd. UBS Group increased their price target on Intuitive Surgical from $547.00 to $585.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $595.00 price target (up from $575.00) on shares of Intuitive Surgical in a report on Wednesday, July 23rd. Thirteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $595.95.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, EVP Myriam Curet sold 4,500 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $492.48, for a total transaction of $2,216,160.00. Following the sale, the executive vice president owned 353 shares of the company’s stock, valued at approximately $173,845.44. This trade represents a 92.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gary S. Guthart sold 29,360 shares of the stock in a transaction on 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 sale, the insider directly owned 19,827 shares in the company, valued at $9,368,059.23. This trade represents a 59.69% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,224 shares of company stock valued at $21,716,492. 0.70% of the stock is currently owned by corporate insiders.

Intuitive Surgical Company 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.