Huntington National Bank Increases Stock Holdings in Intuitive Surgical, Inc. $ISRG

Huntington National Bank grew its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 306,486 shares of the medical equipment provider’s stock after purchasing an additional 6,497 shares during the quarter. Intuitive Surgical makes up approximately 0.8% of Huntington National Bank’s holdings, making the stock its 29th biggest position. Huntington National Bank owned about 0.09% of Intuitive Surgical worth $137,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Tobam raised its position in Intuitive Surgical by 666.7% in the second quarter. Tobam now owns 46 shares of the medical equipment provider’s stock worth $25,000 after acquiring an additional 40 shares during the period. Kilter Group LLC purchased a new stake in shares of Intuitive Surgical in the 2nd quarter worth $27,000. Greykasell Wealth Strategies Inc. bought a new position in Intuitive Surgical in the 3rd quarter worth $27,000. Caitlin John LLC purchased a new position in Intuitive Surgical during the third quarter valued at $30,000. Finally, Riggs Asset Managment Co. Inc. grew its holdings in Intuitive Surgical by 84.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 70 shares of the medical equipment provider’s stock valued at $38,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Performance

Shares of NASDAQ ISRG opened at $503.51 on Friday. The company has a market cap of $178.81 billion, a P/E ratio of 63.82, a P/E/G ratio of 3.91 and a beta of 1.65. Intuitive Surgical, Inc. has a 52-week low of $425.00 and a 52-week high of $603.88. The firm’s fifty day moving average is $529.83 and its two-hundred day moving average is $511.48.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.26. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the business posted $2.21 earnings per share. The business’s quarterly revenue was up 18.8% compared to the same quarter last year. As a group, analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wells Fargo & Company raised their price objective on Intuitive Surgical from $600.00 to $654.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Evercore reduced their target price on shares of Intuitive Surgical from $580.00 to $550.00 and set an “in-line” rating for the company in a report on Friday, January 23rd. UBS Group set a $570.00 target price on shares of Intuitive Surgical and gave the stock a “neutral” rating in a research note on Tuesday. Wall Street Zen lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Truist Financial raised their price objective on shares of Intuitive Surgical from $620.00 to $650.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and an average price target of $615.86.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, SVP Patricia L. Wadors sold 220 shares of Intuitive Surgical stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $499.71, for a total value of $109,936.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Myriam Curet sold 421 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $494.96, for a total value of $208,378.16. Following the sale, the executive vice president directly owned 409 shares in the company, valued at $202,438.64. This trade represents a 50.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 56,409 shares of company stock worth $30,895,377 over the last three months. 0.70% of the stock is owned by company insiders.

Intuitive Surgical Company Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.