CSM Advisors LLC Takes Position in Intuitive Surgical, Inc. $ISRG

CSM Advisors LLC acquired a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the third quarter, HoldingsChannel.com reports. The fund acquired 3,357 shares of the medical equipment provider’s stock, valued at approximately $1,503,000.

Several other large investors have also added to or reduced their stakes in ISRG. Circle Wealth Management LLC grew its position in Intuitive Surgical by 9.4% in the third quarter. Circle Wealth Management LLC now owns 2,405 shares of the medical equipment provider’s stock valued at $1,076,000 after purchasing an additional 207 shares in the last quarter. Community Bank N.A. acquired a new stake in Intuitive Surgical in the 3rd quarter valued at $39,000. Clark Capital Management Group Inc. lifted its position in Intuitive Surgical by 9.9% during the 3rd quarter. Clark Capital Management Group Inc. now owns 1,440 shares of the medical equipment provider’s stock worth $644,000 after buying an additional 130 shares in the last quarter. Ausdal Financial Partners Inc. lifted its position in Intuitive Surgical by 38.0% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 3,146 shares of the medical equipment provider’s stock worth $1,407,000 after buying an additional 866 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of Intuitive Surgical by 12.2% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 47,974 shares of the medical equipment provider’s stock worth $21,442,000 after buying an additional 5,217 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ISRG. HSBC raised their price objective on Intuitive Surgical from $644.00 to $653.00 and gave the company a “buy” rating in a report on Monday, January 26th. Barclays set a $712.00 price target on Intuitive Surgical and gave the company an “overweight” rating in a research report on Monday, January 26th. Truist Financial raised their price target on Intuitive Surgical from $620.00 to $650.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Piper Sandler reaffirmed an “overweight” rating and set a $620.00 price target (up from $610.00) on shares of Intuitive Surgical in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada increased their price objective on Intuitive Surgical from $625.00 to $650.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Intuitive Surgical currently has an average rating of “Moderate Buy” and a consensus price target of $615.86.

Intuitive Surgical Stock Performance

Intuitive Surgical stock opened at $483.46 on Tuesday. The stock has a 50-day simple moving average of $511.60 and a 200 day simple moving average of $513.03. The stock has a market capitalization of $171.69 billion, a P/E ratio of 61.28, a PEG ratio of 3.64 and a beta of 1.66. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $603.88.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the prior year, the company earned $2.21 earnings per share. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. Research analysts forecast that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, SVP Mark Brosius sold 2,362 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $498.68, for a total transaction of $1,177,882.16. Following the completion of the sale, the senior vice president owned 3,554 shares of the company’s stock, valued at $1,772,308.72. This trade represents a 39.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Patricia L. Wadors sold 220 shares of Intuitive Surgical stock in a transaction on Friday, February 27th. The stock was sold at an average price of $499.71, for a total transaction of $109,936.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,943 shares of company stock worth $17,279,568 in the last three months. 0.70% of the stock is owned by 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.