Intuitive Surgical, Inc. $ISRG Stock Position Boosted by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lifted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 103.5% in the fourth quarter, HoldingsChannel reports. The firm owned 3,154 shares of the medical equipment provider’s stock after purchasing an additional 1,604 shares during the period. Jefferies Financial Group Inc.’s holdings in Intuitive Surgical were worth $1,786,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ISRG. White Lighthouse Investment Management Inc. increased its position in Intuitive Surgical by 5.1% during the fourth quarter. White Lighthouse Investment Management Inc. now owns 473 shares of the medical equipment provider’s stock worth $268,000 after buying an additional 23 shares during the last quarter. Planning Alternatives Ltd. ADV bought a new stake in Intuitive Surgical during the fourth quarter worth approximately $759,000. CFO4Life Group LLC bought a new stake in Intuitive Surgical during the fourth quarter worth approximately $251,000. EverSource Wealth Advisors LLC boosted its position in Intuitive Surgical by 23.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,885 shares of the medical equipment provider’s stock worth $1,067,000 after purchasing an additional 362 shares during the period. Finally, Americana Partners LLC boosted its position in Intuitive Surgical by 93.9% during the fourth quarter. Americana Partners LLC now owns 7,520 shares of the medical equipment provider’s stock worth $4,259,000 after purchasing an additional 3,642 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. BTIG Research reissued a “buy” rating and set a $574.00 target price on shares of Intuitive Surgical in a research report on Wednesday, April 22nd. UBS Group cut their target price on shares of Intuitive Surgical from $570.00 to $550.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. JPMorgan Chase & Co. lowered their target price on Intuitive Surgical from $625.00 to $550.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Jefferies Financial Group decreased their price target on shares of Intuitive Surgical from $560.00 to $515.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Finally, Argus cut their price objective on shares of Intuitive Surgical from $630.00 to $560.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Nineteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and a consensus target price of $576.71.

Insiders Place Their Bets

In other news, SVP Mark Brosius sold 2,362 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $1,772,308.72. The trade was a 39.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Myriam Curet sold 105 shares of Intuitive Surgical stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $493.95, for a total value of $51,864.75. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,701 shares of company stock worth $2,783,807 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Intuitive Surgical Trading Down 4.1%

Shares of ISRG stock opened at $418.55 on Thursday. Intuitive Surgical, Inc. has a 1 year low of $414.30 and a 1 year high of $603.88. The firm’s fifty day moving average price is $455.79 and its two-hundred day moving average price is $507.97. The firm has a market capitalization of $148.23 billion, a P/E ratio of 50.73, a PEG ratio of 3.49 and a beta of 1.51.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Tuesday, April 21st. The medical equipment provider reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.42. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.62 billion. Intuitive Surgical had a return on equity of 15.98% and a net margin of 28.15%.The business’s revenue was up 23.0% compared to the same quarter last year. During the same period last year, the company earned $1.81 earnings per share. As a group, equities research analysts forecast that Intuitive Surgical, Inc. will post 8.57 EPS for the current fiscal year.

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.