First Trust Advisors LP Has $100.47 Million Stock Holdings in Intuitive Surgical, Inc. $ISRG

First Trust Advisors LP boosted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 18.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 184,883 shares of the medical equipment provider’s stock after buying an additional 28,556 shares during the period. First Trust Advisors LP owned approximately 0.05% of Intuitive Surgical worth $100,467,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tobam raised its holdings in shares of Intuitive Surgical by 666.7% during 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 bought a new position in Intuitive Surgical during the 2nd quarter worth about $27,000. TD Capital Management LLC raised its stake in shares of Intuitive Surgical by 300.0% in the 1st quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock valued at $30,000 after purchasing an additional 45 shares during the period. 1248 Management LLC bought a new stake in shares of Intuitive Surgical in the first quarter valued at about $30,000. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Intuitive Surgical during the second quarter worth about $30,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ISRG shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $685.00 target price on shares of Intuitive Surgical in a research report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Intuitive Surgical in a research note on Friday, August 22nd. Evercore ISI boosted their price objective on shares of Intuitive Surgical from $450.00 to $540.00 in a research report on Wednesday, October 22nd. Hsbc Global Res upgraded shares of Intuitive Surgical to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, The Goldman Sachs Group raised their target price on shares of Intuitive Surgical from $567.00 to $621.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $607.17.

Intuitive Surgical Stock Performance

Intuitive Surgical stock opened at $575.34 on Friday. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00. The stock has a market capitalization of $206.25 billion, a P/E ratio of 76.10, a price-to-earnings-growth ratio of 5.23 and a beta of 1.68. The stock has a fifty day moving average of $518.60 and a 200-day moving average of $505.69.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.41. The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The business’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.84 earnings per share. On average, 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 news, EVP Myriam Curet sold 7,562 shares of the stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $548.43, for a total value of $4,147,227.66. Following the completion of the sale, the executive vice president owned 353 shares of the company’s stock, valued at approximately $193,595.79. This represents a 95.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Henry L. Charlton sold 13,731 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $580.00, for a total value of $7,963,980.00. Following the transaction, the executive vice president owned 3,056 shares of the company’s stock, valued at $1,772,480. This trade represents a 81.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 108,939 shares of company stock worth $60,757,995 over the last 90 days. 0.70% of the stock is owned by corporate insiders.

Intuitive Surgical 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.