Intuitive Surgical, Inc. $ISRG Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 589,109 shares of the medical equipment provider’s stock after buying an additional 2,267 shares during the quarter. Lazard Asset Management LLC’s holdings in Intuitive Surgical were worth $320,126,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Norway Savings Bank raised its stake in shares of Intuitive Surgical by 53.4% during the 2nd quarter. Norway Savings Bank now owns 2,613 shares of the medical equipment provider’s stock worth $1,420,000 after buying an additional 910 shares in the last quarter. Trust Co. of Oklahoma purchased a new stake in shares of Intuitive Surgical in the second quarter valued at approximately $363,000. IronOak Wealth LLC. acquired a new position in Intuitive Surgical during the second quarter worth $1,099,000. Eastover Investment Advisors LLC raised its position in Intuitive Surgical by 204.8% in the second quarter. Eastover Investment Advisors LLC now owns 13,163 shares of the medical equipment provider’s stock worth $7,153,000 after acquiring an additional 8,844 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in Intuitive Surgical by 2.2% in the second quarter. Amalgamated Bank now owns 81,542 shares of the medical equipment provider’s stock valued at $44,311,000 after acquiring an additional 1,772 shares during the period. 83.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ISRG shares. Argus upped their price target on shares of Intuitive Surgical from $600.00 to $630.00 in a research note on Monday, October 27th. Wells Fargo & Company upped their target price on shares of Intuitive Surgical from $600.00 to $654.00 and gave the stock an “overweight” rating in a research report on Friday. Raymond James Financial set a $603.00 target price on shares of Intuitive Surgical and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Leerink Partners boosted their price target on Intuitive Surgical from $593.00 to $600.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Mizuho set a $575.00 price objective on Intuitive Surgical in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Intuitive Surgical has a consensus rating of “Moderate Buy” and a consensus target price of $608.79.

Insider Buying and Selling

In other news, EVP Myriam Curet sold 7,562 shares of the company’s stock in a transaction on 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 sale, the executive vice president directly owned 353 shares in the company, valued at $193,595.79. This represents a 95.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary S. Guthart sold 28,800 shares of the stock in a transaction on Friday, October 24th. The shares were sold at an average price of $547.56, for a total value of $15,769,728.00. Following the sale, the insider directly owned 27,027 shares in the company, valued at approximately $14,798,904.12. The trade was a 51.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 109,043 shares of company stock valued at $60,816,225. Company insiders own 0.70% of the company’s stock.

Intuitive Surgical Price Performance

ISRG stock opened at $542.32 on Friday. The company’s 50 day simple moving average is $529.62 and its 200-day simple moving average is $506.00. The firm has a market capitalization of $194.41 billion, a PE ratio of 71.74, a P/E/G ratio of 5.03 and a beta of 1.68. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.41. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the firm posted $1.84 EPS. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

About Intuitive Surgical

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.