Stock Yards Bank & Trust Co. Has $2.78 Million Stock Holdings in Intuitive Surgical, Inc. $ISRG

Stock Yards Bank & Trust Co. raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 71.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,212 shares of the medical equipment provider’s stock after purchasing an additional 2,593 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Intuitive Surgical were worth $2,778,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ISRG. Vertex Planning Partners LLC increased its holdings in shares of Intuitive Surgical by 2.3% during the 2nd quarter. Vertex Planning Partners LLC now owns 917 shares of the medical equipment provider’s stock worth $498,000 after acquiring an additional 21 shares during the last quarter. City Holding Co. lifted its holdings in Intuitive Surgical by 16.1% during the 2nd quarter. City Holding Co. now owns 159 shares of the medical equipment provider’s stock worth $86,000 after purchasing an additional 22 shares during the last quarter. True Vision MN LLC boosted its stake in Intuitive Surgical by 3.0% in the 2nd quarter. True Vision MN LLC now owns 766 shares of the medical equipment provider’s stock valued at $416,000 after purchasing an additional 22 shares during the period. Evermay Wealth Management LLC increased its position in Intuitive Surgical by 3.1% during the 2nd quarter. Evermay Wealth Management LLC now owns 731 shares of the medical equipment provider’s stock worth $397,000 after buying an additional 22 shares during the period. Finally, Avion Wealth lifted its holdings in shares of Intuitive Surgical by 2.3% during the second quarter. Avion Wealth now owns 984 shares of the medical equipment provider’s stock worth $534,000 after buying an additional 22 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on ISRG. HSBC upped their price target on shares of Intuitive Surgical from $595.00 to $644.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Truist Financial increased their target price on shares of Intuitive Surgical from $620.00 to $650.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Argus raised their target price on shares of Intuitive Surgical from $600.00 to $630.00 in a report on Monday, October 27th. Evercore ISI set a $580.00 price target on shares of Intuitive Surgical in a research report on Monday, January 5th. Finally, Robert W. Baird set a $655.00 price target on Intuitive Surgical in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Intuitive Surgical presently has an average rating of “Moderate Buy” and an average price target of $622.17.

Intuitive Surgical Trading Down 1.4%

NASDAQ ISRG opened at $527.44 on Wednesday. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $616.00. The firm has a market capitalization of $189.08 billion, a price-to-earnings ratio of 69.77, a P/E/G ratio of 4.35 and a beta of 1.67. The firm’s 50 day simple moving average is $564.60 and its 200 day simple moving average is $511.68.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the business posted $1.84 EPS. The company’s revenue was up 22.9% compared to the same quarter last year. On average, equities 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, Director Craig H. Barratt sold 750 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $580.00, for a total value of $435,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Myriam Curet sold 104 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $559.90, for a total transaction of $58,229.60. The disclosure for this sale is available in the SEC filing. Insiders sold 114,007 shares of company stock worth $63,533,844 over the last quarter. 0.70% of the stock is currently owned by company insiders.

About Intuitive Surgical

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.