Fiera Capital Corp Purchases New Position in Intuitive Surgical, Inc. $ISRG

Fiera Capital Corp acquired a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) during the third quarter, HoldingsChannel.com reports. The fund acquired 93,137 shares of the medical equipment provider’s stock, valued at approximately $41,654,000.

Other large investors have also modified their holdings of the company. Tobam lifted its position in Intuitive Surgical by 666.7% during the 2nd quarter. Tobam now owns 46 shares of the medical equipment provider’s stock worth $25,000 after acquiring an additional 40 shares in the last quarter. Kilter Group LLC acquired a new position in shares of Intuitive Surgical during the second quarter worth $27,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of Intuitive Surgical in the third quarter valued at $27,000. Guerra Advisors Inc purchased a new position in shares of Intuitive Surgical in the third quarter valued at $37,000. Finally, Riggs Asset Managment Co. Inc. grew its holdings in Intuitive Surgical by 84.2% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 70 shares of the medical equipment provider’s stock valued at $38,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

ISRG has been the topic of a number of recent analyst reports. Evercore cut their price objective on shares of Intuitive Surgical from $580.00 to $550.00 and set an “in-line” rating on the stock in a report on Friday, January 23rd. BTIG Research reissued a “buy” rating and issued a $616.00 price target on shares of Intuitive Surgical in a report on Friday, January 23rd. UBS Group restated a “neutral” rating on shares of Intuitive Surgical in a research note on Thursday, January 15th. Wall Street Zen lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Robert W. Baird reduced their target price on Intuitive Surgical from $655.00 to $645.00 and set an “outperform” rating for the company in a research note on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $617.23.

Intuitive Surgical Trading Up 0.9%

Shares of ISRG opened at $504.05 on Friday. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $607.35. The firm has a market cap of $179.00 billion, a price-to-earnings ratio of 63.88, a PEG ratio of 3.87 and a beta of 1.65. The stock has a 50 day moving average of $535.88 and a 200-day moving average of $510.51.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results 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. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.72 billion. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.The business’s revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.21 EPS. On average, sell-side analysts predict that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Intuitive Surgical

In related news, EVP Myriam Curet sold 421 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $494.96, for a total transaction of $208,378.16. Following the completion of the sale, the executive vice president owned 409 shares of the company’s stock, valued at $202,438.64. This represents a 50.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Fredrik Widman sold 133 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $494.96, for a total transaction of $65,829.68. Following the sale, the vice president owned 660 shares in the company, valued at approximately $326,673.60. This trade represents a 16.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 56,189 shares of company stock valued at $30,785,441. Corporate insiders own 0.70% of the company’s stock.

Intuitive Surgical 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.