Wealth Enhancement Advisory Services LLC Purchases New Holdings in Intuitive Surgical, Inc. (ISRG)

Wealth Enhancement Advisory Services LLC purchased a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,983 shares of the medical equipment provider’s stock, valued at approximately $2,524,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. ETF Managers Group LLC acquired a new position in Intuitive Surgical during the second quarter worth $110,000. D. Scott Neal Inc. acquired a new position in Intuitive Surgical during the second quarter worth $120,000. Harvest Fund Management Co. Ltd acquired a new position in Intuitive Surgical during the second quarter worth $120,000. Parallel Advisors LLC raised its holdings in Intuitive Surgical by 10.1% during the first quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock worth $129,000 after purchasing an additional 14 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in Intuitive Surgical during the second quarter worth $221,000. 31.41% of the stock is owned by institutional investors and hedge funds.

In other Intuitive Surgical news, SVP Mark J. Meltzer sold 500 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $1,025.00, for a total transaction of $512,500.00. Following the transaction, the senior vice president now directly owns 2,796 shares of the company’s stock, valued at $2,865,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary S. Guthart sold 17,975 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $937.27, for a total transaction of $16,847,428.25. Following the transaction, the chief executive officer now directly owns 101,798 shares in the company, valued at $95,412,211.46. The disclosure for this sale can be found here. Insiders have sold 23,172 shares of company stock worth $21,923,487 over the last three months. Company insiders own 2.20% of the company’s stock.

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Several equities analysts have weighed in on the company. BidaskClub raised Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 23rd. Cantor Fitzgerald assumed coverage on Intuitive Surgical in a research report on Thursday, June 29th. They set a “neutral” rating and a $111.11 price target for the company. Leerink Swann reissued an “outperform” rating on shares of Intuitive Surgical in a research report on Wednesday, July 5th. Canaccord Genuity reissued a “hold” rating and set a $96.67 price target on shares of Intuitive Surgical in a research report on Tuesday, July 11th. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $116.67 price target (up previously from $111.11) on shares of Intuitive Surgical in a research report on Wednesday, July 12th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $152.34.

Shares of Intuitive Surgical, Inc. (ISRG) traded up 3.16% on Friday, hitting $368.76. The company’s stock had a trading volume of 1,699,532 shares. The stock has a market capitalization of $41.10 billion, a P/E ratio of 52.99 and a beta of 0.39. Intuitive Surgical, Inc. has a 52 week low of $203.57 and a 52 week high of $374.89. The stock’s 50 day moving average price is $349.66 and its 200 day moving average price is $312.64.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.78. The firm had revenue of $806.10 million for the quarter, compared to the consensus estimate of $753.25 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The business’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.06 earnings per share. On average, analysts forecast that Intuitive Surgical, Inc. will post $7.93 earnings per share for the current fiscal year.

About Intuitive Surgical

Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.

Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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