Algert Global LLC Purchases Shares of 4,046 Intuitive Surgical, Inc. (NASDAQ:ISRG)

Algert Global LLC purchased a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,046 shares of the medical equipment provider's stock, valued at approximately $1,988,000.

Several other institutional investors also recently modified their holdings of ISRG. Hazlett Burt & Watson Inc. grew its holdings in shares of Intuitive Surgical by 5.8% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 362 shares of the medical equipment provider's stock worth $177,000 after purchasing an additional 20 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of Intuitive Surgical by 4.1% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 503 shares of the medical equipment provider's stock valued at $247,000 after acquiring an additional 20 shares during the last quarter. Ullmann Wealth Partners Group LLC boosted its holdings in shares of Intuitive Surgical by 1.6% in the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 1,329 shares of the medical equipment provider's stock worth $653,000 after acquiring an additional 21 shares in the last quarter. Meeder Advisory Services Inc. grew its position in Intuitive Surgical by 0.3% during the 3rd quarter. Meeder Advisory Services Inc. now owns 7,386 shares of the medical equipment provider's stock worth $3,629,000 after acquiring an additional 22 shares during the last quarter. Finally, One Wealth Management Investment & Advisory Services LLC raised its position in Intuitive Surgical by 3.4% in the 2nd quarter. One Wealth Management Investment & Advisory Services LLC now owns 697 shares of the medical equipment provider's stock valued at $310,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 83.64% of the company's stock.

Intuitive Surgical Trading Down 0.7 %

ISRG stock opened at $538.55 on Thursday. Intuitive Surgical, Inc. has a 1 year low of $304.50 and a 1 year high of $552.00. The stock has a 50-day moving average price of $507.94 and a two-hundred day moving average price of $466.79. The stock has a market cap of $191.82 billion, a PE ratio of 86.58, a price-to-earnings-growth ratio of 5.28 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.24 by $0.32. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. The business had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $2.01 billion. On average, analysts forecast that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Jamie Samath sold 108 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $542.06, for a total value of $58,542.48. Following the completion of the sale, the chief financial officer now directly owns 8,757 shares in the company, valued at approximately $4,746,819.42. This trade represents a 1.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Robert Desantis sold 188 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $506.52, for a total value of $95,225.76. Following the transaction, the executive vice president now directly owns 5,506 shares in the company, valued at approximately $2,788,899.12. This trade represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,459 shares of company stock valued at $26,080,251 in the last 90 days. 0.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ISRG. Oppenheimer restated a "market perform" rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Royal Bank of Canada boosted their price target on shares of Intuitive Surgical from $525.00 to $555.00 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Leerink Partners lifted their target price on shares of Intuitive Surgical from $489.00 to $502.00 in a report on Thursday, October 17th. Evercore ISI reissued a "cautious" rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Finally, BTIG Research boosted their target price on Intuitive Surgical from $535.00 to $561.00 and gave the stock a "buy" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $526.06.

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.