Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI grew its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 20.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,120 shares of the medical equipment provider's stock after acquiring an additional 1,406 shares during the period. Citizens Financial Group Inc. RI's holdings in Intuitive Surgical were worth $3,989,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Creekmur Asset Management LLC raised its position in shares of Intuitive Surgical by 200.0% during the 1st quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider's stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Ridgewood Investments LLC acquired a new position in shares of Intuitive Surgical during the 2nd quarter worth about $26,000. Godsey & Gibb Inc. raised its position in shares of Intuitive Surgical by 140.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider's stock worth $29,000 after purchasing an additional 35 shares during the last quarter. LRI Investments LLC acquired a new stake in Intuitive Surgical in the 1st quarter valued at about $30,000. Finally, LGT Financial Advisors LLC raised its holdings in Intuitive Surgical by 415.4% in the 2nd quarter. LGT Financial Advisors LLC now owns 67 shares of the medical equipment provider's stock valued at $30,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Mizuho increased their price objective on shares of Intuitive Surgical from $440.00 to $500.00 in a report on Thursday, October 17th. BTIG Research set a $535.00 price objective on shares of Intuitive Surgical in a report on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on shares of Intuitive Surgical from $495.00 to $575.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. Piper Sandler reaffirmed an "overweight" rating and set a $538.00 price target (up previously from $495.00) on shares of Intuitive Surgical in a research report on Friday, October 18th. Finally, Leerink Partners lifted their price target on shares of Intuitive Surgical from $489.00 to $502.00 in a research report on Thursday, October 17th. One 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. According to MarketBeat.com, Intuitive Surgical has an average rating of "Moderate Buy" and a consensus price target of $524.61.

Insider Transactions at Intuitive Surgical

In other news, insider Mark Brosius sold 2,115 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $491.91, for a total transaction of $1,040,389.65. Following the transaction, the insider now directly owns 295 shares in the company, valued at $145,113.45. The trade was a 87.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Robert Desantis sold 396 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $486.88, for a total transaction of $192,804.48. Following the transaction, the executive vice president now owns 5,506 shares in the company, valued at $2,680,761.28. The trade was a 6.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,935 shares of company stock worth $26,305,169 over the last ninety days. 0.90% of the stock is currently owned by company insiders.

Intuitive Surgical Stock Down 0.5 %

ISRG traded down $2.75 on Friday, reaching $547.87. The company had a trading volume of 1,375,432 shares, compared to its average volume of 1,456,271. Intuitive Surgical, Inc. has a 1 year low of $304.50 and a 1 year high of $552.00. The stock has a market capitalization of $195.14 billion, a PE ratio of 88.49, a P/E/G ratio of 5.30 and a beta of 1.39. The stock has a 50-day moving average price of $503.57 and a 200-day moving average price of $461.88.

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, beating analysts' consensus estimates 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. As a group, analysts expect that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current fiscal year.

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.