Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Bought by Napa Wealth Management

Napa Wealth Management increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 382.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,049 shares of the medical equipment provider's stock after acquiring an additional 2,417 shares during the quarter. Napa Wealth Management's holdings in Intuitive Surgical were worth $1,498,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ridgewood Investments LLC purchased a new position in shares of Intuitive Surgical in the 2nd quarter worth $26,000. Godsey & Gibb Inc. increased its stake in Intuitive Surgical by 140.0% during the third quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider's stock worth $29,000 after acquiring an additional 35 shares during the last quarter. Creekmur Asset Management LLC increased its stake in Intuitive Surgical by 200.0% during the first quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider's stock worth $25,000 after acquiring an additional 42 shares during the last quarter. LGT Financial Advisors LLC raised its position in Intuitive Surgical by 415.4% during the second quarter. LGT Financial Advisors LLC now owns 67 shares of the medical equipment provider's stock valued at $30,000 after purchasing an additional 54 shares during the period. Finally, LRI Investments LLC bought a new stake in shares of Intuitive Surgical in the 1st quarter valued at approximately $30,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Intuitive Surgical Stock Up 0.8 %

Shares of Intuitive Surgical stock traded up $4.03 during trading on Monday, reaching $531.64. The company's stock had a trading volume of 1,257,406 shares, compared to its average volume of 1,460,371. Intuitive Surgical, Inc. has a 1-year low of $304.50 and a 1-year high of $544.38. The company has a 50-day simple moving average of $499.29 and a two-hundred day simple moving average of $458.50. The company has a market cap of $189.36 billion, a price-to-earnings ratio of 84.82, a P/E/G ratio of 5.19 and a beta of 1.39.

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

Analysts Set New Price Targets

ISRG has been the subject of several recent analyst reports. Truist Financial lifted their price objective on shares of Intuitive Surgical from $520.00 to $570.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. Piper Sandler reissued an "overweight" rating and issued a $538.00 price objective (up from $495.00) on shares of Intuitive Surgical in a research report on Friday, October 18th. Leerink Partners boosted their target price on Intuitive Surgical from $489.00 to $502.00 in a research report on Thursday, October 17th. Citigroup upped their target price on Intuitive Surgical from $512.00 to $560.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. Finally, Raymond James raised their price target on Intuitive Surgical from $500.00 to $540.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Intuitive Surgical presently has an average rating of "Moderate Buy" and an average target price of $524.61.

Insiders Place Their Bets

In related news, EVP Robert Desantis sold 396 shares of the firm's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $486.88, for a total transaction of $192,804.48. Following the completion of the transaction, the executive vice president now owns 5,506 shares of the company's stock, valued at $2,680,761.28. This trade represents a 6.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jamie Samath sold 269 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $539.89, for a total value of $145,230.41. Following the sale, the insider now directly owns 8,757 shares in the company, valued at $4,727,816.73. This represents a 2.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,178 shares of company stock valued at $45,897,071. Insiders own 0.90% of the company's stock.

Intuitive Surgical Company 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.