Intuitive Surgical, Inc. (ISRG) Shares Bought by Triangle Securities Wealth Management

Triangle Securities Wealth Management increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 196.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 919 shares of the medical equipment provider’s stock after purchasing an additional 609 shares during the quarter. Triangle Securities Wealth Management’s holdings in Intuitive Surgical were worth $335,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ISRG. Neuberger Berman Group LLC increased its position in Intuitive Surgical by 112.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,336 shares of the medical equipment provider’s stock worth $1,250,000 after purchasing an additional 706 shares in the last quarter. Schroder Investment Management Group acquired a new position in Intuitive Surgical during the 2nd quarter worth approximately $14,441,000. Commonwealth Bank of Australia increased its position in Intuitive Surgical by 614.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 921 shares of the medical equipment provider’s stock worth $860,000 after purchasing an additional 792 shares in the last quarter. Martingale Asset Management L P increased its position in Intuitive Surgical by 22.0% during the 2nd quarter. Martingale Asset Management L P now owns 1,663 shares of the medical equipment provider’s stock worth $1,556,000 after purchasing an additional 300 shares in the last quarter. Finally, SVA Plumb Wealth Management LLC increased its position in Intuitive Surgical by 1.6% during the 2nd quarter. SVA Plumb Wealth Management LLC now owns 6,224 shares of the medical equipment provider’s stock worth $5,822,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 32.80% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Wells Fargo & Co restated a “buy” rating on shares of Intuitive Surgical in a research report on Monday, October 16th. Goldman Sachs Group restated a “buy” rating on shares of Intuitive Surgical in a research report on Saturday, November 18th. Wedbush restated an “outperform” rating and issued a $353.33 price target on shares of Intuitive Surgical in a research report on Monday, September 25th. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $409.00 price target for the company in a research report on Wednesday, January 3rd. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $410.00 price target on shares of Intuitive Surgical in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $349.69.

In related news, insider Craig H. Barratt sold 15,000 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $371.18, for a total transaction of $5,567,700.00. Following the transaction, the insider now directly owns 7,500 shares of the company’s stock, valued at $2,783,850. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Curet Myriam sold 262 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $373.00, for a total transaction of $97,726.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,944 shares of company stock valued at $21,432,971. 2.20% of the stock is currently owned by corporate insiders.

Intuitive Surgical, Inc. (NASDAQ ISRG) traded up $26.16 on Wednesday, hitting $423.76. 2,043,497 shares of the stock traded hands, compared to its average volume of 1,093,086. Intuitive Surgical, Inc. has a 52 week low of $217.19 and a 52 week high of $426.98. The firm has a market capitalization of $47,480.00, a PE ratio of 54.75, a PEG ratio of 5.33 and a beta of 0.47.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.78. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The company had revenue of $806.10 million during the quarter, compared to analysts’ expectations of $753.25 million. During the same period in the prior year, the company posted $2.06 earnings per share. Intuitive Surgical’s revenue for the quarter was up 18.0% compared to the same quarter last year. equities research analysts expect that Intuitive Surgical, Inc. will post 7.85 EPS for the current fiscal year.

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Intuitive Surgical Profile

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.

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

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