Capital International Inc. CA Has $18.94 Million Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Capital International Inc. CA lifted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 47,458 shares of the medical equipment provider’s stock after purchasing an additional 1,608 shares during the quarter. Capital International Inc. CA’s holdings in Intuitive Surgical were worth $18,940,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Wealthsource Partners LLC bought a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $207,000. CVA Family Office LLC bought a new position in Intuitive Surgical during the fourth quarter worth $172,000. Portside Wealth Group LLC boosted its position in Intuitive Surgical by 8.2% during the fourth quarter. Portside Wealth Group LLC now owns 816 shares of the medical equipment provider’s stock worth $275,000 after purchasing an additional 62 shares during the period. Pacer Advisors Inc. raised its position in shares of Intuitive Surgical by 13.1% in the fourth quarter. Pacer Advisors Inc. now owns 49,950 shares of the medical equipment provider’s stock valued at $16,851,000 after purchasing an additional 5,803 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of Intuitive Surgical by 6.1% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 3,000 shares of the medical equipment provider’s stock worth $1,012,000 after buying an additional 172 shares during the last quarter. 83.64% of the stock is owned by institutional investors.

Insider Buying and Selling at Intuitive Surgical

In other news, Director Craig H. Barratt sold 1,400 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $458.13, for a total value of $641,382.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Myriam Curet sold 2,818 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $458.13, for a total value of $1,291,010.34. Following the sale, the executive vice president now directly owns 298 shares in the company, valued at approximately $136,522.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig H. Barratt sold 1,400 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $458.13, for a total value of $641,382.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,358 shares of company stock worth $5,592,694. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

ISRG has been the topic of several research analyst reports. BTIG Research increased their price target on shares of Intuitive Surgical from $451.00 to $459.00 and gave the company a “buy” rating in a report on Monday, July 15th. Barclays increased their target price on Intuitive Surgical from $430.00 to $490.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Citigroup increased their price objective on Intuitive Surgical from $462.00 to $512.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. raised their price target on shares of Intuitive Surgical from $475.00 to $495.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Finally, Truist Financial increased their target price on shares of Intuitive Surgical from $450.00 to $515.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $438.74.

Intuitive Surgical Stock Up 1.0 %

NASDAQ:ISRG traded up $4.56 during trading hours on Friday, reaching $441.30. The company had a trading volume of 1,196,520 shares, compared to its average volume of 1,561,998. The business’s 50-day simple moving average is $427.82 and its two-hundred day simple moving average is $398.08. Intuitive Surgical, Inc. has a twelve month low of $254.85 and a twelve month high of $468.78. The firm has a market cap of $156.82 billion, a price-to-earnings ratio of 79.66, a P/E/G ratio of 5.00 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, July 18th. The medical equipment provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.24. Intuitive Surgical had a net margin of 27.65% and a return on equity of 13.04%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the firm posted $1.18 EPS. Intuitive Surgical’s revenue was up 14.5% compared to the same quarter last year. As a group, equities analysts predict that Intuitive Surgical, Inc. will post 5.22 earnings per share for the current year.

About Intuitive Surgical

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.