Dogwood Wealth Management LLC Makes New $645,000 Investment in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Dogwood Wealth Management LLC acquired a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,302 shares of the medical equipment provider's stock, valued at approximately $645,000.

Several other large investors also recently added to or reduced their stakes in the stock. Atala Financial Inc purchased a new position in shares of Intuitive Surgical during the 4th quarter worth $25,000. Hurley Capital LLC purchased a new position in shares of Intuitive Surgical during the 4th quarter worth approximately $28,000. Parvin Asset Management LLC purchased a new stake in shares of Intuitive Surgical in the 4th quarter valued at $26,000. Chilton Capital Management LLC boosted its stake in shares of Intuitive Surgical by 614.3% in the first quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider's stock valued at $25,000 after purchasing an additional 43 shares during the period. Finally, Global Financial Private Client LLC increased its position in shares of Intuitive Surgical by 253.3% during the first quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock worth $26,000 after acquiring an additional 38 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ISRG has been the subject of a number of analyst reports. Barclays lowered their price objective on Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Piper Sandler lowered their price target on shares of Intuitive Surgical from $670.00 to $575.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Erste Group Bank raised shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. BTIG Research set a $560.00 target price on Intuitive Surgical and gave the company a "buy" rating in a report on Monday, April 14th. Finally, Citigroup reaffirmed a "buy" rating and set a $650.00 price target (up from $590.00) on shares of Intuitive Surgical in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $592.59.

Insider Buying and Selling

In other news, SVP Mark Brosius sold 216 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $563.11, for a total transaction of $121,631.76. Following the completion of the sale, the senior vice president owned 907 shares in the company, valued at $510,740.77. This represents a 19.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert Desantis sold 188 shares of Intuitive Surgical stock in a transaction on Monday, April 28th. The shares were sold at an average price of $515.91, for a total transaction of $96,991.08. Following the completion of the transaction, the executive vice president owned 5,224 shares in the company, valued at approximately $2,695,113.84. This trade represents a 3.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,998 shares of company stock valued at $2,611,577 over the last 90 days. Insiders own 0.70% of the company's stock.

Intuitive Surgical Price Performance

Shares of ISRG traded up $0.83 during mid-day trading on Wednesday, reaching $528.13. 1,380,875 shares of the company's stock were exchanged, compared to its average volume of 1,670,939. The business's fifty day simple moving average is $537.77 and its 200-day simple moving average is $536.93. The stock has a market capitalization of $189.29 billion, a PE ratio of 77.44, a price-to-earnings-growth ratio of 5.67 and a beta of 1.64. Intuitive Surgical, Inc. has a 52-week low of $413.82 and a 52-week high of $616.00.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The medical equipment provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.10. Intuitive Surgical had a net margin of 28.41% and a return on equity of 14.43%. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the business posted $1.50 earnings per share. Equities research analysts predict that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current 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.