Intuitive Surgical, Inc. $ISRG Shares Bought by Nicola Wealth Management LTD.

Key Points

• Nicola Wealth Management LTD. has increased its holdings in Intuitive Surgical, Inc. by 100.0% in the first quarter, acquiring an additional 11,000 shares, bringing its total to 22,000 shares valued at approximately $10.9 million.
• A significant number of institutional investors are investing in Intuitive Surgical, with 83.64% of the company's stock now owned by such investors.
• Intuitive Surgical reported a strong performance in its quarterly earnings with $2.19 EPS and revenue of $2.44 billion, surpassing expectations and marking a 21.4% increase compared to the same quarter last year.

Nicola Wealth Management LTD. raised its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 100.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,000 shares of the medical equipment provider's stock after acquiring an additional 11,000 shares during the quarter. Nicola Wealth Management LTD.'s holdings in Intuitive Surgical were worth $10,896,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cim LLC lifted its holdings in Intuitive Surgical by 30.5% in the first quarter. Cim LLC now owns 39,911 shares of the medical equipment provider's stock valued at $19,767,000 after acquiring an additional 9,334 shares during the period. CBIZ Investment Advisory Services LLC grew its holdings in shares of Intuitive Surgical by 49.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the medical equipment provider's stock worth $41,000 after acquiring an additional 27 shares during the period. Invst LLC acquired a new stake in shares of Intuitive Surgical in the 1st quarter worth approximately $888,000. Modern Wealth Management LLC grew its holdings in shares of Intuitive Surgical by 4.5% in the 1st quarter. Modern Wealth Management LLC now owns 1,014 shares of the medical equipment provider's stock worth $502,000 after acquiring an additional 44 shares during the period. Finally, Silicon Valley Capital Partners grew its holdings in shares of Intuitive Surgical by 7,225.4% in the 1st quarter. Silicon Valley Capital Partners now owns 18,167 shares of the medical equipment provider's stock worth $8,935,000 after acquiring an additional 17,919 shares during the period. Institutional investors and hedge funds own 83.64% of the company's stock.

Insider Buying and Selling

In related news, EVP Myriam Curet sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $492.48, for a total transaction of $2,216,160.00. Following the sale, the executive vice president owned 353 shares in the company, valued at approximately $173,845.44. This trade represents a 92.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy L. Ladd sold 335 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $440.69, for a total transaction of $147,631.15. Following the sale, the director owned 739 shares in the company, valued at approximately $325,669.91. This trade represents a 31.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,224 shares of company stock worth $21,716,492. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ISRG shares. BTIG Research upped their price target on Intuitive Surgical from $566.00 to $571.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Citigroup restated a "buy" rating and issued a $650.00 price target (up previously from $590.00) on shares of Intuitive Surgical in a report on Thursday, May 22nd. Zacks Research cut Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Royal Bank Of Canada restated an "outperform" rating and issued a $615.00 price target on shares of Intuitive Surgical in a report on Tuesday, August 19th. Finally, Evercore ISI upped their price target on Intuitive Surgical from $470.00 to $550.00 and gave the stock an "in-line" rating in a report on Tuesday, July 8th. Thirteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $595.95.

Intuitive Surgical Price Performance

Shares of Intuitive Surgical stock opened at $455.85 on Friday. The company has a market capitalization of $163.41 billion, a P/E ratio of 63.58, a P/E/G ratio of 4.72 and a beta of 1.61. The business has a 50 day moving average price of $487.55 and a 200 day moving average price of $509.57. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $616.00.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The medical equipment provider reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $0.26. The firm had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.35 billion. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The firm's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.78 EPS. As a group, research analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal 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.

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