Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Bought by Brookstone Capital Management

Brookstone Capital Management raised its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 18.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,389 shares of the medical equipment provider's stock after purchasing an additional 3,287 shares during the quarter. Brookstone Capital Management's holdings in Intuitive Surgical were worth $10,593,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Atala Financial Inc purchased a new position in Intuitive Surgical during the fourth quarter valued at $25,000. Parvin Asset Management LLC bought a new position in shares of Intuitive Surgical during the 4th quarter worth $26,000. Global Financial Private Client LLC raised its stake in Intuitive Surgical by 253.3% in the first quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock valued at $26,000 after buying an additional 38 shares during the last quarter. Hurley Capital LLC purchased a new position in Intuitive Surgical during the fourth quarter valued at approximately $28,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Intuitive Surgical in the fourth quarter worth approximately $30,000. Institutional investors own 83.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ISRG shares. Deutsche Bank Aktiengesellschaft cut Intuitive Surgical from a "hold" rating to a "sell" rating and decreased their target price for the company from $515.00 to $440.00 in a research report on Monday, June 9th. Truist Financial cut their price objective on Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Erste Group Bank raised Intuitive Surgical from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. BTIG Research set a $560.00 target price on Intuitive Surgical and gave the stock a "buy" rating in a research report on Monday, April 14th. Finally, Barclays dropped their target price on Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. One 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $588.95.

Insider Activity at Intuitive Surgical

In other news, SVP Mark Brosius sold 216 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $563.11, for a total transaction of $121,631.76. Following the transaction, the senior vice president owned 907 shares of the company's stock, valued at approximately $510,740.77. The trade was a 19.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Gary Loeb sold 1,700 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $513.18, for a total value of $872,406.00. Following the completion of the transaction, the executive vice president directly owned 2,245 shares of the company's stock, valued at $1,152,089.10. This trade represents a 43.09% 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 ninety days. Company insiders own 0.70% of the company's stock.

Intuitive Surgical Stock Down 1.9%

ISRG traded down $10.34 during midday trading on Monday, hitting $534.13. The company had a trading volume of 623,505 shares, compared to its average volume of 1,668,682. Intuitive Surgical, Inc. has a 52 week low of $413.82 and a 52 week high of $616.00. The company has a market capitalization of $191.44 billion, a price-to-earnings ratio of 78.42, a PEG ratio of 5.78 and a beta of 1.64. The stock's 50 day moving average price is $537.11 and its 200 day moving average price is $536.92.

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