Koshinski Asset Management Inc. Grows Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Koshinski Asset Management Inc. raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 8.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,748 shares of the medical equipment provider's stock after purchasing an additional 686 shares during the quarter. Koshinski Asset Management Inc.'s holdings in Intuitive Surgical were worth $4,333,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. raised its stake in shares of Intuitive Surgical by 216.7% in the 1st quarter. Valley National Advisers Inc. now owns 190 shares of the medical equipment provider's stock worth $93,000 after buying an additional 130 shares in the last quarter. Ameritas Advisory Services LLC increased its stake in shares of Intuitive Surgical by 5.9% during the 1st quarter. Ameritas Advisory Services LLC now owns 1,724 shares of the medical equipment provider's stock worth $878,000 after purchasing an additional 96 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Intuitive Surgical by 2.0% during the 1st quarter. Amalgamated Bank now owns 79,770 shares of the medical equipment provider's stock worth $39,508,000 after buying an additional 1,599 shares during the period. Crown Wealth Group LLC grew its stake in shares of Intuitive Surgical by 4.8% in the first quarter. Crown Wealth Group LLC now owns 440 shares of the medical equipment provider's stock worth $218,000 after acquiring an additional 20 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its position in shares of Intuitive Surgical by 9.7% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 988 shares of the medical equipment provider's stock worth $489,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 83.64% of the company's stock.

Intuitive Surgical Price Performance

Shares of ISRG stock opened at $543.41 on Tuesday. Intuitive Surgical, Inc. has a 1 year low of $413.82 and a 1 year high of $616.00. The company has a market cap of $194.77 billion, a price-to-earnings ratio of 79.68, a PEG ratio of 5.66 and a beta of 1.67. The firm has a fifty day moving average price of $533.58 and a 200-day moving average price of $536.72.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ISRG shares. BTIG Research set a $560.00 price objective on shares of Intuitive Surgical and gave the company a "buy" rating in a research report on Monday, April 14th. Evercore ISI lowered their price target on shares of Intuitive Surgical from $510.00 to $470.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Royal Bank Of Canada cut their target price on shares of Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Citigroup restated a "buy" rating and set a $650.00 price objective (up previously from $590.00) on shares of Intuitive Surgical in a report on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Intuitive Surgical from a "hold" rating to a "sell" rating and cut their price objective for the company from $515.00 to $440.00 in a report on Monday, June 9th. One investment 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $588.95.

Insiders Place Their Bets

In related news, SVP Mark Brosius sold 216 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $563.11, for a total value of $121,631.76. Following the transaction, the senior vice president owned 907 shares of the company's stock, valued at $510,740.77. This trade represents a 19.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jami K. Nachtsheim sold 2,400 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $520.00, for a total value of $1,248,000.00. Following the completion of the sale, the director owned 6,371 shares of the company's stock, valued at $3,312,920. The trade was a 27.36% decrease in their position. 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 quarter. 0.70% of the stock is currently owned by insiders.

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.

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