Sowell Financial Services LLC Takes Position in Intuitive Surgical, Inc. (ISRG)

Sowell Financial Services LLC bought a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,485 shares of the medical equipment provider’s stock, valued at approximately $852,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ISRG. Adviser Investments LLC bought a new stake in shares of Intuitive Surgical in the 2nd quarter worth about $115,000. Signet Financial Management LLC bought a new stake in shares of Intuitive Surgical in the 2nd quarter worth about $115,000. Arrow Financial Corp bought a new stake in shares of Intuitive Surgical in the 3rd quarter worth about $115,000. JNBA Financial Advisors bought a new stake in shares of Intuitive Surgical in the 3rd quarter worth about $115,000. Finally, Pendal Group Ltd bought a new stake in shares of Intuitive Surgical in the 3rd quarter worth about $118,000. 83.68% of the stock is owned by institutional investors.

NASDAQ ISRG opened at $530.87 on Friday. Intuitive Surgical, Inc. has a one year low of $359.75 and a one year high of $581.12. The stock has a market capitalization of $59.49 billion, a PE ratio of 73.83, a price-to-earnings-growth ratio of 3.77 and a beta of 1.02.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, October 18th. The medical equipment provider reported $2.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.66 by $0.17. Intuitive Surgical had a net margin of 22.31% and a return on equity of 18.79%. The business had revenue of $920.90 million during the quarter, compared to analyst estimates of $916.22 million. During the same period in the previous year, the business posted $2.77 EPS. The company’s quarterly revenue was up 14.0% on a year-over-year basis. Analysts anticipate that Intuitive Surgical, Inc. will post 9.52 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Co boosted their target price on shares of Intuitive Surgical from $575.00 to $635.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 12th. Piper Jaffray Companies raised shares of Intuitive Surgical from a “neutral” rating to an “overweight” rating and set a $600.00 target price for the company in a research report on Tuesday, October 9th. BidaskClub downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 22nd. Raymond James lifted their price target on shares of Intuitive Surgical from $620.00 to $630.00 and gave the company an “outperform” rating in a report on Friday, October 19th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $560.00 price target on shares of Intuitive Surgical in a report on Friday, October 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $552.41.

In other Intuitive Surgical news, COO Salvatore Brogna sold 2,652 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $557.39, for a total transaction of $1,478,198.28. Following the completion of the transaction, the chief operating officer now directly owns 2,049 shares of the company’s stock, valued at approximately $1,142,092.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lonnie M. Smith sold 225 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $540.04, for a total transaction of $121,509.00. Following the transaction, the director now directly owns 379,175 shares of the company’s stock, valued at $204,769,667. The disclosure for this sale can be found here. Insiders have sold a total of 46,811 shares of company stock valued at $23,867,297 over the last three months. 2.20% of the stock is currently owned by company insiders.

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Intuitive Surgical Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural hand movements, which are performed on instrument controls at a console into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.

Read More: Capital Gains

Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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