Main Street Financial Solutions LLC Has $758,000 Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

by · The Cerbat Gem

Main Street Financial Solutions LLC reduced its position in Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) by 4.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,543 shares of the medical equipment provider’s stock after selling 67 shares during the period. Main Street Financial Solutions LLC’s holdings in Intuitive Surgical were worth $758,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Schrum Private Wealth Management LLC raised its stake in Intuitive Surgical by 6.6% in the 3rd quarter. Schrum Private Wealth Management LLC now owns 2,738 shares of the medical equipment provider’s stock valued at $1,345,000 after acquiring an additional 169 shares during the period. ICICI Prudential Asset Management Co Ltd raised its holdings in Intuitive Surgical by 19.0% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 4,638 shares of the medical equipment provider’s stock valued at $2,279,000 after acquiring an additional 742 shares during the period. Kovack Advisors Inc. lifted its position in Intuitive Surgical by 10.8% during the third quarter. Kovack Advisors Inc. now owns 1,388 shares of the medical equipment provider’s stock worth $682,000 after acquiring an additional 135 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Intuitive Surgical by 2.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 56,155 shares of the medical equipment provider’s stock worth $27,587,000 after acquiring an additional 1,122 shares during the period. Finally, Pinnacle Financial Partners Inc grew its position in shares of Intuitive Surgical by 4.5% in the third quarter. Pinnacle Financial Partners Inc now owns 22,492 shares of the medical equipment provider’s stock valued at $11,050,000 after purchasing an additional 972 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.

Wall Street Analysts Forecast Growth

ISRG has been the subject of several research reports. Royal Bank of Canada lifted their price target on Intuitive Surgical from $525.00 to $555.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Barclays lifted their target price on Intuitive Surgical from $430.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Robert W. Baird upped their price target on shares of Intuitive Surgical from $503.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Stifel Nicolaus raised their price target on shares of Intuitive Surgical from $475.00 to $525.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Truist Financial boosted their price objective on shares of Intuitive Surgical from $520.00 to $570.00 and gave the company a “buy” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intuitive Surgical has a consensus rating of “Moderate Buy” and an average target price of $513.74.

Check Out Our Latest Analysis on ISRG

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, SVP Henry L. Charlton sold 40,243 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $486.84, for a total transaction of $19,591,902.12. Following the completion of the transaction, the senior vice president now owns 3,001 shares in the company, valued at approximately $1,461,006.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Henry L. Charlton sold 40,243 shares of Intuitive Surgical stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $486.84, for a total transaction of $19,591,902.12. Following the completion of the transaction, the senior vice president now owns 3,001 shares of the company’s stock, valued at $1,461,006.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Gary Loeb sold 300 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $475.00, for a total transaction of $142,500.00. Following the sale, the general counsel now directly owns 1,595 shares in the company, valued at $757,625. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,178 shares of company stock worth $45,897,071 over the last ninety days. Insiders own 0.90% of the company’s stock.

Intuitive Surgical Stock Performance

ISRG stock opened at $536.69 on Thursday. The company has a market capitalization of $191.16 billion, a P/E ratio of 86.28, a PEG ratio of 5.28 and a beta of 1.39. The company has a fifty day moving average price of $495.85 and a 200-day moving average price of $455.08. Intuitive Surgical, Inc. has a 52-week low of $287.98 and a 52-week high of $542.59.

Intuitive Surgical (NASDAQ:ISRG – Get Free Report) last announced its earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.32. Intuitive Surgical had a return on equity of 13.41% and a net margin of 28.51%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.01 billion. As a group, sell-side analysts forecast that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current fiscal year.

Intuitive Surgical Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding ISRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report).