492 Shares in Intuitive Surgical (ISRG) Acquired by WESPAC Advisors LLC

WESPAC Advisors LLC purchased a new stake in shares of Intuitive Surgical (NASDAQ:ISRG) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 492 shares of the medical equipment provider’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. boosted its position in Intuitive Surgical by 197.3% during the 4th quarter. BlackRock Inc. now owns 7,949,410 shares of the medical equipment provider’s stock valued at $2,901,058,000 after buying an additional 5,275,323 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Intuitive Surgical by 170.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,646,522 shares of the medical equipment provider’s stock worth $1,330,761,000 after purchasing an additional 2,295,998 shares during the period. Alliancebernstein L.P. lifted its position in shares of Intuitive Surgical by 175.6% in the 4th quarter. Alliancebernstein L.P. now owns 1,692,967 shares of the medical equipment provider’s stock worth $617,831,000 after purchasing an additional 1,078,675 shares during the period. Renaissance Technologies LLC lifted its position in shares of Intuitive Surgical by 236.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,440,600 shares of the medical equipment provider’s stock worth $525,733,000 after purchasing an additional 1,012,000 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Intuitive Surgical by 162.2% in the 4th quarter. American Century Companies Inc. now owns 1,426,348 shares of the medical equipment provider’s stock worth $520,531,000 after purchasing an additional 882,255 shares during the period. 87.70% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the stock. ValuEngine raised shares of Intuitive Surgical from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $532.00 target price for the company in a research report on Monday, April 23rd. Bank of America raised their target price on shares of Intuitive Surgical from $465.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, April 18th. Canaccord Genuity raised their target price on shares of Intuitive Surgical from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, April 18th. Finally, Royal Bank of Canada set a $460.00 target price on shares of Intuitive Surgical and gave the stock a “hold” rating in a research report on Wednesday, April 18th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $457.59.

Shares of NASDAQ ISRG opened at $457.92 on Friday. Intuitive Surgical has a 1 year low of $455.00 and a 1 year high of $461.55. The stock has a market cap of $52.23 billion, a P/E ratio of 63.69, a price-to-earnings-growth ratio of 4.31 and a beta of 0.56.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Tuesday, April 17th. The medical equipment provider reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.37. Intuitive Surgical had a net margin of 23.25% and a return on equity of 20.72%. The company had revenue of $848.00 million during the quarter, compared to analysts’ expectations of $773.20 million. During the same period last year, the company posted $5.09 EPS. Intuitive Surgical’s revenue was up 25.8% on a year-over-year basis. equities analysts anticipate that Intuitive Surgical will post 8.84 earnings per share for the current year.

In related news, Director Lonnie M. Smith sold 265 shares of Intuitive Surgical stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $465.13, for a total transaction of $123,259.45. Following the completion of the transaction, the director now directly owns 466,470 shares of the company’s stock, valued at approximately $216,969,191.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Mark J. Meltzer sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $419.98, for a total transaction of $2,519,880.00. Following the sale, the senior vice president now owns 11,552 shares of the company’s stock, valued at $4,851,608.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 196,777 shares of company stock valued at $88,442,993. 2.20% of the stock is currently owned by corporate insiders.

Intuitive Surgical Company 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.

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

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