Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. grew its position in Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Rating) by 9.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,396 shares of the medical equipment provider’s stock after buying an additional 749 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Intuitive Surgical were worth $1,574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of ISRG. Bogart Wealth LLC boosted its holdings in Intuitive Surgical by 70.1% in the third quarter. Bogart Wealth LLC now owns 148 shares of the medical equipment provider’s stock valued at $28,000 after purchasing an additional 61 shares during the period. Gleason Group Inc. boosted its holdings in Intuitive Surgical by 111.1% in the third quarter. Gleason Group Inc. now owns 190 shares of the medical equipment provider’s stock valued at $36,000 after purchasing an additional 100 shares during the period. CoreCap Advisors LLC purchased a new position in Intuitive Surgical in the second quarter valued at $45,000. Eagle Bay Advisors LLC purchased a new position in Intuitive Surgical in the second quarter valued at $46,000. Finally, Larson Financial Group LLC boosted its holdings in Intuitive Surgical by 59.6% in the third quarter. Larson Financial Group LLC now owns 241 shares of the medical equipment provider’s stock valued at $45,000 after purchasing an additional 90 shares during the period. 81.96% of the stock is owned by institutional investors and hedge funds.

Intuitive Surgical Stock Down 1.1 %

Shares of ISRG stock opened at $237.80 on Friday. The stock has a market capitalization of $83.29 billion, a PE ratio of 64.97, a price-to-earnings-growth ratio of 4.66 and a beta of 1.29. Intuitive Surgical, Inc. has a 52-week low of $180.07 and a 52-week high of $308.97. The stock’s 50-day moving average price is $244.17 and its 200 day moving average price is $238.37.

Intuitive Surgical (NASDAQ:ISRG – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The medical equipment provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.02). The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. Intuitive Surgical had a net margin of 21.25% and a return on equity of 11.27%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.30 EPS. Analysts expect that Intuitive Surgical, Inc. will post 4.21 earnings per share for the current fiscal year.

Insider Activity at Intuitive Surgical

In related news, EVP Robert Desantis sold 1,629 shares of the business’s stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $250.00, for a total value of $407,250.00. Following the transaction, the executive vice president now owns 6,769 shares in the company, valued at approximately $1,692,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intuitive Surgical news, EVP David J. Rosa sold 45,025 shares of the business’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $250.53, for a total transaction of $11,280,113.25. Following the transaction, the executive vice president now owns 125,385 shares in the company, valued at approximately $31,412,704.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Desantis sold 1,629 shares of the business’s stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $250.00, for a total value of $407,250.00. Following the transaction, the executive vice president now owns 6,769 shares in the company, valued at approximately $1,692,250. The disclosure for this sale can be found here. Insiders have sold 82,396 shares of company stock worth $20,438,478 in the last quarter. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

ISRG has been the subject of a number of recent research reports. Argus lifted their target price on Intuitive Surgical from $265.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, December 22nd. BTIG Research decreased their price target on Intuitive Surgical from $316.00 to $279.00 and set a “buy” rating for the company in a report on Wednesday, January 25th. Barclays lifted their price target on Intuitive Surgical from $235.00 to $298.00 in a report on Wednesday, January 4th. Wells Fargo & Company decreased their price target on Intuitive Surgical from $305.00 to $289.00 and set an “overweight” rating for the company in a report on Wednesday, January 25th. Finally, Truist Financial decreased their price target on Intuitive Surgical from $310.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, January 25th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $273.83.

Intuitive Surgical Profile

(Get Rating)

Intuitive Surgical, Inc engages in the provision of robotic-assisted surgical solutions and invasive care through a comprehensive ecosystem of products and services. Its products include Da Vinci Surgical and Ion Endoluminal systems. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G.