Highlander Capital Management LLC Invests $1.20 Million in Intuitive Surgical, Inc. (ISRG)

Highlander Capital Management LLC bought a new stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,000 shares of the medical equipment provider’s stock, valued at approximately $1,197,000.

Other large investors also recently bought and sold shares of the company. Stratos Wealth Partners LTD. grew its holdings in Intuitive Surgical by 20.4% in the 1st quarter. Stratos Wealth Partners LTD. now owns 680 shares of the medical equipment provider’s stock worth $281,000 after buying an additional 115 shares in the last quarter. US Bancorp DE grew its holdings in Intuitive Surgical by 0.8% in the 1st quarter. US Bancorp DE now owns 17,914 shares of the medical equipment provider’s stock worth $7,396,000 after buying an additional 141 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Intuitive Surgical by 3.5% in the 1st quarter. Thrivent Financial for Lutherans now owns 4,676 shares of the medical equipment provider’s stock worth $1,930,000 after buying an additional 159 shares in the last quarter. Zeke Capital Advisors LLC grew its holdings in Intuitive Surgical by 7.7% in the 1st quarter. Zeke Capital Advisors LLC now owns 2,377 shares of the medical equipment provider’s stock worth $981,000 after buying an additional 169 shares in the last quarter. Finally, Lyell Wealth Management LP grew its holdings in Intuitive Surgical by 2.8% in the 1st quarter. Lyell Wealth Management LP now owns 6,606 shares of the medical equipment provider’s stock worth $2,727,000 after buying an additional 180 shares in the last quarter. 85.52% of the stock is owned by institutional investors.

A number of equities analysts recently issued reports on ISRG shares. Bank of America increased their price objective on Intuitive Surgical from $465.00 to $510.00 and gave the stock a “buy” rating in a report on Wednesday, April 18th. Vetr lowered Intuitive Surgical from a “strong-buy” rating to a “buy” rating and set a $454.14 price objective for the company. in a report on Tuesday, April 10th. Leerink Swann reissued an “outperform” rating and issued a $510.00 price objective (up from $475.00) on shares of Intuitive Surgical in a report on Wednesday, April 18th. Cantor Fitzgerald increased their price objective on Intuitive Surgical to $510.00 and gave the stock an “overweight” rating in a report on Wednesday, April 18th. Finally, Stifel Nicolaus increased their price target on Intuitive Surgical from $480.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, April 18th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $458.22.

In other news, SVP Mark J. Meltzer sold 6,000 shares of the stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $483.65, for a total transaction of $2,901,900.00. Following the completion of the sale, the senior vice president now owns 11,552 shares in the company, valued at approximately $5,587,124.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lonnie M. Smith sold 265 shares of the stock in a transaction on Monday, May 14th. The shares were sold at an average price of $465.13, for a total value of $123,259.45. Following the sale, the director now owns 466,470 shares of the company’s stock, valued at approximately $216,969,191.10. The disclosure for this sale can be found here. Insiders have sold a total of 170,767 shares of company stock valued at $77,995,219 in the last quarter. Insiders own 2.20% of the company’s stock.

Shares of NASDAQ:ISRG traded up $4.87 on Thursday, reaching $495.34. 7,450 shares of the company traded hands, compared to its average volume of 863,323. Intuitive Surgical, Inc. has a fifty-two week low of $297.35 and a fifty-two week high of $496.92. The company has a market capitalization of $55.60 billion, a PE ratio of 68.77, a price-to-earnings-growth ratio of 4.59 and a beta of 0.57.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Tuesday, April 17th. The medical equipment provider reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.37. Intuitive Surgical had a return on equity of 20.72% and a net margin of 23.25%. The company had revenue of $848.00 million during the quarter, compared to the consensus estimate of $773.20 million. During the same quarter in the prior year, the firm earned $5.09 EPS. The company’s quarterly revenue was up 25.8% compared to the same quarter last year. research analysts expect that Intuitive Surgical, Inc. will post 8.84 earnings per share for the current fiscal year.

About Intuitive Surgical

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.

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).

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

Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply