Northwestern Mutual Wealth Management Co. Acquires 11,392 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 488.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,725 shares of the medical equipment provider’s stock after purchasing an additional 11,392 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Intuitive Surgical were worth $6,797,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Wealthspire Advisors L.P. raised its stake in Intuitive Surgical by 2.4% during the 4th quarter. Wealthspire Advisors L.P. now owns 736 shares of the medical equipment provider’s stock valued at $435,000 after purchasing an additional 17 shares during the period. Lindbrook Capital LLC grew its holdings in Intuitive Surgical by 3.6% during the 4th quarter. Lindbrook Capital LLC now owns 521 shares of the medical equipment provider’s stock valued at $308,000 after buying an additional 18 shares in the last quarter. Moody Lynn & Lieberson LLC grew its holdings in Intuitive Surgical by 0.3% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 6,217 shares of the medical equipment provider’s stock valued at $3,675,000 after buying an additional 18 shares in the last quarter. Redwood Investments LLC grew its holdings in Intuitive Surgical by 0.4% during the 4th quarter. Redwood Investments LLC now owns 4,135 shares of the medical equipment provider’s stock valued at $2,444,000 after buying an additional 18 shares in the last quarter. Finally, TCI Wealth Advisors Inc. grew its holdings in Intuitive Surgical by 9.2% during the 4th quarter. TCI Wealth Advisors Inc. now owns 225 shares of the medical equipment provider’s stock valued at $133,000 after buying an additional 19 shares in the last quarter. 85.09% of the stock is currently owned by institutional investors.

ISRG opened at $562.80 on Friday. The business has a fifty day moving average of $510.90 and a 200 day moving average of $549.84. Intuitive Surgical, Inc. has a 52-week low of $360.50 and a 52-week high of $619.00. The stock has a market cap of $63.67 billion, a P/E ratio of 48.48, a PEG ratio of 12.33 and a beta of 0.91.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, April 16th. The medical equipment provider reported $2.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.54 by $0.15. Intuitive Surgical had a return on equity of 17.40% and a net margin of 30.11%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the business earned $2.61 EPS. Intuitive Surgical’s revenue was up 12.9% compared to the same quarter last year. Sell-side analysts anticipate that Intuitive Surgical, Inc. will post 6.78 EPS for the current fiscal year.

Several equities analysts have weighed in on the company. Canaccord Genuity cut their price target on Intuitive Surgical from $655.00 to $562.00 and set a “buy” rating for the company in a report on Friday, April 17th. JPMorgan Chase & Co. cut their price target on Intuitive Surgical from $665.00 to $575.00 and set an “overweight” rating for the company in a report on Tuesday, March 17th. Raymond James cut their price target on Intuitive Surgical from $660.00 to $600.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Evercore ISI cut Intuitive Surgical from an “in-line” rating to an “underperform” rating in a report on Sunday, April 19th. Finally, Oppenheimer restated a “sell” rating and set a $365.00 price target on shares of Intuitive Surgical in a report on Tuesday, April 28th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $572.50.

In other Intuitive Surgical news, Director Amal M. Johnson sold 3,000 shares of Intuitive Surgical stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $550.00, for a total transaction of $1,650,000.00. Following the completion of the sale, the director now directly owns 12,468 shares of the company’s stock, valued at approximately $6,857,400. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jamie Samath sold 248 shares of Intuitive Surgical stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $506.18, for a total value of $125,532.64. Following the sale, the senior vice president now directly owns 385 shares of the company’s stock, valued at $194,879.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,034 shares of company stock valued at $7,381,613. 1.60% of the stock is owned by company insiders.

Intuitive Surgical Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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

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