Massmutual Trust Co. FSB ADV Has $371,000 Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Massmutual Trust Co. FSB ADV grew its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 7.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 930 shares of the medical equipment provider’s stock after purchasing an additional 67 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Intuitive Surgical were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Intuitive Surgical during the 4th quarter worth approximately $1,313,238,000. WCM Investment Management LLC bought a new position in Intuitive Surgical during the fourth quarter worth $575,536,000. International Assets Investment Management LLC grew its holdings in Intuitive Surgical by 32,360.5% in the fourth quarter. International Assets Investment Management LLC now owns 686,865 shares of the medical equipment provider’s stock worth $231,721,000 after purchasing an additional 684,749 shares during the period. Alphinity Investment Management Pty Ltd increased its stake in Intuitive Surgical by 113.2% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 1,276,158 shares of the medical equipment provider’s stock valued at $430,525,000 after purchasing an additional 677,455 shares in the last quarter. Finally, Coatue Management LLC raised its holdings in shares of Intuitive Surgical by 65.7% during the fourth quarter. Coatue Management LLC now owns 1,301,595 shares of the medical equipment provider’s stock valued at $439,106,000 after purchasing an additional 516,054 shares during the period. Institutional investors own 83.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ISRG shares. The Goldman Sachs Group began coverage on Intuitive Surgical in a research note on Thursday, May 30th. They issued a “buy” rating and a $500.00 price objective for the company. Stifel Nicolaus boosted their price target on shares of Intuitive Surgical from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, April 8th. BTIG Research raised their price objective on shares of Intuitive Surgical from $412.00 to $421.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Robert W. Baird decreased their target price on shares of Intuitive Surgical from $440.00 to $436.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Finally, Jefferies Financial Group upped their target price on shares of Intuitive Surgical from $365.00 to $375.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $403.67.

Insider Transactions at Intuitive Surgical

In related news, Director Craig H. Barratt sold 1,400 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $421.06, for a total transaction of $589,484.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Craig H. Barratt sold 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $421.06, for a total transaction of $589,484.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert Desantis sold 239 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $416.60, for a total transaction of $99,567.40. Following the sale, the executive vice president now directly owns 5,506 shares in the company, valued at approximately $2,293,799.60. The disclosure for this sale can be found here. Insiders sold 17,956 shares of company stock valued at $6,927,011 over the last three months. Company insiders own 0.90% of the company’s stock.

Intuitive Surgical Trading Down 0.6 %

Shares of NASDAQ ISRG opened at $432.55 on Friday. The firm has a market cap of $153.43 billion, a price-to-earnings ratio of 78.08, a price-to-earnings-growth ratio of 5.62 and a beta of 1.39. The stock has a fifty day simple moving average of $396.18 and a two-hundred day simple moving average of $377.36. Intuitive Surgical, Inc. has a 1-year low of $254.85 and a 1-year high of $437.20.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, April 18th. The medical equipment provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.10. Intuitive Surgical had a net margin of 27.16% and a return on equity of 12.91%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. Analysts forecast that Intuitive Surgical, Inc. will post 4.8 EPS for the current year.

About Intuitive Surgical

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.