Vaughan Nelson Investment Management L.P. Acquires 1,070 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Vaughan Nelson Investment Management L.P. raised its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 33.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,260 shares of the medical equipment provider’s stock after purchasing an additional 1,070 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Intuitive Surgical were worth $1,700,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of ISRG. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Intuitive Surgical by 0.3% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,899 shares of the medical equipment provider’s stock valued at $3,002,000 after acquiring an additional 27 shares during the period. Advance Capital Management Inc. raised its stake in shares of Intuitive Surgical by 3.8% in the first quarter. Advance Capital Management Inc. now owns 740 shares of the medical equipment provider’s stock valued at $295,000 after acquiring an additional 27 shares during the period. Sheaff Brock Investment Advisors LLC raised its stake in shares of Intuitive Surgical by 1.3% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 2,226 shares of the medical equipment provider’s stock valued at $751,000 after acquiring an additional 29 shares during the period. Liberty Capital Management Inc. raised its stake in shares of Intuitive Surgical by 3.8% in the fourth quarter. Liberty Capital Management Inc. now owns 815 shares of the medical equipment provider’s stock valued at $275,000 after acquiring an additional 30 shares during the period. Finally, NBC Securities Inc. raised its stake in shares of Intuitive Surgical by 34.4% in the first quarter. NBC Securities Inc. now owns 121 shares of the medical equipment provider’s stock valued at $48,000 after acquiring an additional 31 shares during the period. Institutional investors own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group increased their target price on shares of Intuitive Surgical from $365.00 to $375.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Stifel Nicolaus increased their target price 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 target on shares of Intuitive Surgical from $412.00 to $421.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Robert W. Baird reduced their price target on shares of Intuitive Surgical from $440.00 to $436.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. Finally, Evercore ISI raised their price target on shares of Intuitive Surgical from $385.00 to $425.00 and gave the stock an “in-line” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $404.79.

Intuitive Surgical Price Performance

Shares of Intuitive Surgical stock opened at $438.81 on Wednesday. Intuitive Surgical, Inc. has a 1 year low of $254.85 and a 1 year high of $448.10. The stock has a market cap of $155.65 billion, a price-to-earnings ratio of 79.21, a PEG ratio of 5.75 and a beta of 1.39. The firm’s 50-day moving average is $405.17 and its two-hundred day moving average is $384.28.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, April 18th. The medical equipment provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.10. Intuitive Surgical had a net margin of 27.16% and a return on equity of 12.91%. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the business earned $1.00 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. On average, equities analysts expect that Intuitive Surgical, Inc. will post 4.8 earnings per share for the current year.

Insider Activity

In other news, EVP Robert Desantis sold 1,498 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $369.92, for a total value of $554,140.16. Following the sale, the executive vice president now directly owns 5,507 shares in the company, valued at approximately $2,037,149.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Robert Desantis sold 1,498 shares of Intuitive Surgical stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $369.92, for a total value of $554,140.16. Following the completion of the sale, the executive vice president now directly owns 5,507 shares in the company, valued at approximately $2,037,149.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Myriam Curet sold 5,318 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $370.66, for a total transaction of $1,971,169.88. Following the completion of the sale, the executive vice president now owns 298 shares of the company’s stock, valued at $110,456.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,956 shares of company stock worth $6,927,011. Corporate insiders own 0.90% of the company’s stock.

Intuitive Surgical Company Profile

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.