Curi RMB Capital LLC Boosts Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Curi RMB Capital LLC boosted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 8.1% in the third quarter, Holdings Channel reports. The fund owned 4,837 shares of the medical equipment provider’s stock after purchasing an additional 363 shares during the quarter. Curi RMB Capital LLC’s holdings in Intuitive Surgical were worth $2,376,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Capital World Investors raised its holdings in shares of Intuitive Surgical by 1.0% in the first quarter. Capital World Investors now owns 7,284,269 shares of the medical equipment provider’s stock worth $2,907,079,000 after buying an additional 73,634 shares during the period. Baillie Gifford & Co. raised its holdings in shares of Intuitive Surgical by 0.6% in the third quarter. Baillie Gifford & Co. now owns 3,848,547 shares of the medical equipment provider’s stock worth $1,890,676,000 after buying an additional 24,183 shares during the period. American Century Companies Inc. raised its holdings in shares of Intuitive Surgical by 3.0% in the second quarter. American Century Companies Inc. now owns 2,398,193 shares of the medical equipment provider’s stock worth $1,066,837,000 after buying an additional 70,556 shares during the period. Clearbridge Investments LLC raised its holdings in shares of Intuitive Surgical by 1.6% in the second quarter. Clearbridge Investments LLC now owns 1,981,297 shares of the medical equipment provider’s stock worth $881,380,000 after buying an additional 30,449 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Intuitive Surgical by 15.4% in the second quarter. Assenagon Asset Management S.A. now owns 1,483,406 shares of the medical equipment provider’s stock worth $659,893,000 after buying an additional 197,841 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Insider Transactions at Intuitive Surgical

In related news, EVP Robert Desantis sold 396 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $486.88, for a total value of $192,804.48. Following the transaction, the executive vice president now directly owns 5,506 shares in the company, valued at approximately $2,680,761.28. This trade represents a 6.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Henry L. Charlton sold 40,243 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $486.84, for a total transaction of $19,591,902.12. Following the completion of the transaction, the senior vice president now owns 3,001 shares in the company, valued at $1,461,006.84. The trade was a 93.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 91,178 shares of company stock worth $45,897,071 in the last 90 days. 0.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ISRG shares. Leerink Partners raised their price objective on Intuitive Surgical from $489.00 to $502.00 in a report on Thursday, October 17th. Piper Sandler reiterated an “overweight” rating and set a $538.00 price objective (up previously from $495.00) on shares of Intuitive Surgical in a research note on Friday, October 18th. Evercore ISI restated a “cautious” rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Wells Fargo & Company lifted their price objective on Intuitive Surgical from $466.00 to $549.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Intuitive Surgical in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $513.74.

Intuitive Surgical Price Performance

Intuitive Surgical stock opened at $527.61 on Friday. The firm has a 50 day simple moving average of $498.17 and a 200-day simple moving average of $456.22. The stock has a market capitalization of $187.92 billion, a PE ratio of 84.82, a price-to-earnings-growth ratio of 5.28 and a beta of 1.39. Intuitive Surgical, Inc. has a 12-month low of $295.02 and a 12-month high of $544.38.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.24 by $0.32. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.01 billion. On average, analysts forecast that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current fiscal 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.