568 Shares in Intuitive Surgical, Inc. $ISRG Purchased by Associated Banc Corp

Associated Banc Corp acquired 568 shares of Intuitive Surgical, Inc. in Q2, valued at $309,000. Other institutional investors also increased their stakes. Intuitive Surgical reported strong quarterly earnings, surpassing estimates with $2.40 EPS and $2.51 billion revenue. Insiders sold significant shares recently. Analysts upgraded ISRG to a "strong-buy" rating, highlighting its potential for long-term investors.

Associated Banc Corp bought a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 568 shares of the medical equipment provider's stock, valued at approximately $309,000.

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$134M in Insider Moves: What It Might Mean for KMI, ISRG and QS

A number of other institutional investors and hedge funds have also made changes to their positions in ISRG. Advisors Asset Management Inc. grew its stake in Intuitive Surgical by 11.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 23,915 shares of the medical equipment provider's stock worth $12,996,000 after buying an additional 2,401 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in shares of Intuitive Surgical by 59,676.0% during the second quarter. Laurel Wealth Advisors LLC now owns 29,888 shares of the medical equipment provider's stock valued at $16,241,000 after acquiring an additional 29,838 shares during the period. Edmond DE Rothschild Holding S.A. grew its position in shares of Intuitive Surgical by 19.1% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 1,167 shares of the medical equipment provider's stock worth $634,000 after acquiring an additional 187 shares during the last quarter. Aviso Financial Inc. increased its holdings in shares of Intuitive Surgical by 29.8% in the 2nd quarter. Aviso Financial Inc. now owns 1,847 shares of the medical equipment provider's stock worth $1,004,000 after acquiring an additional 424 shares during the period. Finally, CreativeOne Wealth LLC increased its holdings in shares of Intuitive Surgical by 10.1% in the 2nd quarter. CreativeOne Wealth LLC now owns 6,027 shares of the medical equipment provider's stock worth $3,275,000 after acquiring an additional 555 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Surgical Stock Performance

Intuitive Surgical stock opened at $574.23 on Thursday. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $616.00. The firm's 50 day moving average price is $500.48 and its two-hundred day moving average price is $504.89. The firm has a market cap of $205.85 billion, a price-to-earnings ratio of 75.96, a price-to-earnings-growth ratio of 4.94 and a beta of 1.62.

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Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.41. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.41 billion. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The company's revenue was up 22.9% compared to the same quarter last year. During the same period last year, the company posted $1.84 EPS. As a group, equities analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Insider Activity

In other Intuitive Surgical news, EVP Brian Edward Miller sold 3,500 shares of the company's stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $575.00, for a total transaction of $2,012,500.00. Following the completion of the sale, the executive vice president directly owned 5,758 shares of the company's stock, valued at approximately $3,310,850. This represents a 37.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Fredrik Widman sold 2,067 shares of the firm's stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $550.00, for a total transaction of $1,136,850.00. Following the completion of the transaction, the vice president owned 473 shares of the company's stock, valued at approximately $260,150. The trade was a 81.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 116,164 shares of company stock worth $61,916,172. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Why Intuitive Surgical Is a No-Brainer for Long-Term Investors

A number of research firms have issued reports on ISRG. Zacks Research raised shares of Intuitive Surgical from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 24th. Hsbc Global Res upgraded Intuitive Surgical to a "strong-buy" rating in a research report on Thursday, October 23rd. Argus raised their target price on Intuitive Surgical from $600.00 to $630.00 in a research report on Monday, October 27th. Jefferies Financial Group lifted their target price on Intuitive Surgical from $550.00 to $560.00 and gave the company a "hold" rating in a research note on Wednesday, October 22nd. Finally, Sanford C. Bernstein reissued an "outperform" rating and issued a $685.00 price target on shares of Intuitive Surgical in a research note on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Intuitive Surgical presently has a consensus rating of "Moderate Buy" and an average target price of $608.92.

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Intuitive Surgical Profile

(Free Report)

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.

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