M&T Bank Corp Acquires 226 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

M&T Bank Corp raised its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,581 shares of the medical equipment provider’s stock after buying an additional 226 shares during the period. M&T Bank Corp’s holdings in Intuitive Surgical were worth $33,691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its stake in Intuitive Surgical by 6.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,310 shares of the medical equipment provider’s stock valued at $3,252,000 after buying an additional 417 shares during the last quarter. Cooper Financial Group increased its stake in shares of Intuitive Surgical by 9.2% in the second quarter. Cooper Financial Group now owns 629 shares of the medical equipment provider’s stock worth $280,000 after purchasing an additional 53 shares during the period. M&G Plc lifted its position in shares of Intuitive Surgical by 53.5% during the 2nd quarter. M&G Plc now owns 5,069 shares of the medical equipment provider’s stock worth $2,256,000 after purchasing an additional 1,766 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its stake in Intuitive Surgical by 3.4% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 1,410 shares of the medical equipment provider’s stock valued at $627,000 after purchasing an additional 46 shares during the period. Finally, Great Valley Advisor Group Inc. grew its holdings in Intuitive Surgical by 8.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 2,477 shares of the medical equipment provider’s stock valued at $1,102,000 after buying an additional 189 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ISRG shares. Erste Group Bank raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Citigroup raised their price target on shares of Intuitive Surgical from $512.00 to $560.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Raymond James upped their price objective on shares of Intuitive Surgical from $500.00 to $540.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Piper Sandler reissued an “overweight” rating and set a $538.00 target price (up from $495.00) on shares of Intuitive Surgical in a research report on Friday, October 18th. Finally, The Goldman Sachs Group set a $604.00 price target on Intuitive Surgical in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Intuitive Surgical has a consensus rating of “Moderate Buy” and an average price target of $541.33.

Insider Transactions at Intuitive Surgical

In related news, Director Amy L. Ladd sold 450 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $490.28, for a total transaction of $220,626.00. Following the sale, the director now owns 821 shares of the company’s stock, valued at approximately $402,519.88. This trade represents a 35.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Robert Desantis sold 376 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $539.00, for a total value of $202,664.00. Following the completion of the transaction, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,967,734. The trade was a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,485 shares of company stock worth $26,128,102 in the last three months. Insiders own 0.90% of the company’s stock.

Intuitive Surgical Price Performance

ISRG opened at $538.86 on Tuesday. The company’s 50 day simple moving average is $517.16 and its 200-day simple moving average is $475.65. Intuitive Surgical, Inc. has a one year low of $309.80 and a one year high of $556.23. The stock has a market capitalization of $191.93 billion, a P/E ratio of 86.63, a price-to-earnings-growth ratio of 5.41 and a beta of 1.38.

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