Intuitive Surgical, Inc. (NASDAQ:ISRG) Holdings Decreased by Blair William & Co. IL

Blair William & Co. IL reduced its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,279 shares of the medical equipment provider’s stock after selling 3,108 shares during the quarter. Blair William & Co. IL owned about 0.07% of Intuitive Surgical worth $41,736,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ISRG. Janney Montgomery Scott LLC raised its stake in shares of Intuitive Surgical by 39.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,838 shares of the medical equipment provider’s stock valued at $4,633,000 after purchasing an additional 2,220 shares in the last quarter. CENTRAL TRUST Co raised its stake in shares of Intuitive Surgical by 34.1% during the fourth quarter. CENTRAL TRUST Co now owns 967 shares of the medical equipment provider’s stock valued at $572,000 after purchasing an additional 246 shares in the last quarter. NEXT Financial Group Inc raised its stake in shares of Intuitive Surgical by 13.8% during the fourth quarter. NEXT Financial Group Inc now owns 901 shares of the medical equipment provider’s stock valued at $533,000 after purchasing an additional 109 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Intuitive Surgical during the fourth quarter valued at about $100,000. Finally, Optimum Investment Advisors raised its stake in shares of Intuitive Surgical by 250.0% during the fourth quarter. Optimum Investment Advisors now owns 287 shares of the medical equipment provider’s stock valued at $170,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 85.09% of the company’s stock.

ISRG has been the topic of several research reports. Bank of America reiterated a “buy” rating and issued a $650.00 price target on shares of Intuitive Surgical in a research report on Thursday, April 9th. Piper Sandler cut shares of Intuitive Surgical from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $570.00 to $510.00 in a research report on Tuesday, April 28th. Deutsche Bank dropped their price target on shares of Intuitive Surgical from $595.00 to $500.00 and set a “hold” rating on the stock in a research report on Friday, April 17th. Wells Fargo & Co boosted their price target on shares of Intuitive Surgical from $555.00 to $561.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Intuitive Surgical from $665.00 to $575.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 17th. Four analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Intuitive Surgical has a consensus rating of “Hold” and a consensus target price of $572.50.

In related news, CFO Marshall Mohr sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $525.00, for a total value of $3,937,500.00. Following the completion of the sale, the chief financial officer now owns 17,672 shares of the company’s stock, valued at approximately $9,277,800. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Amal M. Johnson sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $550.00, for a total value of $1,650,000.00. Following the completion of the sale, the director now directly owns 12,468 shares of the company’s stock, valued at approximately $6,857,400. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,034 shares of company stock worth $7,381,613. Company insiders own 1.60% of the company’s stock.

NASDAQ:ISRG traded up $16.85 on Friday, hitting $562.80. 550,232 shares of the company’s stock traded hands, compared to its average volume of 603,355. Intuitive Surgical, Inc. has a 1 year low of $360.50 and a 1 year high of $619.00. The firm has a 50-day moving average price of $510.90 and a 200-day moving average price of $549.84. The company has a market cap of $63.67 billion, a PE ratio of 48.48, a price-to-earnings-growth ratio of 12.33 and a beta of 0.91.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, April 16th. The medical equipment provider reported $2.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.54 by $0.15. Intuitive Surgical had a return on equity of 17.40% and a net margin of 30.11%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the business posted $2.61 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts predict that Intuitive Surgical, Inc. will post 6.78 earnings per share for the current fiscal year.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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