Everhart Financial Group Inc. Raises Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Everhart Financial Group Inc. lifted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,271 shares of the medical equipment provider’s stock after acquiring an additional 75 shares during the quarter. Everhart Financial Group Inc.’s holdings in Intuitive Surgical were worth $1,620,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Castleark Management LLC raised its holdings in shares of Intuitive Surgical by 3.4% in the 4th quarter. Castleark Management LLC now owns 90,469 shares of the medical equipment provider’s stock valued at $47,221,000 after purchasing an additional 2,990 shares in the last quarter. Truist Financial Corp raised its stake in Intuitive Surgical by 3.0% in the fourth quarter. Truist Financial Corp now owns 248,092 shares of the medical equipment provider’s stock valued at $129,494,000 after buying an additional 7,298 shares in the last quarter. FourThought Financial Partners LLC purchased a new stake in Intuitive Surgical during the 4th quarter worth about $1,158,000. Longbow Finance SA acquired a new position in shares of Intuitive Surgical during the 4th quarter worth about $4,431,000. Finally, Blue Trust Inc. increased its holdings in shares of Intuitive Surgical by 19.7% in the 4th quarter. Blue Trust Inc. now owns 4,467 shares of the medical equipment provider’s stock valued at $2,332,000 after acquiring an additional 734 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Surgical Stock Down 1.8%

Shares of NASDAQ:ISRG opened at $513.00 on Friday. Intuitive Surgical, Inc. has a fifty-two week low of $413.82 and a fifty-two week high of $616.00. The firm’s 50-day simple moving average is $525.48 and its 200-day simple moving average is $538.67. The company has a market cap of $183.87 billion, a price-to-earnings ratio of 80.03, a PEG ratio of 5.85 and a beta of 1.67.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.10. Intuitive Surgical had a return on equity of 14.55% and a net margin of 27.81%. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the company earned $1.50 EPS. On average, research analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Analysts Set New Price Targets

ISRG has been the topic of a number of research analyst reports. Erste Group Bank raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Thursday, June 5th. Citigroup reiterated a “buy” rating and set a $650.00 price target (up from $590.00) on shares of Intuitive Surgical in a research note on Thursday, May 22nd. Robert W. Baird decreased their price objective on shares of Intuitive Surgical from $600.00 to $575.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Piper Sandler dropped their price objective on Intuitive Surgical from $670.00 to $575.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Finally, Evercore ISI reduced their target price on Intuitive Surgical from $510.00 to $470.00 and set an “in-line” rating for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Intuitive Surgical presently has an average rating of “Moderate Buy” and an average target price of $588.95.

Insider Activity

In other news, EVP Gary Loeb sold 1,700 shares of the business’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $513.18, for a total transaction of $872,406.00. Following the sale, the executive vice president now owns 2,245 shares of the company’s stock, valued at $1,152,089.10. The trade was a 43.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Desantis sold 188 shares of the company’s stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $515.91, for a total value of $96,991.08. Following the completion of the sale, the executive vice president now owns 5,224 shares in the company, valued at approximately $2,695,113.84. This represents a 3.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,998 shares of company stock valued at $2,611,577 in the last three months. 0.70% of the stock is currently owned by company insiders.

Intuitive Surgical 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.