Intuitive Surgical, Inc. $ISRG Position Cut by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co reduced its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 6.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,086 shares of the medical equipment provider’s stock after selling 140 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Intuitive Surgical were worth $1,134,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Aaron Wealth Advisors LLC raised its stake in shares of Intuitive Surgical by 0.8% during the second quarter. Aaron Wealth Advisors LLC now owns 2,528 shares of the medical equipment provider’s stock valued at $1,374,000 after purchasing an additional 19 shares in the last quarter. J. W. Coons Advisors LLC increased its stake in Intuitive Surgical by 1.4% during the 1st quarter. J. W. Coons Advisors LLC now owns 1,497 shares of the medical equipment provider’s stock valued at $741,000 after buying an additional 20 shares during the period. Exencial Wealth Advisors LLC raised its position in shares of Intuitive Surgical by 3.1% during the 1st quarter. Exencial Wealth Advisors LLC now owns 661 shares of the medical equipment provider’s stock worth $327,000 after buying an additional 20 shares in the last quarter. Evergreen Capital Management LLC raised its position in shares of Intuitive Surgical by 0.5% during the 1st quarter. Evergreen Capital Management LLC now owns 4,288 shares of the medical equipment provider’s stock worth $2,124,000 after buying an additional 20 shares in the last quarter. Finally, Rise Advisors LLC lifted its stake in shares of Intuitive Surgical by 5.6% in the 1st quarter. Rise Advisors LLC now owns 378 shares of the medical equipment provider’s stock worth $187,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analyst Ratings Changes

ISRG has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Robert W. Baird set a $655.00 price target on Intuitive Surgical in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Intuitive Surgical in a research report on Friday, August 22nd. Truist Financial set a $620.00 price objective on Intuitive Surgical and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Raymond James Financial set a $603.00 target price on Intuitive Surgical and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Intuitive Surgical has a consensus rating of “Moderate Buy” and an average target price of $608.92.

Insiders Place Their Bets

In other news, EVP Henry L. Charlton sold 13,731 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $580.00, for a total transaction of $7,963,980.00. Following the sale, the executive vice president owned 3,056 shares in the company, valued at $1,772,480. The trade was a 81.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Myriam Curet sold 7,562 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $548.43, for a total transaction of $4,147,227.66. Following the completion of the transaction, the executive vice president directly owned 353 shares of the company’s stock, valued at $193,595.79. This represents a 95.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 116,164 shares of company stock valued at $61,916,172 over the last 90 days. 0.70% of the stock is owned by corporate insiders.

Intuitive Surgical Stock Up 3.3%

Shares of Intuitive Surgical stock opened at $564.64 on Thursday. Intuitive Surgical, Inc. has a 12-month low of $425.00 and a 12-month high of $616.00. The firm has a market capitalization of $202.41 billion, a PE ratio of 74.69, a price-to-earnings-growth ratio of 4.94 and a beta of 1.62. The stock’s fifty day moving average is $487.92 and its 200-day moving average is $503.76.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.41. The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.Intuitive Surgical’s revenue was up 22.9% on a year-over-year basis. During the same quarter last year, the business posted $1.84 EPS. Analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Intuitive Surgical Company 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.