MAI Capital Management lessened its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Rating) by 10.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,722 shares of the medical equipment provider's stock after selling 424 shares during the period. MAI Capital Management's holdings in Intuitive Surgical were worth $747,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the company. Investment Partners LTD. boosted its position in shares of Intuitive Surgical by 4.8% during the first quarter. Investment Partners LTD. now owns 768 shares of the medical equipment provider's stock valued at $232,000 after buying an additional 35 shares during the period. Transcend Capital Advisors LLC increased its position in shares of Intuitive Surgical by 4.9% during the first quarter. Transcend Capital Advisors LLC now owns 880 shares of the medical equipment provider's stock worth $265,000 after acquiring an additional 41 shares during the period. BLB&B Advisors LLC boosted its holdings in shares of Intuitive Surgical by 6.9% in the first quarter. BLB&B Advisors LLC now owns 693 shares of the medical equipment provider's stock valued at $209,000 after purchasing an additional 45 shares during the period. Venture Visionary Partners LLC raised its position in Intuitive Surgical by 1.5% during the 1st quarter. Venture Visionary Partners LLC now owns 3,024 shares of the medical equipment provider's stock valued at $912,000 after purchasing an additional 45 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC increased its stake in shares of Intuitive Surgical by 2.0% during the first quarter. Douglass Winthrop Advisors LLC now owns 2,308 shares of the medical equipment provider's stock valued at $696,000 after buying an additional 46 shares during the period. Institutional investors own 82.44% of the company's stock.
Get Intuitive Surgical alerts:Insider Transactions at Intuitive Surgical
In related news, Director Amal M. Johnson sold 6,375 shares of the business's stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $238.04, for a total value of $1,517,505.00. Following the completion of the transaction, the director now directly owns 11,224 shares in the company, valued at approximately $2,671,760.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Myriam Curet sold 9,000 shares of the business's stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $225.00, for a total value of $2,025,000.00. Following the completion of the sale, the executive vice president now owns 217 shares of the company's stock, valued at approximately $48,825. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Amal M. Johnson sold 6,375 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $238.04, for a total transaction of $1,517,505.00. Following the transaction, the director now directly owns 11,224 shares in the company, valued at $2,671,760.96. The disclosure for this sale can be found here. Insiders have sold 101,162 shares of company stock valued at $22,062,916 in the last 90 days. 0.90% of the stock is currently owned by company insiders.
Intuitive Surgical Stock Performance
Shares of ISRG opened at $187.44 on Friday. The business's 50-day moving average is $216.24 and its two-hundred day moving average is $230.27. The company has a market capitalization of $66.94 billion, a P/E ratio of 47.69, a P/E/G ratio of 5.36 and a beta of 1.31. Intuitive Surgical, Inc. has a fifty-two week low of $184.94 and a fifty-two week high of $369.69.Intuitive Surgical (NASDAQ:ISRG – Get Rating) last issued its earnings results on Thursday, July 21st. The medical equipment provider reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.19). The company had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.56 billion. Intuitive Surgical had a return on equity of 12.04% and a net margin of 24.05%. During the same quarter in the previous year, the company earned $1.42 EPS. Analysts forecast that Intuitive Surgical, Inc. will post 3.76 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts recently issued reports on ISRG shares. Evercore ISI cut their price objective on shares of Intuitive Surgical from $210.00 to $175.00 in a report on Friday, July 22nd. Stifel Nicolaus raised their price target on shares of Intuitive Surgical from $250.00 to $260.00 and gave the company a "buy" rating in a report on Friday, September 9th. Morgan Stanley decreased their target price on shares of Intuitive Surgical from $300.00 to $225.00 and set an "equal weight" rating for the company in a research report on Friday, July 15th. Raymond James reduced their price target on Intuitive Surgical from $294.00 to $255.00 in a research report on Friday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Intuitive Surgical from $225.00 to $205.00 in a research report on Friday, July 22nd. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $268.00.
About Intuitive Surgical
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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 to enable 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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