Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC decreased its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGFree Report) by 0.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 112,637 shares of the medical equipment provider’s stock after selling 566 shares during the period. Gateway Investment Advisers LLC’s holdings in Intuitive Surgical were worth $44,952,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Baystate Wealth Management LLC raised its holdings in Intuitive Surgical by 150.0% during the fourth quarter. Baystate Wealth Management LLC now owns 75 shares of the medical equipment provider’s stock worth $25,000 after purchasing an additional 45 shares in the last quarter. MCF Advisors LLC increased its position in shares of Intuitive Surgical by 108.1% in the fourth quarter. MCF Advisors LLC now owns 77 shares of the medical equipment provider’s stock valued at $26,000 after buying an additional 40 shares in the last quarter. Headinvest LLC acquired a new stake in shares of Intuitive Surgical in the third quarter worth approximately $28,000. Able Wealth Management LLC purchased a new position in shares of Intuitive Surgical in the 4th quarter worth $28,000. Finally, Stone House Investment Management LLC increased its position in Intuitive Surgical by 100.0% during the 3rd quarter. Stone House Investment Management LLC now owns 100 shares of the medical equipment provider’s stock worth $29,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Insider Activity

In other news, EVP Myriam Curet sold 5,318 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $370.66, for a total value of $1,971,169.88. Following the completion of the sale, the executive vice president now owns 298 shares in the company, valued at $110,456.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Craig H. Barratt sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $421.06, for a total transaction of $589,484.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Myriam Curet sold 5,318 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $370.66, for a total transaction of $1,971,169.88. Following the completion of the transaction, the executive vice president now owns 298 shares of the company’s stock, valued at $110,456.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,956 shares of company stock valued at $6,927,011. 0.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on ISRG. Stifel Nicolaus increased their price target on Intuitive Surgical from $420.00 to $430.00 and gave the company a “buy” rating in a report on Monday, April 8th. BTIG Research lifted their target price on Intuitive Surgical from $412.00 to $421.00 and gave the company a “buy” rating in a research note on Friday, April 19th. StockNews.com cut Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Jefferies Financial Group upped their price objective on Intuitive Surgical from $365.00 to $375.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Finally, Piper Sandler raised their target price on Intuitive Surgical from $425.00 to $435.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $403.67.

Check Out Our Latest Report on Intuitive Surgical

Intuitive Surgical Stock Up 1.2 %

NASDAQ ISRG traded up $5.23 on Tuesday, hitting $434.27. The company’s stock had a trading volume of 337,186 shares, compared to its average volume of 1,498,882. The company’s 50-day moving average is $398.16 and its 200 day moving average is $379.98. The firm has a market cap of $154.04 billion, a PE ratio of 77.44, a PEG ratio of 5.59 and a beta of 1.39. Intuitive Surgical, Inc. has a 1-year low of $254.85 and a 1-year high of $437.20.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last announced its earnings results on Thursday, April 18th. The medical equipment provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.10. Intuitive Surgical had a return on equity of 12.91% and a net margin of 27.16%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company earned $1.00 EPS. Intuitive Surgical’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities analysts expect that Intuitive Surgical, Inc. will post 4.8 EPS for the current year.

Intuitive Surgical Profile

(Free Report)

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.

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

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