Rockport Wealth LLC Sells 5,378 Shares of Intuitive Surgical, Inc. $ISRG

Rockport Wealth LLC reduced its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,060 shares of the medical equipment provider’s stock after selling 5,378 shares during the quarter. Intuitive Surgical comprises approximately 6.3% of Rockport Wealth LLC’s portfolio, making the stock its 2nd largest holding. Rockport Wealth LLC’s holdings in Intuitive Surgical were worth $32,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Holos Integrated Wealth LLC acquired a new stake in Intuitive Surgical during the 4th quarter worth $25,000. Newbridge Financial Services Group Inc. raised its stake in Intuitive Surgical by 300.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 44 shares of the medical equipment provider’s stock worth $25,000 after acquiring an additional 33 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in Intuitive Surgical during the 3rd quarter worth $27,000. Olistico Wealth LLC acquired a new stake in Intuitive Surgical during the 4th quarter worth $28,000. Finally, Caitlin John LLC acquired a new stake in Intuitive Surgical during the 3rd quarter worth $30,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ISRG has been the topic of several research reports. HSBC lowered their price objective on shares of Intuitive Surgical from $653.00 to $604.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Piper Sandler lowered their price objective on shares of Intuitive Surgical from $620.00 to $580.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Wall Street Zen raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. lowered their price objective on shares of Intuitive Surgical from $625.00 to $550.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Finally, Robert W. Baird raised their price objective on shares of Intuitive Surgical from $575.00 to $610.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Nineteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $579.33.

Intuitive Surgical Stock Performance

Shares of Intuitive Surgical stock opened at $439.92 on Tuesday. The company has a market capitalization of $155.80 billion, a P/E ratio of 53.32, a PEG ratio of 3.36 and a beta of 1.51. The company’s fifty day moving average is $462.50 and its two-hundred day moving average is $513.03. Intuitive Surgical, Inc. has a 1 year low of $417.74 and a 1 year high of $603.88.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Tuesday, April 21st. The medical equipment provider reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.42. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.62 billion. Intuitive Surgical had a net margin of 28.15% and a return on equity of 15.98%. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.81 earnings per share. As a group, equities analysts expect that Intuitive Surgical, Inc. will post 8.57 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Myriam Curet sold 105 shares of Intuitive Surgical stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $493.95, for a total value of $51,864.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Patricia L. Wadors sold 220 shares of Intuitive Surgical stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $499.71, for a total transaction of $109,936.20. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 5,647 shares of company stock valued at $2,760,359. Corporate insiders own 0.60% of the company’s stock.

Intuitive Surgical Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.