OneDigital Investment Advisors LLC Has $2.36 Million Stock Holdings in Intuitive Surgical, Inc. $ISRG

OneDigital Investment Advisors LLC lowered its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 74.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,284 shares of the medical equipment provider’s stock after selling 15,297 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Intuitive Surgical were worth $2,363,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Rossmore Private Capital boosted its holdings in Intuitive Surgical by 2.0% during the third quarter. Rossmore Private Capital now owns 998 shares of the medical equipment provider’s stock worth $446,000 after purchasing an additional 20 shares during the last quarter. Activest Wealth Management lifted its position in Intuitive Surgical by 21.7% during the 3rd quarter. Activest Wealth Management now owns 112 shares of the medical equipment provider’s stock worth $50,000 after buying an additional 20 shares in the last quarter. Vertex Planning Partners LLC boosted its stake in shares of Intuitive Surgical by 2.3% during the 2nd quarter. Vertex Planning Partners LLC now owns 917 shares of the medical equipment provider’s stock worth $498,000 after buying an additional 21 shares during the last quarter. Accredited Investors Inc. grew its holdings in shares of Intuitive Surgical by 2.0% in the 3rd quarter. Accredited Investors Inc. now owns 1,060 shares of the medical equipment provider’s stock valued at $474,000 after acquiring an additional 21 shares in the last quarter. Finally, SPC Financial Inc. increased its position in shares of Intuitive Surgical by 1.3% in the third quarter. SPC Financial Inc. now owns 1,614 shares of the medical equipment provider’s stock valued at $722,000 after acquiring an additional 21 shares during the last quarter. 83.64% of the stock is owned by institutional investors.

Intuitive Surgical Price Performance

ISRG stock opened at $494.02 on Wednesday. The company has a fifty day moving average price of $533.32 and a two-hundred day moving average price of $511.33. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year high of $603.88. The stock has a market cap of $175.44 billion, a price-to-earnings ratio of 62.61, a price-to-earnings-growth ratio of 3.81 and a beta of 1.65.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.26. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.72 billion. Intuitive Surgical had a net margin of 28.38% and a return on equity of 15.06%. The company’s revenue was up 18.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.21 earnings per share. Research analysts anticipate that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Insider Activity at Intuitive Surgical

In other news, Director Gary S. Guthart sold 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $531.52, for a total transaction of $1,488,256.00. Following the completion of the sale, the director owned 15,720 shares in the company, valued at $8,355,494.40. The trade was a 15.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Myriam Curet sold 421 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $494.96, for a total value of $208,378.16. Following the completion of the transaction, the executive vice president directly owned 409 shares in the company, valued at $202,438.64. The trade was a 50.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 56,189 shares of company stock valued at $30,785,441. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ISRG has been the subject of several recent research reports. Robert W. Baird reduced their price target on Intuitive Surgical from $655.00 to $645.00 and set an “outperform” rating for the company in a research report on Friday, January 23rd. UBS Group set a $570.00 price objective on Intuitive Surgical and gave the stock a “neutral” rating in a research note on Tuesday. Sanford C. Bernstein raised their target price on shares of Intuitive Surgical from $740.00 to $750.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Royal Bank Of Canada boosted their target price on shares of Intuitive Surgical from $625.00 to $650.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Finally, Argus cut their price target on shares of Intuitive Surgical from $630.00 to $560.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and an average target price of $615.86.

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.