GC Wealth Management RIA LLC Cuts Position in Intuitive Surgical, Inc. $ISRG

GC Wealth Management RIA LLC decreased its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 12.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,491 shares of the medical equipment provider’s stock after selling 2,502 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Intuitive Surgical were worth $9,906,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ISRG. Brighton Jones LLC raised its stake in shares of Intuitive Surgical by 24.9% during the fourth quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider’s stock valued at $1,916,000 after purchasing an additional 731 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Intuitive Surgical by 3.8% during the second quarter. Sivia Capital Partners LLC now owns 928 shares of the medical equipment provider’s stock valued at $504,000 after purchasing an additional 34 shares during the period. Schnieders Capital Management LLC. raised its stake in shares of Intuitive Surgical by 38.0% during the second quarter. Schnieders Capital Management LLC. now owns 973 shares of the medical equipment provider’s stock valued at $529,000 after purchasing an additional 268 shares during the period. Osterweis Capital Management Inc. purchased a new stake in shares of Intuitive Surgical during the second quarter valued at approximately $200,000. Finally, Main Street Financial Solutions LLC raised its stake in shares of Intuitive Surgical by 92.4% during the second quarter. Main Street Financial Solutions LLC now owns 2,929 shares of the medical equipment provider’s stock valued at $1,592,000 after purchasing an additional 1,407 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ISRG. Jefferies Financial Group decreased their price target on shares of Intuitive Surgical from $560.00 to $515.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Piper Sandler cut their target price on Intuitive Surgical from $620.00 to $580.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Zacks Research cut Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Evercore cut their price objective on shares of Intuitive Surgical from $550.00 to $480.00 and set a “neutral” rating on the stock in a research note on Monday, April 6th. Finally, BTIG Research restated a “buy” rating and set a $574.00 price objective on shares of Intuitive Surgical in a research note on Wednesday, April 22nd. Eighteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $581.91.

Insider Transactions at Intuitive Surgical

In related news, VP Fredrik Widman sold 133 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $494.96, for a total value of $65,829.68. Following the completion of the sale, the vice president owned 660 shares of the company’s stock, valued at approximately $326,673.60. The trade was a 16.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Patricia L. Wadors sold 220 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $499.71, for a total value of $109,936.20. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 5,413 shares of company stock worth $2,681,362. 0.60% of the stock is owned by corporate insiders.

Intuitive Surgical Price Performance

Shares of ISRG opened at $466.64 on Wednesday. Intuitive Surgical, Inc. has a fifty-two week low of $427.84 and a fifty-two week high of $603.88. The company has a market capitalization of $165.27 billion, a price-to-earnings ratio of 56.56, a P/E/G ratio of 3.79 and a beta of 1.68. The business’s 50-day moving average is $476.64 and its 200-day moving average is $516.83.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Tuesday, April 21st. The medical equipment provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.42. Intuitive Surgical had a net margin of 28.15% and a return on equity of 15.98%. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the firm earned $1.81 EPS. The company’s revenue was up 23.0% compared to the same quarter last year. Equities research analysts expect that Intuitive Surgical, Inc. will post 8.5 earnings per share for the current fiscal year.

Intuitive Surgical Company 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.