Intuitive Surgical, Inc. (NASDAQ:ISRG) Stock Position Lessened by AdvisorNet Financial Inc

AdvisorNet Financial Inc decreased its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRGFree Report) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 720 shares of the medical equipment provider’s stock after selling 45 shares during the quarter. AdvisorNet Financial Inc’s holdings in Intuitive Surgical were worth $243,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Intuitive Surgical in the fourth quarter valued at $915,360,000. Morgan Stanley lifted its holdings in shares of Intuitive Surgical by 29.9% in the fourth quarter. Morgan Stanley now owns 5,866,613 shares of the medical equipment provider’s stock valued at $1,556,706,000 after buying an additional 1,351,002 shares during the period. Barclays PLC lifted its holdings in shares of Intuitive Surgical by 159.5% in the second quarter. Barclays PLC now owns 1,379,246 shares of the medical equipment provider’s stock valued at $471,619,000 after buying an additional 847,651 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Intuitive Surgical in the third quarter valued at $178,667,000. Finally, Clearbridge Investments LLC lifted its holdings in shares of Intuitive Surgical by 23.1% in the first quarter. Clearbridge Investments LLC now owns 2,428,635 shares of the medical equipment provider’s stock valued at $732,671,000 after buying an additional 455,461 shares during the period. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Performance

Shares of NASDAQ ISRG opened at $382.36 on Wednesday. The firm has a market cap of $135.53 billion, a price-to-earnings ratio of 76.02, a P/E/G ratio of 6.20 and a beta of 1.36. The business’s 50-day simple moving average is $386.60 and its 200-day simple moving average is $335.05. Intuitive Surgical, Inc. has a 52 week low of $250.01 and a 52 week high of $403.76.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The medical equipment provider reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.12. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Intuitive Surgical had a return on equity of 13.11% and a net margin of 25.24%. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. As a group, equities research analysts forecast that Intuitive Surgical, Inc. will post 4.93 earnings per share for the current year.

Insider Activity

In related news, CEO Gary S. Guthart sold 24,325 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $376.06, for a total transaction of $9,147,659.50. Following the completion of the sale, the chief executive officer now owns 9,425 shares in the company, valued at approximately $3,544,365.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Gary S. Guthart sold 24,325 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $376.06, for a total transaction of $9,147,659.50. Following the completion of the sale, the chief executive officer now owns 9,425 shares in the company, valued at approximately $3,544,365.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Fredrik Widman sold 5,041 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $397.07, for a total value of $2,001,629.87. Following the sale, the vice president now owns 110 shares of the company’s stock, valued at approximately $43,677.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 248,418 shares of company stock valued at $95,927,097. Insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ISRG. Stifel Nicolaus restated a “buy” rating and issued a $420.00 price objective on shares of Intuitive Surgical in a report on Friday, March 15th. Raymond James upped their target price on Intuitive Surgical from $372.00 to $435.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. StockNews.com downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Wells Fargo & Company upped their target price on Intuitive Surgical from $363.00 to $416.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Finally, Barclays upped their target price on Intuitive Surgical from $385.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $371.60.

Get Our Latest Stock Analysis on ISRG

Intuitive Surgical Company 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.

See Also

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

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