Intuitive Surgical, Inc. (NASDAQ:ISRG) Stock Position Cut by CVA Family Office LLC

CVA Family Office LLC lessened its stake in Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) by 15.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 648 shares of the medical equipment provider’s stock after selling 115 shares during the period. CVA Family Office LLC’s holdings in Intuitive Surgical were worth $130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Standard Family Office LLC acquired a new stake in Intuitive Surgical in the 4th quarter valued at about $27,000. IronBridge Private Wealth LLC lifted its holdings in Intuitive Surgical by 200.0% in the 4th quarter. IronBridge Private Wealth LLC now owns 81 shares of the medical equipment provider’s stock valued at $29,000 after acquiring an additional 54 shares during the last quarter. O Dell Group LLC lifted its holdings in Intuitive Surgical by 200.0% in the 4th quarter. O Dell Group LLC now owns 90 shares of the medical equipment provider’s stock valued at $32,000 after acquiring an additional 60 shares during the last quarter. Vectors Research Management LLC lifted its holdings in Intuitive Surgical by 200.0% in the 4th quarter. Vectors Research Management LLC now owns 90 shares of the medical equipment provider’s stock valued at $32,000 after acquiring an additional 60 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its holdings in Intuitive Surgical by 213.8% in the 4th quarter. Bell Investment Advisors Inc now owns 91 shares of the medical equipment provider’s stock valued at $33,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Insider Buying and Selling

In related news, EVP Myriam Curet sold 9,000 shares of the stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $225.00, for a total value of $2,025,000.00. Following the transaction, the executive vice president now owns 217 shares in the company, valued at $48,825. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Intuitive Surgical news, Director Amal M. Johnson sold 6,375 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $238.04, for a total transaction of $1,517,505.00. Following the transaction, the director now owns 11,224 shares in the company, valued at $2,671,760.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Myriam Curet sold 9,000 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $225.00, for a total value of $2,025,000.00. Following the transaction, the executive vice president now owns 217 shares in the company, valued at approximately $48,825. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,162 shares of company stock worth $22,062,916. Insiders own 0.90% of the company’s stock.

Intuitive Surgical Price Performance

Shares of ISRG opened at $206.28 on Monday. The company has a market capitalization of $73.66 billion, a price-to-earnings ratio of 52.49, a P/E/G ratio of 5.74 and a beta of 1.31. Intuitive Surgical, Inc. has a fifty-two week low of $186.83 and a fifty-two week high of $369.69. The business’s 50-day moving average is $219.84 and its 200-day moving average is $236.11.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last issued its earnings results on Thursday, July 21st. The medical equipment provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.13. Intuitive Surgical had a return on equity of 12.04% and a net margin of 24.05%. During the same period in the prior year, the business posted $1.42 EPS. Equities research analysts expect that Intuitive Surgical, Inc. will post 3.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ISRG has been the subject of a number of research analyst reports. Truist Financial cut their price target on shares of Intuitive Surgical from $270.00 to $255.00 and set a “buy” rating for the company in a report on Friday, July 22nd. Stifel Nicolaus upped their price objective on shares of Intuitive Surgical from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, September 9th. The Goldman Sachs Group reduced their price objective on shares of Intuitive Surgical from $319.00 to $273.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Wells Fargo & Company reduced their price objective on shares of Intuitive Surgical to $265.00 in a research note on Friday, July 22nd. Finally, Piper Sandler upped their price objective on shares of Intuitive Surgical from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, August 18th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $268.00.

Intuitive Surgical Profile

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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 to enable 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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