Orion Portfolio Solutions LLC Reduces Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Orion Portfolio Solutions LLC lessened its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) by 5.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,194 shares of the medical equipment provider’s stock after selling 752 shares during the period. Orion Portfolio Solutions LLC’s holdings in Intuitive Surgical were worth $2,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Standard Family Office LLC acquired a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $27,000. IronBridge Private Wealth LLC grew its position in Intuitive Surgical by 200.0% during the fourth quarter. IronBridge Private Wealth LLC now owns 81 shares of the medical equipment provider’s stock valued at $29,000 after buying an additional 54 shares during the period. Vectors Research Management LLC increased its holdings in Intuitive Surgical by 200.0% in the fourth quarter. Vectors Research Management LLC now owns 90 shares of the medical equipment provider’s stock valued at $32,000 after buying an additional 60 shares in the last quarter. JFS Wealth Advisors LLC raised its position in shares of Intuitive Surgical by 145.2% in the first quarter. JFS Wealth Advisors LLC now owns 103 shares of the medical equipment provider’s stock worth $31,000 after acquiring an additional 61 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. purchased a new stake in shares of Intuitive Surgical during the 4th quarter worth about $30,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Amal M. Johnson sold 6,375 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $210.76, for a total value of $1,343,595.00. Following the transaction, the director now owns 11,224 shares of the company’s stock, valued at approximately $2,365,570.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Intuitive Surgical news, Director Amal M. Johnson sold 6,375 shares of Intuitive Surgical stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $210.76, for a total transaction of $1,343,595.00. Following the completion of the sale, the director now directly owns 11,224 shares in the company, valued at $2,365,570.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary S. Guthart sold 79,412 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $216.30, for a total transaction of $17,176,815.60. Following the completion of the transaction, the chief executive officer now owns 54,607 shares in the company, valued at $11,811,494.10. The disclosure for this sale can be found here. Insiders sold a total of 101,162 shares of company stock valued at $22,062,916 over the last quarter. 0.90% of the stock is owned by insiders.

Intuitive Surgical Trading Down 2.0 %

Shares of ISRG opened at $191.08 on Friday. The firm has a 50-day moving average price of $219.31 and a 200 day moving average price of $233.72. Intuitive Surgical, Inc. has a 12-month low of $186.83 and a 12-month high of $369.69. The firm has a market capitalization of $68.24 billion, a P/E ratio of 48.62, a P/E/G ratio of 5.43 and a beta of 1.31.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last announced its quarterly earnings results on Thursday, July 21st. The medical equipment provider reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). Intuitive Surgical had a return on equity of 12.04% and a net margin of 24.05%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the business earned $1.42 EPS. Equities research analysts predict that Intuitive Surgical, Inc. will post 3.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ISRG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on Intuitive Surgical from $225.00 to $205.00 in a research note on Friday, July 22nd. Wells Fargo & Company decreased their target price on Intuitive Surgical to $265.00 in a research report on Friday, July 22nd. BTIG Research cut their price target on shares of Intuitive Surgical from $355.00 to $247.00 and set a “buy” rating for the company in a report on Monday, July 18th. Evercore ISI decreased their price objective on shares of Intuitive Surgical from $210.00 to $175.00 in a report on Friday, July 22nd. Finally, Truist Financial cut their target price on shares of Intuitive Surgical from $270.00 to $255.00 and set a “buy” rating for the company in a research note on Friday, July 22nd. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $268.00.

Intuitive Surgical Company 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.

Further Reading

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

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