Independent Advisor Alliance Lowers Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Independent Advisor Alliance trimmed its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) by 3.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,710 shares of the medical equipment provider’s stock after selling 270 shares during the quarter. Independent Advisor Alliance’s holdings in Intuitive Surgical were worth $1,445,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bogart Wealth LLC boosted its holdings in Intuitive Surgical by 70.1% during the 3rd quarter. Bogart Wealth LLC now owns 148 shares of the medical equipment provider’s stock valued at $28,000 after acquiring an additional 61 shares during the period. Larson Financial Group LLC boosted its holdings in Intuitive Surgical by 196.1% during the 2nd quarter. Larson Financial Group LLC now owns 151 shares of the medical equipment provider’s stock valued at $30,000 after acquiring an additional 100 shares during the period. MV Capital Management Inc. boosted its holdings in Intuitive Surgical by 138.9% during the 2nd quarter. MV Capital Management Inc. now owns 172 shares of the medical equipment provider’s stock valued at $35,000 after acquiring an additional 100 shares during the period. JFS Wealth Advisors LLC boosted its holdings in Intuitive Surgical by 82.5% during the 2nd quarter. JFS Wealth Advisors LLC now owns 188 shares of the medical equipment provider’s stock valued at $38,000 after acquiring an additional 85 shares during the period. Finally, Gleason Group Inc. boosted its holdings in Intuitive Surgical by 111.1% during the 3rd quarter. Gleason Group Inc. now owns 190 shares of the medical equipment provider’s stock valued at $36,000 after acquiring an additional 100 shares during the period. 81.96% of the stock is currently owned by hedge funds and other institutional investors.

Intuitive Surgical Trading Up 0.8 %

Shares of ISRG stock opened at $257.98 on Wednesday. The business’s 50 day moving average is $264.91 and its two-hundred day moving average is $234.18. Intuitive Surgical, Inc. has a twelve month low of $180.07 and a twelve month high of $308.97. The company has a market capitalization of $91.17 billion, a P/E ratio of 68.07, a price-to-earnings-growth ratio of 4.90 and a beta of 1.36.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last announced its earnings results on Tuesday, January 24th. The medical equipment provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.02). Intuitive Surgical had a net margin of 22.52% and a return on equity of 11.54%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the business posted $1.30 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, equities analysts predict that Intuitive Surgical, Inc. will post 3.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, Director Amal M. Johnson sold 6,375 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $239.36, for a total value of $1,525,920.00. Following the transaction, the director now directly owns 11,224 shares in the company, valued at approximately $2,686,576.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Myriam Curet sold 8,000 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $250.06, for a total value of $2,000,480.00. Following the sale, the executive vice president now directly owns 217 shares in the company, valued at $54,263.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Amal M. Johnson sold 6,375 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $239.36, for a total value of $1,525,920.00. Following the completion of the sale, the director now owns 11,224 shares in the company, valued at $2,686,576.64. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on Intuitive Surgical from $262.00 to $305.00 and gave the company an “overweight” rating in a research report on Monday, December 12th. Citigroup increased their price target on Intuitive Surgical from $245.00 to $318.00 in a research report on Monday, December 12th. Piper Sandler increased their price target on Intuitive Surgical from $260.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, October 19th. Mizuho increased their price target on Intuitive Surgical from $215.00 to $245.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Morgan Stanley increased their price target on Intuitive Surgical from $235.00 to $290.00 and gave the company an “equal weight” rating in a research report on Friday, January 6th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intuitive Surgical has a consensus rating of “Moderate Buy” and a consensus price target of $280.53.

About Intuitive Surgical

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Intuitive Surgical, Inc engages in the development, manufacture, and marketing of da Vinci Surgical Systems, and related instruments and accessories for invasive surgery. Its products include Da Vinci and Ion. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G. Younge in November 1995 and is headquartered in Sunnyvale, CA.

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

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