Intuitive Surgical, Inc. $ISRG Stock Holdings Reduced by Orion Capital Management LLC

Orion Capital Management LLC lessened its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 9,499 shares of the medical equipment provider’s stock after selling 170 shares during the quarter. Intuitive Surgical makes up about 2.0% of Orion Capital Management LLC’s holdings, making the stock its 10th largest holding. Orion Capital Management LLC’s holdings in Intuitive Surgical were worth $5,162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ISRG. Aaron Wealth Advisors LLC lifted its holdings in Intuitive Surgical by 0.8% during the second quarter. Aaron Wealth Advisors LLC now owns 2,528 shares of the medical equipment provider’s stock worth $1,374,000 after buying an additional 19 shares during the period. Crown Wealth Group LLC increased its holdings in shares of Intuitive Surgical by 4.8% in the 1st quarter. Crown Wealth Group LLC now owns 440 shares of the medical equipment provider’s stock valued at $218,000 after acquiring an additional 20 shares during the period. FSM Wealth Advisors LLC raised its position in shares of Intuitive Surgical by 3.8% in the 1st quarter. FSM Wealth Advisors LLC now owns 546 shares of the medical equipment provider’s stock worth $270,000 after acquiring an additional 20 shares in the last quarter. CFO4Life Group LLC lifted its stake in shares of Intuitive Surgical by 4.8% during the 1st quarter. CFO4Life Group LLC now owns 436 shares of the medical equipment provider’s stock worth $216,000 after purchasing an additional 20 shares during the last quarter. Finally, J. W. Coons Advisors LLC boosted its position in Intuitive Surgical by 1.4% during the first quarter. J. W. Coons Advisors LLC now owns 1,497 shares of the medical equipment provider’s stock valued at $741,000 after purchasing an additional 20 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ISRG. Jefferies Financial Group boosted their target price on shares of Intuitive Surgical from $550.00 to $560.00 and gave the stock a “hold” rating in a report on Wednesday. Raymond James Financial set a $603.00 price objective on shares of Intuitive Surgical and gave the stock an “outperform” rating in a research note on Wednesday. Wells Fargo & Company increased their target price on shares of Intuitive Surgical from $599.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday. Royal Bank Of Canada set a $625.00 target price on shares of Intuitive Surgical and gave the company an “outperform” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Intuitive Surgical in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Intuitive Surgical has an average rating of “Moderate Buy” and an average price target of $602.32.

Insider Activity at Intuitive Surgical

In other news, Director Amy L. Ladd sold 335 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $440.69, for a total value of $147,631.15. Following the completion of the transaction, the director owned 739 shares of the company’s stock, valued at $325,669.91. The trade was a 31.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gary S. Guthart sold 29,360 shares of Intuitive Surgical stock in a transaction on Friday, August 29th. The shares were sold at an average price of $472.49, for a total transaction of $13,872,306.40. Following the completion of the transaction, the insider directly owned 19,827 shares of the company’s stock, valued at $9,368,059.23. The trade was a 59.69% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,724 shares of company stock valued at $19,500,332. Company insiders own 0.70% of the company’s stock.

Intuitive Surgical Stock Performance

Shares of ISRG opened at $546.51 on Friday. The stock has a 50-day moving average of $458.09 and a two-hundred day moving average of $497.29. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year high of $616.00. The stock has a market cap of $195.91 billion, a P/E ratio of 72.29, a P/E/G ratio of 5.45 and a beta of 1.61.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.41. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the company earned $1.84 earnings per share. The company’s revenue was up 22.9% on a year-over-year basis. Analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Intuitive Surgical Company Profile

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.