Rathbones Group PLC Has $252.24 Million Stake in Intuitive Surgical, Inc. $ISRG

Rathbones Group PLC decreased its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 445,373 shares of the medical equipment provider’s stock after selling 16,919 shares during the period. Intuitive Surgical accounts for approximately 1.0% of Rathbones Group PLC’s holdings, making the stock its 26th largest position. Rathbones Group PLC’s holdings in Intuitive Surgical were worth $252,241,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ISRG. Holos Integrated Wealth LLC acquired a new stake in Intuitive Surgical in the 4th quarter valued at $25,000. Newbridge Financial Services Group Inc. raised its position in Intuitive Surgical by 300.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 44 shares of the medical equipment provider’s stock valued at $25,000 after purchasing an additional 33 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new position in Intuitive Surgical in the 3rd quarter valued at $27,000. Olistico Wealth LLC bought a new position in Intuitive Surgical in the 4th quarter valued at $28,000. Finally, Caitlin John LLC bought a new position in Intuitive Surgical in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, Director Amy L. Ladd sold 119 shares of the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $463.50, for a total value of $55,156.50. Following the transaction, the director owned 120 shares of the company’s stock, valued at approximately $55,620. This represents a 49.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gary Loeb sold 400 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $446.95, for a total value of $178,780.00. Following the transaction, the executive vice president owned 6,120 shares in the company, valued at approximately $2,735,334. This trade represents a 6.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,683 shares of company stock valued at $2,775,891 over the last quarter. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on ISRG shares. UBS Group cut their price objective on Intuitive Surgical from $570.00 to $550.00 and set a “neutral” rating for the company in a research report on Tuesday, March 17th. HSBC cut their price objective on Intuitive Surgical from $653.00 to $604.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Sanford C. Bernstein lifted their price objective on Intuitive Surgical from $740.00 to $750.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Evercore cut their price objective on Intuitive Surgical from $550.00 to $480.00 and set a “neutral” rating for the company in a research report on Monday, April 6th. Finally, Leerink Partners cut their price objective on Intuitive Surgical from $622.00 to $573.00 and set an “outperform” rating for the company in a research report on Wednesday, April 22nd. Nineteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $579.33.

Intuitive Surgical Stock Up 1.7%

ISRG stock opened at $449.03 on Thursday. The company has a market cap of $159.03 billion, a P/E ratio of 54.43, a PEG ratio of 3.53 and a beta of 1.51. Intuitive Surgical, Inc. has a twelve month low of $417.74 and a twelve month high of $603.88. The business has a fifty day moving average of $460.63 and a 200-day moving average of $511.79.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Tuesday, April 21st. The medical equipment provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.42. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.62 billion. Intuitive Surgical had a return on equity of 15.98% and a net margin of 28.15%.The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.81 earnings per share. As a group, equities research analysts anticipate that Intuitive Surgical, Inc. will post 8.57 earnings per share for the current fiscal year.

Intuitive Surgical Company Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.