Intuitive Surgical, Inc. (NASDAQ:ISRG) Position Reduced by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC trimmed its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 14.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,095 shares of the medical equipment provider’s stock after selling 6,563 shares during the period. Stephens Investment Management Group LLC’s holdings in Intuitive Surgical were worth $22,847,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Coastal Capital Group Inc. acquired a new stake in shares of Intuitive Surgical during the second quarter worth $34,000. Balentine LLC raised its holdings in shares of Intuitive Surgical by 134.6% during the second quarter. Balentine LLC now owns 61 shares of the medical equipment provider’s stock worth $35,000 after purchasing an additional 35 shares during the period. CX Institutional raised its holdings in shares of Intuitive Surgical by 261.9% during the second quarter. CX Institutional now owns 76 shares of the medical equipment provider’s stock worth $43,000 after purchasing an additional 55 shares during the period. Jacobi Capital Management LLC raised its holdings in shares of Intuitive Surgical by 59.1% during the second quarter. Jacobi Capital Management LLC now owns 140 shares of the medical equipment provider’s stock worth $44,000 after purchasing an additional 52 shares during the period. Finally, Creative Financial Designs Inc. ADV acquired a new stake in shares of Intuitive Surgical during the second quarter worth $58,000. 86.94% of the stock is currently owned by institutional investors.

A number of brokerages have weighed in on ISRG. OTR Global cut shares of Intuitive Surgical to a “positive” rating in a report on Tuesday, June 16th. Piper Sandler increased their price objective on shares of Intuitive Surgical from $510.00 to $595.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. They noted that the move was a valuation call. Canaccord Genuity increased their price objective on shares of Intuitive Surgical from $562.00 to $725.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. UBS Group increased their price objective on shares of Intuitive Surgical from $565.00 to $670.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Finally, Stifel Nicolaus increased their price objective on shares of Intuitive Surgical from $575.00 to $715.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $680.52.

Shares of ISRG stock traded down $21.45 during trading on Wednesday, hitting $694.12. 12,386 shares of the company were exchanged, compared to its average volume of 789,359. The firm has a market capitalization of $83.74 billion, a price-to-earnings ratio of 75.24, a P/E/G ratio of 12.33 and a beta of 0.97. The business’s 50-day simple moving average is $701.82 and its 200 day simple moving average is $580.62. Intuitive Surgical, Inc. has a twelve month low of $360.50 and a twelve month high of $778.83.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Tuesday, July 21st. The medical equipment provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.59 by $0.52. The business had revenue of $852.10 million during the quarter, compared to analysts’ expectations of $675.15 million. Intuitive Surgical had a net margin of 26.07% and a return on equity of 13.62%. During the same period last year, the company posted $3.25 earnings per share. On average, equities analysts predict that Intuitive Surgical, Inc. will post 7.09 earnings per share for the current year.

In related news, VP Robert Desantis sold 1,798 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $666.21, for a total transaction of $1,197,845.58. Following the transaction, the vice president now owns 3,348 shares of the company’s stock, valued at $2,230,471.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alan J. Levy sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $670.71, for a total transaction of $1,207,278.00. Over the last 90 days, insiders have sold 29,880 shares of company stock valued at $20,504,788. 1.60% of the stock is currently owned by corporate insiders.

Intuitive Surgical Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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

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