Keybank National Association OH Sells 4,129 Shares of Intuitive Surgical, Inc. $ISRG

Keybank National Association OH lessened its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 87,448 shares of the medical equipment provider’s stock after selling 4,129 shares during the period. Keybank National Association OH’s holdings in Intuitive Surgical were worth $39,109,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ISRG. National Pension Service lifted its position in Intuitive Surgical by 3.3% during the 3rd quarter. National Pension Service now owns 705,045 shares of the medical equipment provider’s stock worth $315,317,000 after buying an additional 22,468 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Intuitive Surgical by 3.2% during the third quarter. Cornerstone Wealth Management LLC now owns 811 shares of the medical equipment provider’s stock worth $363,000 after purchasing an additional 25 shares in the last quarter. Trifecta Capital Advisors LLC lifted its position in shares of Intuitive Surgical by 4.8% during the third quarter. Trifecta Capital Advisors LLC now owns 14,014 shares of the medical equipment provider’s stock worth $6,267,000 after purchasing an additional 646 shares in the last quarter. Alpha Cubed Investments LLC grew its stake in shares of Intuitive Surgical by 13.0% during the third quarter. Alpha Cubed Investments LLC now owns 92,600 shares of the medical equipment provider’s stock valued at $41,413,000 after purchasing an additional 10,677 shares during the last quarter. Finally, Valley Wealth Managers Inc. increased its holdings in shares of Intuitive Surgical by 52.7% in the third quarter. Valley Wealth Managers Inc. now owns 4,084 shares of the medical equipment provider’s stock valued at $1,826,000 after purchasing an additional 1,409 shares in the last quarter. 83.64% of the stock is owned by institutional investors.

Intuitive Surgical Price Performance

Shares of ISRG stock opened at $504.22 on Friday. The stock has a market cap of $180.75 billion, a PE ratio of 63.91, a price-to-earnings-growth ratio of 3.92 and a beta of 1.67. The stock has a 50-day moving average of $558.64 and a 200-day moving average of $511.63. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year high of $609.08.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.26. The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Intuitive Surgical had a net margin of 28.38% and a return on equity of 15.06%. The business’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.21 earnings per share. As a group, research analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Henry L. Charlton sold 13,731 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $580.00, for a total transaction of $7,963,980.00. Following the sale, the executive vice president owned 3,056 shares of the company’s stock, valued at approximately $1,772,480. This trade represents a 81.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gary S. Guthart sold 24,500 shares of Intuitive Surgical stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $530.10, for a total value of $12,987,450.00. Following the transaction, the director owned 3,694 shares in the company, valued at approximately $1,958,189.40. This represents a 86.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 75,683 shares of company stock worth $42,066,425 over the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on ISRG shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $714.00 price objective on shares of Intuitive Surgical in a report on Friday, January 9th. Barclays set a $712.00 price target on Intuitive Surgical and gave the company an “overweight” rating in a research note on Monday. Rothschild & Co Redburn lifted their price objective on Intuitive Surgical from $610.00 to $615.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Evercore ISI dropped their price objective on Intuitive Surgical from $580.00 to $550.00 and set an “in-line” rating for the company in a report on Friday, January 23rd. Finally, Leerink Partners upped their target price on shares of Intuitive Surgical from $593.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $620.41.

About Intuitive Surgical

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.