Fiduciary Group LLC Cuts Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Fiduciary Group LLC cut its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,762 shares of the medical equipment provider’s stock after selling 30 shares during the quarter. Fiduciary Group LLC’s holdings in Intuitive Surgical were worth $924,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Flagship Harbor Advisors LLC grew its holdings in shares of Intuitive Surgical by 1.8% in the second quarter. Flagship Harbor Advisors LLC now owns 1,073 shares of the medical equipment provider’s stock valued at $562,000 after purchasing an additional 19 shares in the last quarter. Destination Wealth Management grew its holdings in shares of Intuitive Surgical by 14.0% in the first quarter. Destination Wealth Management now owns 171 shares of the medical equipment provider’s stock valued at $98,000 after purchasing an additional 21 shares in the last quarter. Wetherby Asset Management Inc. grew its holdings in shares of Intuitive Surgical by 1.3% in the first quarter. Wetherby Asset Management Inc. now owns 1,684 shares of the medical equipment provider’s stock valued at $961,000 after purchasing an additional 21 shares in the last quarter. Lodestar Investment Counsel LLC IL grew its holdings in shares of Intuitive Surgical by 0.6% in the second quarter. Lodestar Investment Counsel LLC IL now owns 3,549 shares of the medical equipment provider’s stock valued at $1,862,000 after purchasing an additional 21 shares in the last quarter. Finally, Investment House LLC grew its holdings in shares of Intuitive Surgical by 0.3% in the first quarter. Investment House LLC now owns 9,355 shares of the medical equipment provider’s stock valued at $5,338,000 after purchasing an additional 25 shares in the last quarter. 86.12% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Jamie Samath sold 130 shares of Intuitive Surgical stock in a transaction on Monday, June 10th. The stock was sold at an average price of $500.60, for a total transaction of $65,078.00. Following the completion of the sale, the vice president now directly owns 219 shares in the company, valued at $109,631.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Marshall Mohr sold 15,000 shares of Intuitive Surgical stock in a transaction on Monday, July 29th. The stock was sold at an average price of $526.11, for a total value of $7,891,650.00. Following the sale, the vice president now owns 20,135 shares of the company’s stock, valued at $10,593,224.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,655 shares of company stock valued at $13,552,920. Corporate insiders own 1.70% of the company’s stock.

A number of brokerages recently issued reports on ISRG. ValuEngine downgraded Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. UBS Group set a $560.00 price target on Intuitive Surgical and gave the stock a “hold” rating in a research report on Friday, July 19th. Citigroup lowered their price target on Intuitive Surgical from $611.00 to $575.00 and set a “buy” rating for the company in a research report on Tuesday, May 14th. BidaskClub upgraded Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. Finally, Zacks Investment Research downgraded Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $579.92.

ISRG traded up $0.52 during trading on Monday, reaching $495.97. The company had a trading volume of 12,686 shares, compared to its average volume of 599,549. The stock has a market cap of $57.61 billion, a P/E ratio of 51.98, a PEG ratio of 3.71 and a beta of 1.12. The business has a 50 day simple moving average of $523.78 and a 200-day simple moving average of $526.31. Intuitive Surgical, Inc. has a 52 week low of $430.24 and a 52 week high of $589.32.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, July 18th. The medical equipment provider reported $3.25 earnings per share for the quarter, topping the consensus estimate of $2.23 by $1.02. Intuitive Surgical had a return on equity of 17.35% and a net margin of 29.95%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company earned $2.76 earnings per share. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. On average, equities research analysts expect that Intuitive Surgical, Inc. will post 10.15 earnings per share for the current fiscal year.

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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