Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC cut its stake in Intuitive Surgical, Inc. (NASDAQ:ISRGFree Report) by 34.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,991 shares of the medical equipment provider’s stock after selling 6,845 shares during the period. Richard Bernstein Advisors LLC’s holdings in Intuitive Surgical were worth $4,442,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Solstein Capital LLC acquired a new stake in Intuitive Surgical in the 2nd quarter worth approximately $25,000. RFP Financial Group LLC raised its position in Intuitive Surgical by 166.7% during the 2nd quarter. RFP Financial Group LLC now owns 80 shares of the medical equipment provider’s stock worth $27,000 after buying an additional 50 shares during the last quarter. Marquette Asset Management LLC purchased a new position in Intuitive Surgical during the 2nd quarter worth approximately $28,000. Barrett & Company Inc. purchased a new position in Intuitive Surgical during the 1st quarter worth approximately $30,000. Finally, Capital Advisors Ltd. LLC raised its position in Intuitive Surgical by 200.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 87 shares of the medical equipment provider’s stock worth $30,000 after buying an additional 58 shares during the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ISRG shares. TheStreet raised shares of Intuitive Surgical from a “c+” rating to a “b” rating in a research report on Monday, July 24th. Piper Sandler cut their target price on shares of Intuitive Surgical from $385.00 to $325.00 and set an “overweight” rating for the company in a report on Friday, October 20th. Morgan Stanley cut their target price on shares of Intuitive Surgical from $330.00 to $300.00 and set an “equal weight” rating for the company in a report on Monday, October 23rd. StockNews.com lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Finally, Barclays lifted their target price on shares of Intuitive Surgical from $314.00 to $385.00 and gave the company an “overweight” rating in a report on Monday, July 24th. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $342.71.

Get Our Latest Report on ISRG

Insider Activity

In other Intuitive Surgical news, Director Amy L. Ladd sold 500 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $305.68, for a total value of $152,840.00. Following the transaction, the director now owns 702 shares of the company’s stock, valued at $214,587.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Intuitive Surgical news, EVP Robert Desantis sold 867 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $290.00, for a total value of $251,430.00. Following the transaction, the executive vice president now owns 7,259 shares of the company’s stock, valued at $2,105,110. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Amy L. Ladd sold 500 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $305.68, for a total transaction of $152,840.00. Following the completion of the transaction, the director now directly owns 702 shares in the company, valued at approximately $214,587.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,208 shares of company stock valued at $15,275,529. 0.90% of the stock is currently owned by insiders.

Intuitive Surgical Stock Performance

Shares of ISRG stock traded down $0.57 on Tuesday, hitting $310.77. 245,077 shares of the stock traded hands, compared to its average volume of 1,765,098. The firm’s 50-day moving average price is $284.44 and its two-hundred day moving average price is $305.17. The stock has a market capitalization of $109.41 billion, a PE ratio of 73.26, a PEG ratio of 4.85 and a beta of 1.31. Intuitive Surgical, Inc. has a twelve month low of $222.65 and a twelve month high of $358.07.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last announced its quarterly earnings results on Thursday, October 19th. The medical equipment provider reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Intuitive Surgical had a net margin of 22.14% and a return on equity of 12.91%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. On average, equities research analysts anticipate that Intuitive Surgical, Inc. will post 4.54 EPS for the current fiscal year.

Intuitive Surgical Profile

(Free Report)

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 to enable 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.

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

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