Deepwater Asset Management LLC Trims Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Deepwater Asset Management LLC decreased its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 8.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,360 shares of the medical equipment provider’s stock after selling 3,226 shares during the period. Intuitive Surgical comprises approximately 5.0% of Deepwater Asset Management LLC’s holdings, making the stock its 14th largest holding. Deepwater Asset Management LLC’s holdings in Intuitive Surgical were worth $13,314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cullinan Associates Inc. grew its position in shares of Intuitive Surgical by 300.0% during the 1st quarter. Cullinan Associates Inc. now owns 6,400 shares of the medical equipment provider’s stock worth $2,554,000 after buying an additional 4,800 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Intuitive Surgical by 33.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 4,260 shares of the medical equipment provider’s stock worth $1,700,000 after buying an additional 1,070 shares in the last quarter. Congress Wealth Management LLC DE grew its position in shares of Intuitive Surgical by 0.5% during the 1st quarter. Congress Wealth Management LLC DE now owns 41,494 shares of the medical equipment provider’s stock worth $16,560,000 after buying an additional 217 shares in the last quarter. Claro Advisors LLC grew its position in shares of Intuitive Surgical by 25.0% during the 1st quarter. Claro Advisors LLC now owns 819 shares of the medical equipment provider’s stock worth $327,000 after buying an additional 164 shares in the last quarter. Finally, Miracle Mile Advisors LLC grew its position in shares of Intuitive Surgical by 2.8% during the 1st quarter. Miracle Mile Advisors LLC now owns 1,478 shares of the medical equipment provider’s stock worth $590,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Price Performance

ISRG stock traded up $1.38 during trading on Tuesday, hitting $437.62. 514,109 shares of the company traded hands, compared to its average volume of 1,520,077. The stock’s 50-day simple moving average is $403.83 and its 200 day simple moving average is $383.50. The company has a market cap of $155.22 billion, a PE ratio of 78.69, a P/E/G ratio of 5.75 and a beta of 1.39. Intuitive Surgical, Inc. has a 1 year low of $254.85 and a 1 year high of $448.10.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, April 18th. The medical equipment provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.10. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.87 billion. Intuitive Surgical had a return on equity of 12.91% and a net margin of 27.16%. The business’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 earnings per share. Research analysts expect that Intuitive Surgical, Inc. will post 4.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ISRG shares. Robert W. Baird dropped their price target on Intuitive Surgical from $440.00 to $436.00 and set an “outperform” rating on the stock in a research report on Friday, April 19th. Jefferies Financial Group raised their price objective on Intuitive Surgical from $365.00 to $375.00 and gave the company a “hold” rating in a research report on Friday, April 19th. The Goldman Sachs Group started coverage on Intuitive Surgical in a research report on Thursday, May 30th. They set a “buy” rating and a $500.00 price objective on the stock. Citigroup raised their price objective on Intuitive Surgical from $428.00 to $462.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Finally, Stifel Nicolaus raised their price objective on Intuitive Surgical from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $404.79.

Insider Transactions at Intuitive Surgical

In other news, Director Alan J. Levy sold 2,000 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $370.70, for a total value of $741,400.00. Following the sale, the director now directly owns 25,319 shares of the company’s stock, valued at $9,385,753.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intuitive Surgical news, EVP Robert Desantis sold 1,498 shares of Intuitive Surgical stock in a transaction on Friday, April 26th. The stock was sold at an average price of $369.92, for a total value of $554,140.16. Following the sale, the executive vice president now owns 5,507 shares in the company, valued at $2,037,149.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan J. Levy sold 2,000 shares of Intuitive Surgical stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $370.70, for a total value of $741,400.00. Following the completion of the sale, the director now owns 25,319 shares in the company, valued at approximately $9,385,753.30. The disclosure for this sale can be found here. Insiders have sold 17,956 shares of company stock valued at $6,927,011 over the last ninety days. Insiders own 0.90% of the company’s stock.

About Intuitive Surgical

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 that enables 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.