Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lowered its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 34.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,829 shares of the medical equipment provider’s stock after selling 7,823 shares during the period. OneDigital Investment Advisors LLC’s holdings in Intuitive Surgical were worth $7,285,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ISRG. Kingsview Wealth Management LLC raised its stake in shares of Intuitive Surgical by 1.2% in the first quarter. Kingsview Wealth Management LLC now owns 4,144 shares of the medical equipment provider’s stock valued at $1,654,000 after acquiring an additional 51 shares in the last quarter. M&G Plc purchased a new stake in Intuitive Surgical during the 1st quarter worth about $1,318,000. Nicolet Advisory Services LLC raised its position in Intuitive Surgical by 24.6% in the 1st quarter. Nicolet Advisory Services LLC now owns 1,059 shares of the medical equipment provider’s stock valued at $414,000 after purchasing an additional 209 shares in the last quarter. Spirepoint Private Client LLC purchased a new position in shares of Intuitive Surgical in the 1st quarter valued at about $454,000. Finally, Vanguard Group Inc. grew its position in shares of Intuitive Surgical by 1.6% during the first quarter. Vanguard Group Inc. now owns 30,868,620 shares of the medical equipment provider’s stock worth $12,319,358,000 after buying an additional 493,126 shares in the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of Intuitive Surgical from $503.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. lifted their price objective on shares of Intuitive Surgical from $495.00 to $575.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. The Goldman Sachs Group set a $604.00 target price on shares of Intuitive Surgical in a research note on Friday, October 18th. Piper Sandler restated an “overweight” rating and issued a $538.00 price target (up from $495.00) on shares of Intuitive Surgical in a research note on Friday, October 18th. Finally, Royal Bank of Canada upped their price objective on Intuitive Surgical from $525.00 to $555.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $513.74.

Insider Transactions at Intuitive Surgical

In related news, insider Jamie Samath sold 22,903 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $525.00, for a total value of $12,024,075.00. Following the completion of the sale, the insider now owns 8,757 shares in the company, valued at $4,597,425. This trade represents a 72.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Henry L. Charlton sold 40,243 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $486.84, for a total value of $19,591,902.12. Following the transaction, the senior vice president now owns 3,001 shares in the company, valued at $1,461,006.84. The trade was a 93.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,178 shares of company stock worth $45,897,071. Company insiders own 0.90% of the company’s stock.

Intuitive Surgical Stock Up 0.2 %

NASDAQ ISRG opened at $537.80 on Friday. The firm has a market cap of $191.55 billion, a P/E ratio of 86.46, a P/E/G ratio of 5.28 and a beta of 1.39. Intuitive Surgical, Inc. has a 52-week low of $291.39 and a 52-week high of $544.38. The business’s 50-day moving average price is $496.95 and its 200 day moving average price is $455.65.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.32. Intuitive Surgical had a return on equity of 13.41% and a net margin of 28.51%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.01 billion. As a group, analysts anticipate that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current year.

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.