Envestnet Portfolio Solutions Inc. Sells 1,671 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Envestnet Portfolio Solutions Inc. reduced its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,133 shares of the medical equipment provider’s stock after selling 1,671 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Intuitive Surgical were worth $18,298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Indiana Trust & Investment Management CO increased its stake in shares of Intuitive Surgical by 5.3% in the second quarter. Indiana Trust & Investment Management CO now owns 500 shares of the medical equipment provider’s stock worth $222,000 after buying an additional 25 shares during the period. First Affirmative Financial Network increased its position in shares of Intuitive Surgical by 2.7% in the second quarter. First Affirmative Financial Network now owns 996 shares of the medical equipment provider’s stock valued at $443,000 after acquiring an additional 26 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Intuitive Surgical by 0.3% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,899 shares of the medical equipment provider’s stock valued at $3,002,000 after acquiring an additional 27 shares during the last quarter. Advance Capital Management Inc. boosted its holdings in shares of Intuitive Surgical by 3.8% during the first quarter. Advance Capital Management Inc. now owns 740 shares of the medical equipment provider’s stock worth $295,000 after purchasing an additional 27 shares during the period. Finally, Perigon Wealth Management LLC grew its stake in shares of Intuitive Surgical by 0.5% in the first quarter. Perigon Wealth Management LLC now owns 5,363 shares of the medical equipment provider’s stock worth $2,140,000 after purchasing an additional 27 shares during the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ISRG has been the topic of several research analyst reports. Redburn Atlantic raised Intuitive Surgical from a “neutral” rating to a “buy” rating and boosted their target price for the company from $380.00 to $510.00 in a research note on Friday, August 2nd. Barclays raised their target price on shares of Intuitive Surgical from $430.00 to $490.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Robert W. Baird increased their price target on shares of Intuitive Surgical from $487.00 to $503.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. BTIG Research lifted their price objective on Intuitive Surgical from $451.00 to $459.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, The Goldman Sachs Group began coverage on Intuitive Surgical in a research report on Thursday, May 30th. They issued a “buy” rating and a $500.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $442.30.

Intuitive Surgical Price Performance

NASDAQ ISRG traded up $5.27 during trading hours on Thursday, hitting $476.48. The company’s stock had a trading volume of 500,339 shares, compared to its average volume of 1,551,398. Intuitive Surgical, Inc. has a 12 month low of $254.85 and a 12 month high of $478.10. The company’s 50 day simple moving average is $440.74 and its two-hundred day simple moving average is $406.25. The company has a market cap of $169.01 billion, a P/E ratio of 85.06, a price-to-earnings-growth ratio of 4.97 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, July 18th. The medical equipment provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.24. Intuitive Surgical had a net margin of 27.65% and a return on equity of 13.04%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the company earned $1.18 earnings per share. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. As a group, research analysts predict that Intuitive Surgical, Inc. will post 5.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Intuitive Surgical

In related news, EVP Robert Desantis sold 584 shares of Intuitive Surgical stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $404.41, for a total value of $236,175.44. Following the completion of the sale, the executive vice president now owns 5,506 shares of the company’s stock, valued at $2,226,681.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Myriam Curet sold 2,818 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $458.13, for a total value of $1,291,010.34. Following the completion of the sale, the executive vice president now directly owns 298 shares of the company’s stock, valued at approximately $136,522.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert Desantis sold 584 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $404.41, for a total transaction of $236,175.44. Following the completion of the sale, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at $2,226,681.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,372 shares of company stock worth $6,667,430. Insiders own 0.90% of the company’s stock.

Intuitive Surgical Profile

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.