BTC Capital Management Inc. decreased its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Rating) by 14.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,402 shares of the medical equipment provider’s stock after selling 414 shares during the period. BTC Capital Management Inc.’s holdings in Intuitive Surgical were worth $614,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. MADDEN SECURITIES Corp purchased a new stake in shares of Intuitive Surgical during the 4th quarter worth about $26,000. Paragon Wealth Strategies LLC acquired a new position in Intuitive Surgical in the fourth quarter worth approximately $27,000. Evermay Wealth Management LLC raised its position in Intuitive Surgical by 103.4% during the fourth quarter. Evermay Wealth Management LLC now owns 118 shares of the medical equipment provider’s stock valued at $31,000 after acquiring an additional 60 shares in the last quarter. MinichMacGregor Wealth Management LLC acquired a new stake in Intuitive Surgical in the fourth quarter valued at approximately $35,000. Finally, Capital Directions Investment Advisors LLC bought a new stake in Intuitive Surgical in the fourth quarter worth approximately $37,000. 82.06% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Intuitive Surgical from $298.00 to $314.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. JPMorgan Chase & Co. upped their target price on Intuitive Surgical from $250.00 to $335.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. Wells Fargo & Company upped their price objective on shares of Intuitive Surgical from $289.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, April 19th. Evercore ISI lifted their target price on shares of Intuitive Surgical from $240.00 to $270.00 and gave the stock an “inline” rating in a report on Wednesday, April 19th. Finally, Citigroup raised their price target on Intuitive Surgical from $305.00 to $317.00 and gave the company a “buy” rating in a research report on Wednesday, April 19th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $303.35.
Intuitive Surgical Trading Up 0.3 %
Intuitive Surgical (NASDAQ:ISRG – Get Rating) last released its quarterly earnings data on Tuesday, April 18th. The medical equipment provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.03. Intuitive Surgical had a return on equity of 11.39% and a net margin of 20.40%. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the company posted $1.00 earnings per share. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. Sell-side analysts forecast that Intuitive Surgical, Inc. will post 4.3 EPS for the current year.
Insider Buying and Selling at Intuitive Surgical
In other news, VP Marshall Mohr sold 11,250 shares of Intuitive Surgical stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $325.00, for a total value of $3,656,250.00. Following the completion of the transaction, the vice president now owns 24,136 shares in the company, valued at $7,844,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Marshall Mohr sold 11,250 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $325.00, for a total value of $3,656,250.00. Following the completion of the sale, the vice president now directly owns 24,136 shares in the company, valued at $7,844,200. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Robert Desantis sold 2,443 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $325.00, for a total transaction of $793,975.00. Following the transaction, the executive vice president now owns 7,259 shares in the company, valued at approximately $2,359,175. The disclosure for this sale can be found here. Insiders have sold a total of 75,283 shares of company stock worth $22,923,158 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.
About Intuitive Surgical
Intuitive Surgical, Inc engages in the provision of robotic-assisted surgical solutions and invasive care through a comprehensive ecosystem of products and services. Its products include Da Vinci Surgical and Ion Endoluminal systems. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G.
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