Aquatic Capital Management LLC Sells 36,279 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Aquatic Capital Management LLC lessened its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 58.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,561 shares of the medical equipment provider's stock after selling 36,279 shares during the quarter. Aquatic Capital Management LLC's holdings in Intuitive Surgical were worth $13,342,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Howard Capital Management Group LLC increased its position in Intuitive Surgical by 4.5% in the third quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider's stock worth $1,044,000 after buying an additional 92 shares during the last quarter. Principal Financial Group Inc. increased its position in Intuitive Surgical by 1.5% in the third quarter. Principal Financial Group Inc. now owns 602,393 shares of the medical equipment provider's stock worth $295,938,000 after buying an additional 9,194 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Intuitive Surgical in the third quarter valued at $228,000. Arvest Bank Trust Division purchased a new position in shares of Intuitive Surgical in the third quarter valued at $260,000. Finally, Wilmington Savings Fund Society FSB grew its position in shares of Intuitive Surgical by 15,322.2% in the third quarter. Wilmington Savings Fund Society FSB now owns 555,661 shares of the medical equipment provider's stock valued at $272,980,000 after purchasing an additional 552,058 shares in the last quarter. Institutional investors own 83.64% of the company's stock.

Intuitive Surgical Stock Performance

ISRG stock traded up $2.52 on Thursday, reaching $518.32. The company's stock had a trading volume of 787,040 shares, compared to its average volume of 2,187,656. The business has a fifty day simple moving average of $506.68 and a two-hundred day simple moving average of $533.01. Intuitive Surgical, Inc. has a 12-month low of $367.39 and a 12-month high of $616.00. The firm has a market cap of $185.77 billion, a PE ratio of 80.79, a PEG ratio of 5.85 and a beta of 1.55.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The medical equipment provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.71 by $0.10. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.19 billion. Intuitive Surgical had a return on equity of 14.55% and a net margin of 27.81%. During the same quarter last year, the firm posted $1.50 earnings per share. As a group, research analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ISRG. CICC Research began coverage on Intuitive Surgical in a research note on Monday, January 27th. They set a "neutral" rating and a $550.00 price objective for the company. Truist Financial dropped their price objective on Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Robert W. Baird dropped their price objective on Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company upped their price objective on Intuitive Surgical from $630.00 to $687.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, BTIG Research set a $560.00 target price on Intuitive Surgical and gave the stock a "buy" rating in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $598.95.

Insider Transactions at Intuitive Surgical

In related news, EVP Brian Edward Miller sold 8,900 shares of Intuitive Surgical stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $485.07, for a total value of $4,317,123.00. Following the completion of the sale, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $2,793,033.06. This trade represents a 60.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Desantis sold 188 shares of Intuitive Surgical stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $515.91, for a total value of $96,991.08. Following the completion of the sale, the executive vice president now owns 5,224 shares of the company's stock, valued at $2,695,113.84. The trade was a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,913 shares of company stock valued at $15,981,143 in the last quarter. 0.70% of the stock is owned by insiders.

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.