2,913 Shares in Intuitive Surgical, Inc. (NASDAQ:ISRG) Acquired by Concord Asset Management LLC VA

Concord Asset Management LLC VA bought a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,913 shares of the medical equipment provider's stock, valued at approximately $1,421,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ISRG. Larson Financial Group LLC raised its holdings in Intuitive Surgical by 8.8% during the first quarter. Larson Financial Group LLC now owns 4,456 shares of the medical equipment provider's stock worth $2,207,000 after acquiring an additional 359 shares in the last quarter. Sage Mountain Advisors LLC raised its stake in Intuitive Surgical by 3.9% in the first quarter. Sage Mountain Advisors LLC now owns 1,942 shares of the medical equipment provider's stock valued at $962,000 after buying an additional 73 shares during the period. Wealthfront Advisers LLC increased its stake in shares of Intuitive Surgical by 1.8% during the first quarter. Wealthfront Advisers LLC now owns 44,686 shares of the medical equipment provider's stock worth $22,132,000 after purchasing an additional 770 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Intuitive Surgical by 2.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 34,574 shares of the medical equipment provider's stock worth $17,123,000 after purchasing an additional 768 shares during the period. Finally, Whittier Trust Co. grew its position in Intuitive Surgical by 2.7% during the first quarter. Whittier Trust Co. now owns 65,526 shares of the medical equipment provider's stock worth $32,452,000 after buying an additional 1,735 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Intuitive Surgical Trading Up 0.2%

Shares of Intuitive Surgical stock traded up $1.13 during trading on Wednesday, hitting $513.36. The stock had a trading volume of 859,029 shares, compared to its average volume of 1,680,932. The firm has a market cap of $184.00 billion, a price-to-earnings ratio of 75.30, a P/E/G ratio of 5.48 and a beta of 1.64. Intuitive Surgical, Inc. has a 12 month low of $413.82 and a 12 month high of $616.00. The business's 50-day moving average is $537.18 and its 200 day moving average is $536.37.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last released its earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.10. The business had revenue of $2.25 billion for the quarter, compared to analysts' expectations of $2.19 billion. Intuitive Surgical had a return on equity of 14.43% and a net margin of 28.41%. During the same quarter in the prior year, the firm earned $1.50 earnings per share. As a group, equities analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Piper Sandler reduced their target price on Intuitive Surgical from $670.00 to $575.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Robert W. Baird lowered their target price on Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Citigroup reissued a "buy" rating and issued a $650.00 price objective (up from $590.00) on shares of Intuitive Surgical in a research report on Thursday, May 22nd. Royal Bank Of Canada lowered their price objective on Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Erste Group Bank raised Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Intuitive Surgical has a consensus rating of "Moderate Buy" and an average target price of $592.86.

Insider Transactions at Intuitive Surgical

In other news, Director Jami K. Nachtsheim sold 2,400 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $520.00, for a total transaction of $1,248,000.00. Following the transaction, the director directly owned 6,371 shares of the company's stock, valued at approximately $3,312,920. This trade represents a 27.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gary Loeb sold 1,700 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $513.18, for a total value of $872,406.00. Following the transaction, the executive vice president directly owned 2,245 shares in the company, valued at $1,152,089.10. This trade represents a 43.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,998 shares of company stock worth $2,611,577 in the last three months. Insiders own 0.70% 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.