Canada Pension Plan Investment Board Sells 188,696 Shares of Intuitive Surgical, Inc. $ISRG

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Intuitive Surgical, Inc. by 18.0%, selling 188,696 shares, resulting in ownership of 0.24% of the company valued at approximately $424.6 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Intuitive Surgical, with a consensus target price of $595.95, while estimates for EPS for the current fiscal year stand at 6.43.
• Insiders have sold a total of 15,839 shares of Intuitive Surgical stock worth approximately $7.9 million in the last three months, indicating notable insider activity.

Canada Pension Plan Investment Board trimmed its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 18.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 857,313 shares of the medical equipment provider's stock after selling 188,696 shares during the period. Canada Pension Plan Investment Board owned 0.24% of Intuitive Surgical worth $424,601,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Chilton Capital Management LLC lifted its stake in shares of Intuitive Surgical by 614.3% in the 1st quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider's stock valued at $25,000 after acquiring an additional 43 shares during the last quarter. Parvin Asset Management LLC bought a new position in shares of Intuitive Surgical in the 4th quarter valued at $26,000. Global Financial Private Client LLC lifted its stake in shares of Intuitive Surgical by 253.3% in the 1st quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock valued at $26,000 after acquiring an additional 38 shares during the last quarter. Elite Financial Inc. bought a new position in shares of Intuitive Surgical in the 1st quarter valued at $26,000. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of Intuitive Surgical in the 1st quarter valued at $30,000. 83.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ISRG shares. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $615.00 target price on shares of Intuitive Surgical in a research report on Tuesday, August 19th. Truist Financial raised their target price on Intuitive Surgical from $590.00 to $600.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Piper Sandler reaffirmed an "overweight" rating and set a $595.00 target price (up from $575.00) on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Intuitive Surgical in a research report on Friday, August 22nd. Finally, Erste Group Bank reaffirmed a "hold" rating on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $595.95.

Intuitive Surgical Price Performance

Shares of Intuitive Surgical stock opened at $473.84 on Friday. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year high of $616.00. The stock's 50-day moving average is $501.17 and its 200 day moving average is $518.82. The firm has a market cap of $169.86 billion, a price-to-earnings ratio of 66.09, a PEG ratio of 4.94 and a beta of 1.59.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 EPS for the quarter, beating the consensus estimate of $1.93 by $0.26. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.35 billion. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The firm's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period last year, the business posted $1.78 EPS. On average, sell-side analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Insider Activity

In other news, EVP Myriam Curet sold 4,500 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $492.48, for a total value of $2,216,160.00. Following the completion of the sale, the executive vice president directly owned 353 shares in the company, valued at $173,845.44. This trade represents a 92.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Mark Brosius sold 216 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $563.11, for a total value of $121,631.76. Following the completion of the sale, the senior vice president owned 907 shares of the company's stock, valued at approximately $510,740.77. This represents a 19.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,839 shares of company stock worth $7,896,972 in the last three months. Company insiders own 0.70% 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.

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