Deutsche Bank AG Lowers Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Key Points

• Deutsche Bank AG reduced its position in Intuitive Surgical, Inc. by 6.0%, selling 78,606 shares, and now owns approximately 1.23 million shares valued at around $608.5 million.
• Intuitive Surgical reported earnings of $2.19 per share for the last quarter, exceeding analyst expectations of $1.93, with revenues reaching $2.44 billion.
• Institutional investors currently hold 83.64% of Intuitive Surgical's stock, highlighting significant interest from large investment firms.

Deutsche Bank AG trimmed its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 6.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,228,647 shares of the medical equipment provider's stock after selling 78,606 shares during the period. Deutsche Bank AG owned 0.34% of Intuitive Surgical worth $608,512,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Intuitive Surgical by 54,010.7% in the 1st quarter. GAMMA Investing LLC now owns 3,028,576 shares of the medical equipment provider's stock valued at $14,999,630,000 after buying an additional 3,022,979 shares during the period. Capital Research Global Investors raised its holdings in shares of Intuitive Surgical by 25.5% in the 4th quarter. Capital Research Global Investors now owns 3,381,302 shares of the medical equipment provider's stock worth $1,764,904,000 after purchasing an additional 687,906 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Intuitive Surgical by 26.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,819,666 shares of the medical equipment provider's stock worth $1,396,496,000 after purchasing an additional 584,375 shares during the period. Northern Trust Corp raised its holdings in Intuitive Surgical by 15.8% during the 4th quarter. Northern Trust Corp now owns 3,619,293 shares of the medical equipment provider's stock valued at $1,889,126,000 after acquiring an additional 494,496 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Intuitive Surgical by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 32,665,531 shares of the medical equipment provider's stock valued at $16,178,258,000 after acquiring an additional 453,335 shares during the period. 83.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ISRG has been the topic of several research analyst reports. Piper Sandler reaffirmed an "overweight" rating and issued a $595.00 price target (up previously from $575.00) on shares of Intuitive Surgical in a report on Wednesday, July 23rd. Truist Financial increased their target price on shares of Intuitive Surgical from $590.00 to $600.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Robert W. Baird decreased their price target on shares of Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft downgraded shares of Intuitive Surgical from a "hold" rating to a "sell" rating and decreased their price target for the stock from $515.00 to $440.00 in a research note on Monday, June 9th. Finally, Erste Group Bank reaffirmed a "hold" rating on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $595.95.

Insiders Place Their Bets

In related news, EVP Myriam Curet sold 4,500 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were 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 owned 353 shares in the company, valued at $173,845.44. This trade represents a 92.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gary S. Guthart sold 7,893 shares of Intuitive Surgical stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $498.64, for a total transaction of $3,935,765.52. Following the transaction, the insider owned 13,187 shares of the company's stock, valued at approximately $6,575,565.68. The trade was a 37.44% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,903 shares of company stock valued at $7,932,778. Insiders own 0.70% of the company's stock.

Intuitive Surgical Stock Up 0.1%

Intuitive Surgical stock traded up $0.27 during mid-day trading on Friday, reaching $470.08. 1,445,546 shares of the company's stock were exchanged, compared to its average volume of 2,319,941. The company has a market cap of $168.51 billion, a P/E ratio of 65.56, a P/E/G ratio of 4.93 and a beta of 1.59. Intuitive Surgical, Inc. has a twelve month low of $425.00 and a twelve month high of $616.00. The company has a fifty day moving average of $516.52 and a 200-day moving average of $528.79.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The medical equipment provider reported $2.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $0.26. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.35 billion. Intuitive Surgical had a net margin of 28.51% and a return on equity of 14.56%. The company's revenue was up 21.4% on a year-over-year basis. During the same period last year, the business earned $1.78 EPS. Equities research analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

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.