Duncker Streett & Co. Inc. Has $2.44 Million Stock Holdings in Intuitive Surgical, Inc. $ISRG

Key Points

• Duncker Streett & Co. Inc. increased its holdings in Intuitive Surgical, Inc. by 62.6% during the second quarter, owning a total of 4,496 shares worth approximately $2.44 million.
• Insider selling includes Gary S. Guthart selling 29,360 shares for over $13.8 million, representing a significant reduction of 59.69% in their position.
• Analyst ratings vary, with several upgrades and downgrades; the average recommendation for Intuitive Surgical is a "Moderate Buy" with a target price of $585.71.

Duncker Streett & Co. Inc. grew its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 62.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,496 shares of the medical equipment provider's stock after purchasing an additional 1,731 shares during the period. Duncker Streett & Co. Inc.'s holdings in Intuitive Surgical were worth $2,443,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Aaron Wealth Advisors LLC raised its holdings in Intuitive Surgical by 0.8% in the second quarter. Aaron Wealth Advisors LLC now owns 2,528 shares of the medical equipment provider's stock worth $1,374,000 after purchasing an additional 19 shares during the period. Crown Wealth Group LLC increased its position in shares of Intuitive Surgical by 4.8% during the first quarter. Crown Wealth Group LLC now owns 440 shares of the medical equipment provider's stock worth $218,000 after acquiring an additional 20 shares in the last quarter. FSM Wealth Advisors LLC increased its position in shares of Intuitive Surgical by 3.8% during the first quarter. FSM Wealth Advisors LLC now owns 546 shares of the medical equipment provider's stock worth $270,000 after acquiring an additional 20 shares in the last quarter. CFO4Life Group LLC increased its position in shares of Intuitive Surgical by 4.8% during the first quarter. CFO4Life Group LLC now owns 436 shares of the medical equipment provider's stock worth $216,000 after acquiring an additional 20 shares in the last quarter. Finally, J. W. Coons Advisors LLC increased its position in shares of Intuitive Surgical by 1.4% during the first quarter. J. W. Coons Advisors LLC now owns 1,497 shares of the medical equipment provider's stock worth $741,000 after acquiring an additional 20 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuitive Surgical

In related news, insider Gary S. Guthart sold 29,360 shares of Intuitive Surgical stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $472.49, for a total transaction of $13,872,306.40. Following the sale, the insider directly owned 19,827 shares of the company's stock, valued at approximately $9,368,059.23. The trade was a 59.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Myriam Curet sold 4,500 shares of Intuitive Surgical stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $492.48, for a total transaction of $2,216,160.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,224 shares of company stock valued at $21,716,492 in the last ninety days. 0.70% of the stock is currently owned by company insiders.

Intuitive Surgical Stock Up 0.2%

Shares of Intuitive Surgical stock opened at $436.39 on Wednesday. Intuitive Surgical, Inc. has a twelve month low of $425.00 and a twelve month high of $616.00. The company has a 50-day simple moving average of $456.92 and a two-hundred day simple moving average of $497.02. The stock has a market capitalization of $156.44 billion, a price-to-earnings ratio of 60.86, a price-to-earnings-growth ratio of 4.58 and a beta of 1.61.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last released 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. Intuitive Surgical had a net margin of 28.51% and a return on equity of 14.56%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the firm earned $1.78 EPS. The business's quarterly revenue was up 21.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of Intuitive Surgical from $590.00 to $600.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company increased their price objective on shares of Intuitive Surgical from $559.00 to $599.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Intuitive Surgical in a research report on Wednesday, October 8th. Mizuho decreased their target price on shares of Intuitive Surgical from $570.00 to $520.00 and set a "neutral" rating for the company in a research report on Tuesday. Finally, Zacks Research downgraded shares of Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Intuitive Surgical presently has an average rating of "Moderate Buy" and an average price target of $585.71.

Intuitive Surgical Company 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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