Fiduciary Alliance LLC Grows Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Fiduciary Alliance LLC raised its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 11.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,907 shares of the medical equipment provider's stock after buying an additional 1,410 shares during the quarter. Fiduciary Alliance LLC's holdings in Intuitive Surgical were worth $6,888,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Intuitive Surgical by 24.9% in the fourth quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider's stock worth $1,916,000 after acquiring an additional 731 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Intuitive Surgical in the 4th quarter worth about $6,509,000. Clear Creek Financial Management LLC lifted its position in Intuitive Surgical by 2.0% in the 4th quarter. Clear Creek Financial Management LLC now owns 1,582 shares of the medical equipment provider's stock valued at $826,000 after acquiring an additional 31 shares in the last quarter. Total Clarity Wealth Management Inc. boosted its stake in Intuitive Surgical by 3.0% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 789 shares of the medical equipment provider's stock valued at $412,000 after purchasing an additional 23 shares during the last quarter. Finally, Independence Bank of Kentucky boosted its stake in Intuitive Surgical by 18.6% during the 4th quarter. Independence Bank of Kentucky now owns 958 shares of the medical equipment provider's stock valued at $500,000 after purchasing an additional 150 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Citigroup reissued a "buy" rating and issued a $650.00 price objective (up from $590.00) on shares of Intuitive Surgical in a research note on Thursday, May 22nd. Erste Group Bank downgraded Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Piper Sandler lowered their price target on Intuitive Surgical from $670.00 to $575.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Truist Financial cut their price objective on shares of Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, BTIG Research set a $560.00 target price on shares of Intuitive Surgical and gave the stock a "buy" rating in a research note on Monday, April 14th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, Intuitive Surgical currently has an average rating of "Moderate Buy" and an average price target of $596.05.

Insider Buying and Selling

In other Intuitive Surgical news, EVP Robert Desantis sold 188 shares of the firm's 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 sale, the executive vice president now owns 5,224 shares of the company's stock, valued at $2,695,113.84. This trade represents a 3.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mark Brosius sold 489 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $533.18, for a total value of $260,725.02. Following the transaction, the senior vice president now directly owns 2,091 shares of the company's stock, valued at $1,114,879.38. The trade was a 18.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,778 shares of company stock worth $12,867,197. Corporate insiders own 0.70% of the company's stock.

Intuitive Surgical Price Performance

NASDAQ:ISRG traded down $1.44 on Tuesday, reaching $551.85. 1,713,548 shares of the company's stock were exchanged, compared to its average volume of 1,644,491. Intuitive Surgical, Inc. has a 52 week low of $397.47 and a 52 week high of $616.00. The firm has a market cap of $197.79 billion, a price-to-earnings ratio of 86.09, a P/E/G ratio of 5.85 and a beta of 1.70. The stock has a fifty day simple moving average of $517.32 and a 200-day simple moving average of $538.73.

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

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.