GAM Holding AG Sells 1,381 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

GAM Holding AG lowered its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 5.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,810 shares of the medical equipment provider's stock after selling 1,381 shares during the quarter. Intuitive Surgical comprises 1.0% of GAM Holding AG's investment portfolio, making the stock its 25th biggest holding. GAM Holding AG's holdings in Intuitive Surgical were worth $12,288,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ISRG. PFG Investments LLC raised its holdings in shares of Intuitive Surgical by 22.2% in the first quarter. PFG Investments LLC now owns 4,798 shares of the medical equipment provider's stock valued at $2,376,000 after purchasing an additional 873 shares during the last quarter. Jamison Private Wealth Management Inc. lifted its position in shares of Intuitive Surgical by 2.5% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 4,651 shares of the medical equipment provider's stock valued at $2,304,000 after buying an additional 112 shares during the last quarter. Covea Finance boosted its position in Intuitive Surgical by 40.2% during the first quarter. Covea Finance now owns 86,348 shares of the medical equipment provider's stock worth $42,766,000 after purchasing an additional 24,748 shares during the period. Segment Wealth Management LLC grew its holdings in Intuitive Surgical by 3.5% during the 1st quarter. Segment Wealth Management LLC now owns 5,230 shares of the medical equipment provider's stock valued at $2,590,000 after buying an additional 178 shares in the last quarter. Finally, ORG Partners LLC increased its holdings in Intuitive Surgical by 22.3% during the 1st quarter. ORG Partners LLC now owns 357 shares of the medical equipment provider's stock worth $177,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 83.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ISRG. Barclays dropped their target price on shares of Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Citigroup reiterated a "buy" rating and issued a $650.00 target price (up previously from $590.00) on shares of Intuitive Surgical in a research report on Thursday, May 22nd. Truist Financial cut their price target on shares of Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft cut Intuitive Surgical from a "hold" rating to a "sell" rating and reduced their price objective for the company from $515.00 to $440.00 in a research note on Monday, June 9th. Finally, Evercore ISI lowered their target price on Intuitive Surgical from $510.00 to $470.00 and set an "in-line" rating for the company in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $588.95.

Intuitive Surgical Stock Down 0.0%

Shares of ISRG stock opened at $509.36 on Friday. The firm has a market capitalization of $182.56 billion, a price-to-earnings ratio of 74.69, a PEG ratio of 5.40 and a beta of 1.67. The stock has a fifty day moving average of $528.03 and a 200 day moving average of $537.47. Intuitive Surgical, Inc. has a 52 week low of $413.82 and a 52 week high of $616.00.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.71 by $0.10. The firm had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.19 billion. Intuitive Surgical had a net margin of 28.41% and a return on equity of 14.43%. During the same period last year, the company posted $1.50 EPS. Equities research analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Gary Loeb sold 1,700 shares of the company'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 sale, the executive vice president now directly owns 2,245 shares of the company's stock, valued at $1,152,089.10. This represents a 43.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Desantis sold 188 shares of the stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $515.91, for a total transaction of $96,991.08. Following the completion of the transaction, the executive vice president now owns 5,224 shares of the company's stock, valued at approximately $2,695,113.84. The trade was a 3.47% 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 over the last three months. Company 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.

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