Great Lakes Advisors LLC Sells 839 Shares of Intuitive Surgical, Inc. $ISRG

Key Points

• Great Lakes Advisors LLC sold **839 shares** of Intuitive Surgical, reducing its holdings by **7.6%** to now own **10,254 shares** worth approximately **$5.08 million**.
• Multiple institutional investors have increased their positions in Intuitive Surgical, with Brighton Jones LLC raising its holdings by **24.9%** in the fourth quarter.
• Analysts have mixed views on Intuitive Surgical, with a consensus rating of **"Moderate Buy"** and an average target price of **$595.95** as of recent evaluations.

Great Lakes Advisors LLC reduced its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 7.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,254 shares of the medical equipment provider's stock after selling 839 shares during the quarter. Great Lakes Advisors LLC's holdings in Intuitive Surgical were worth $5,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ISRG. Brighton Jones LLC lifted its holdings in shares of Intuitive Surgical by 24.9% during the fourth quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider's stock valued at $1,916,000 after purchasing an additional 731 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of Intuitive Surgical by 0.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 190,969 shares of the medical equipment provider's stock valued at $99,678,000 after purchasing an additional 883 shares in the last quarter. MayTech Global Investments LLC lifted its holdings in shares of Intuitive Surgical by 5.2% during the fourth quarter. MayTech Global Investments LLC now owns 68,064 shares of the medical equipment provider's stock valued at $35,527,000 after purchasing an additional 3,345 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in shares of Intuitive Surgical by 9.0% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 25,671 shares of the medical equipment provider's stock valued at $13,399,000 after purchasing an additional 2,119 shares in the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Intuitive Surgical during the fourth quarter valued at $488,000. 83.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Intuitive Surgical in a report on Friday, August 22nd. Zacks Research downgraded Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. UBS Group increased their target price on Intuitive Surgical from $547.00 to $585.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Piper Sandler reissued an "overweight" rating and issued a $595.00 target price (up previously from $575.00) on shares of Intuitive Surgical in a report on Wednesday, July 23rd. Finally, Evercore ISI increased their target price on Intuitive Surgical from $470.00 to $550.00 and gave the company an "in-line" rating in a report on Tuesday, July 8th. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $595.95.

Insider Transactions at Intuitive Surgical

In other news, Director Amy L. Ladd sold 336 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $470.11, for a total value of $157,956.96. Following the transaction, the director owned 1,074 shares of the company's stock, valued at $504,898.14. This trade represents a 23.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold 45,224 shares of company stock valued at $21,716,492 over the last quarter. 0.70% of the stock is currently owned by company insiders.

Intuitive Surgical Stock Down 0.5%

NASDAQ ISRG opened at $467.54 on Wednesday. The stock's 50-day moving average price is $491.12 and its 200-day moving average price is $510.92. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00. The company has a market capitalization of $167.60 billion, a P/E ratio of 65.21, a price-to-earnings-growth ratio of 4.93 and a beta of 1.61.

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

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