Intuitive Surgical, Inc. $ISRG Shares Acquired by Diversify Wealth Management LLC

Key Points

• Diversify Wealth Management LLC increased its Intuitive Surgical stake by 127.5% in the first quarter, ending with 23,038 shares valued at about $10.46 million.
• Analyst sentiment remains generally positive, with the stock holding a Moderate Buy consensus and an average price target of $569.20, though several firms recently trimmed targets or downgraded ratings.
• Intuitive Surgical shares were trading lower at $406.78, even after the company’s last quarterly earnings beat expectations with $2.50 EPS and $2.77 billion in revenue, up 23% year over year.

Diversify Wealth Management LLC lifted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 127.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,038 shares of the medical equipment provider's stock after acquiring an additional 12,912 shares during the period. Diversify Wealth Management LLC's holdings in Intuitive Surgical were worth $10,456,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Holos Integrated Wealth LLC purchased a new position in Intuitive Surgical during the 4th quarter worth $25,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Intuitive Surgical by 300.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 44 shares of the medical equipment provider's stock valued at $25,000 after buying an additional 33 shares during the last quarter. Olistico Wealth LLC purchased a new stake in shares of Intuitive Surgical in the fourth quarter valued at about $28,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Intuitive Surgical during the fourth quarter worth about $31,000. Finally, Vermillion Wealth Management Inc. boosted its stake in shares of Intuitive Surgical by 58.1% during the first quarter. Vermillion Wealth Management Inc. now owns 68 shares of the medical equipment provider's stock worth $31,000 after buying an additional 25 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on ISRG. Zacks Research cut Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 30th. Bank of America reduced their price objective on Intuitive Surgical from $520.00 to $515.00 in a research note on Friday, June 12th. Mizuho set a $525.00 price objective on Intuitive Surgical and gave the stock a "neutral" rating in a research report on Monday, April 13th. Truist Financial lowered their target price on Intuitive Surgical from $650.00 to $580.00 and set a "buy" rating on the stock in a research note on Wednesday, April 15th. Finally, Leerink Partners dropped their target price on Intuitive Surgical from $622.00 to $573.00 and set an "outperform" rating on the stock in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $569.20.

Insiders Place Their Bets

In other news, Director Amy L. Ladd sold 500 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $473.46, for a total transaction of $236,730.00. Following the completion of the transaction, the director directly owned 239 shares of the company's stock, valued at approximately $113,156.94. This represents a 67.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gary Loeb sold 400 shares of the firm's stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $424.14, for a total value of $169,656.00. Following the completion of the sale, the executive vice president directly owned 5,720 shares of the company's stock, valued at $2,426,080.80. This represents a 6.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 7,169 shares of company stock worth $3,059,135. Company insiders own 0.60% of the company's stock.

More Intuitive Surgical News

Here are the key news stories impacting Intuitive Surgical this week:

• Positive Sentiment: BMO Capital Markets upgraded Intuitive Surgical to strong-buy, which can help sentiment by signaling confidence in the stock’s long-term outlook. Zacks.com
• Positive Sentiment: Investor interest remains supported by expectations that July 16 results will show higher sales and EPS, with strong adoption of the da Vinci 5 surgical robot seen as a key growth driver. ISRG to Report Q2 Results Next Week: Should You Buy the Stock Now?
• Neutral Sentiment: Evercore ISI cut its price target to $430 from $480 while keeping an In Line rating, suggesting the company still has growth potential but investors may be more cautious on near-term upside. Is Intuitive Surgical (ISRG) One Of MedTech’s Best AI Stock To Buy?
• Neutral Sentiment: Options traders are pricing in a wide range of outcomes for ISRG ahead of earnings, reflecting uncertainty around how the report and guidance could move the stock. Just How Much Risk Is Built Into ISRG Stock?
• Negative Sentiment: Investors are weighing possible margin pressure, which could limit enthusiasm even if revenue and earnings grow next quarter. ISRG to Report Q2 Results Next Week: Should You Buy the Stock Now?

Intuitive Surgical Trading Down 1.2%

Shares of Intuitive Surgical stock traded down $4.77 on Friday, reaching $406.78. 1,858,933 shares of the stock were exchanged, compared to its average volume of 2,319,796. Intuitive Surgical, Inc. has a 1-year low of $396.68 and a 1-year high of $603.88. The business has a fifty day moving average price of $422.09 and a two-hundred day moving average price of $474.65. The firm has a market capitalization of $144.07 billion, a PE ratio of 49.31, a PEG ratio of 3.31 and a beta of 1.46.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The medical equipment provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.42. The firm had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.62 billion. Intuitive Surgical had a net margin of 28.15% and a return on equity of 15.98%. The firm's revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.81 earnings per share. Research analysts expect that Intuitive Surgical, Inc. will post 8.57 EPS for the current year.

Intuitive Surgical Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon's hand movements into finer, scaled motions of small instruments inside the patient. Intuitive's business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.

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