Intuitive Surgical, Inc. $ISRG Shares Sold by Cadinha & Co. LLC

Key Points

• Cadinha & Co. LLC reduced its stake in Intuitive Surgical by 0.8%, holding 63,441 shares worth $34.47 million, making it the 3rd largest position in their portfolio.
• Intuitive Surgical reported $2.40 earnings per share (EPS) for the latest quarter, surpassing estimates by $0.41, with revenues of $2.51 billion, marking a 22.9% year-over-year increase.
• Analysts have mixed views on Intuitive Surgical, with HSBC raising its price target to $644, while Evercore ISI lowered it to $450, reflecting a range of ratings from buy to hold.

Cadinha & Co. LLC cut its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,441 shares of the medical equipment provider's stock after selling 512 shares during the period. Intuitive Surgical accounts for about 5.7% of Cadinha & Co. LLC's investment portfolio, making the stock its 3rd largest position. Cadinha & Co. LLC's holdings in Intuitive Surgical were worth $34,474,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KPP Advisory Services LLC lifted its stake in shares of Intuitive Surgical by 48.1% in the 2nd quarter. KPP Advisory Services LLC now owns 2,057 shares of the medical equipment provider's stock valued at $1,118,000 after purchasing an additional 668 shares during the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of Intuitive Surgical by 34.3% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 20,476 shares of the medical equipment provider's stock worth $11,127,000 after acquiring an additional 5,227 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in Intuitive Surgical by 21.0% in the 2nd quarter. Bleakley Financial Group LLC now owns 14,699 shares of the medical equipment provider's stock worth $7,988,000 after purchasing an additional 2,553 shares during the last quarter. Prosperity Financial Group Inc. grew its holdings in Intuitive Surgical by 3.3% during the second quarter. Prosperity Financial Group Inc. now owns 1,244 shares of the medical equipment provider's stock valued at $676,000 after purchasing an additional 40 shares during the last quarter. Finally, LifeWealth Investments LLC lifted its stake in shares of Intuitive Surgical by 16.1% in the second quarter. LifeWealth Investments LLC now owns 482 shares of the medical equipment provider's stock worth $262,000 after buying an additional 67 shares during the last quarter. Institutional investors own 83.64% of the company's stock.

Intuitive Surgical Stock Up 0.6%

Shares of ISRG opened at $530.13 on Thursday. The stock's fifty day simple moving average is $455.28 and its 200-day simple moving average is $495.80. Intuitive Surgical, Inc. has a 12-month low of $425.00 and a 12-month high of $616.00. The firm has a market capitalization of $190.04 billion, a PE ratio of 70.12, a price-to-earnings-growth ratio of 4.86 and a beta of 1.61.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted its quarterly earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.41. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.41 billion. Intuitive Surgical had a return on equity of 15.03% and a net margin of 28.58%.The firm's revenue was up 22.9% on a year-over-year basis. During the same period last year, the company earned $1.84 EPS. Analysts anticipate that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ISRG. HSBC increased their price objective on Intuitive Surgical from $595.00 to $644.00 and gave the company a "buy" rating in a research report on Thursday. Wall Street Zen cut Intuitive Surgical from a "buy" rating to a "hold" rating in a research report on Saturday, October 18th. Evercore ISI decreased their price target on shares of Intuitive Surgical from $535.00 to $450.00 and set an "in-line" rating on the stock in a research note on Tuesday, October 7th. The Goldman Sachs Group reduced their price objective on shares of Intuitive Surgical from $621.00 to $567.00 and set a "buy" rating for the company in a report on Wednesday, October 1st. Finally, Erste Group Bank reissued a "hold" rating on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Eighteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $604.50.

Insider Buying and Selling at Intuitive Surgical

In related news, EVP Myriam Curet sold 4,500 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $492.48, for a total value of $2,216,160.00. Following the sale, the executive vice president directly owned 353 shares of the company's stock, valued at approximately $173,845.44. The trade was a 92.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Gary S. Guthart sold 29,360 shares of the company's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $472.49, for a total transaction of $13,872,306.40. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,224 shares of company stock valued at $21,716,492. 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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