Intuitive Surgical, Inc. $ISRG Shares Sold by Securian Asset Management Inc.

Key Points

• Securian Asset Management cut its stake in Intuitive Surgical by 48.2% in the fourth quarter, leaving it with 9,640 shares worth about $5.46 million.
• Several other institutional investors also adjusted their positions, and 83.64% of ISRG shares are held by hedge funds and other institutions.
• Analysts remain mostly constructive: the stock has a Moderate Buy consensus rating with an average price target of $581.91, even as some firms trimmed their targets.

Securian Asset Management Inc. lessened its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 48.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,640 shares of the medical equipment provider's stock after selling 8,965 shares during the quarter. Securian Asset Management Inc.'s holdings in Intuitive Surgical were worth $5,460,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ISRG. Riversedge Advisors LLC raised its position in shares of Intuitive Surgical by 1.9% during the 4th quarter. Riversedge Advisors LLC now owns 901 shares of the medical equipment provider's stock worth $510,000 after purchasing an additional 17 shares during the last quarter. Fiduciary Financial Group LLC boosted its position in Intuitive Surgical by 2.1% during the fourth quarter. Fiduciary Financial Group LLC now owns 920 shares of the medical equipment provider's stock worth $521,000 after acquiring an additional 19 shares during the last quarter. Prosperity Consulting Group LLC boosted its position in Intuitive Surgical by 0.5% during the third quarter. Prosperity Consulting Group LLC now owns 4,033 shares of the medical equipment provider's stock worth $1,804,000 after acquiring an additional 19 shares during the last quarter. Rossmore Private Capital raised its stake in Intuitive Surgical by 2.0% during the third quarter. Rossmore Private Capital now owns 998 shares of the medical equipment provider's stock worth $446,000 after purchasing an additional 20 shares during the period. Finally, Activest Wealth Management raised its stake in Intuitive Surgical by 21.7% during the third quarter. Activest Wealth Management now owns 112 shares of the medical equipment provider's stock worth $50,000 after purchasing an additional 20 shares during the period. 83.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on ISRG. Raymond James Financial dropped their price target on shares of Intuitive Surgical from $615.00 to $577.00 and set an "outperform" rating for the company in a research report on Wednesday, April 22nd. Robert W. Baird lifted their price objective on shares of Intuitive Surgical from $575.00 to $610.00 and gave the company an "outperform" rating in a report on Wednesday, April 22nd. Argus lowered their price target on shares of Intuitive Surgical from $630.00 to $560.00 and set a "buy" rating for the company in a report on Wednesday, February 4th. JPMorgan Chase & Co. lowered their price target on shares of Intuitive Surgical from $625.00 to $550.00 and set an "overweight" rating for the company in a report on Wednesday, April 22nd. Finally, Citigroup upgraded shares of Intuitive Surgical from a "neutral" rating to a "buy" rating and set a $590.00 price objective for the company in a research report on Wednesday, March 11th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $581.91.

Insider Buying and Selling at Intuitive Surgical

In other news, Director Amy L. Ladd sold 500 shares of the company's stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $473.46, for a total transaction of $236,730.00. Following the transaction, the director directly owned 239 shares of the company's stock, valued at $113,156.94. This represents a 67.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Patricia L. Wadors sold 220 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $499.71, for a total transaction of $109,936.20. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 5,906 shares of company stock worth $2,907,726. Company insiders own 0.60% of the company's stock.

Intuitive Surgical Stock Performance

Shares of Intuitive Surgical stock opened at $450.06 on Monday. The company has a market cap of $159.39 billion, a P/E ratio of 54.55, a PEG ratio of 3.59 and a beta of 1.51. Intuitive Surgical, Inc. has a one year low of $427.84 and a one year high of $603.88. The firm has a fifty day moving average of $472.19 and a two-hundred day moving average of $517.39.

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

Intuitive Surgical Company 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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