Cwm LLC Boosts Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

CWM LLC grew its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 7.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,032 shares of the medical equipment provider's stock after buying an additional 3,253 shares during the quarter. CWM LLC's holdings in Intuitive Surgical were worth $24,284,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ISRG. TFR Capital LLC. increased its position in Intuitive Surgical by 12.5% during the 1st quarter. TFR Capital LLC. now owns 7,011 shares of the medical equipment provider's stock worth $3,472,000 after purchasing an additional 781 shares in the last quarter. Pittenger & Anderson Inc. increased its position in Intuitive Surgical by 1.1% in the 1st quarter. Pittenger & Anderson Inc. now owns 60,142 shares of the medical equipment provider's stock valued at $29,787,000 after acquiring an additional 651 shares during the period. Westmount Partners LLC grew its stake in shares of Intuitive Surgical by 1.3% in the first quarter. Westmount Partners LLC now owns 3,841 shares of the medical equipment provider's stock worth $1,902,000 after purchasing an additional 50 shares during the last quarter. Platform Technology Partners acquired a new position in Intuitive Surgical during the 1st quarter worth about $359,000. Finally, Arizona State Retirement System raised its position in shares of Intuitive Surgical by 1.4% during the first quarter. Arizona State Retirement System now owns 104,450 shares of the medical equipment provider's stock worth $51,731,000 after acquiring an additional 1,442 shares during the last quarter. Institutional investors own 83.64% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ISRG shares. Deutsche Bank Aktiengesellschaft downgraded shares of Intuitive Surgical from a "hold" rating to a "sell" rating and dropped their price target for the stock from $515.00 to $440.00 in a research report on Monday, June 9th. Royal Bank Of Canada dropped their target price on shares of Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Robert W. Baird lowered their price objective on Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. BTIG Research set a $566.00 target price on Intuitive Surgical and gave the company a "buy" rating in a research report on Monday. Finally, Erste Group Bank upgraded Intuitive Surgical from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $592.86.

Intuitive Surgical Price Performance

Shares of ISRG stock traded up $4.38 during trading hours on Monday, reaching $516.44. The company had a trading volume of 2,082,717 shares, compared to its average volume of 1,973,300. The company has a market cap of $185.10 billion, a price-to-earnings ratio of 75.72, a price-to-earnings-growth ratio of 5.43 and a beta of 1.64. Intuitive Surgical, Inc. has a 12 month low of $413.82 and a 12 month high of $616.00. The business has a fifty day simple moving average of $537.85 and a 200-day simple moving average of $536.67.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.10. The business had revenue of $2.25 billion for the quarter, compared to analysts' expectations of $2.19 billion. Intuitive Surgical had a return on equity of 14.43% and a net margin of 28.41%. During the same period last year, the business earned $1.50 EPS. On average, equities research analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Insider Activity

In other Intuitive Surgical news, EVP Gary Loeb sold 1,700 shares of the 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 completion of the sale, the executive vice president owned 2,245 shares in the company, valued at approximately $1,152,089.10. This trade represents a 43.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Robert Desantis sold 188 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $515.91, for a total value of $96,991.08. Following the completion of the transaction, the executive vice president owned 5,224 shares in the company, valued at $2,695,113.84. The trade was a 3.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,998 shares of company stock valued at $2,611,577 over the last ninety days. Company insiders own 0.70% of the company's stock.

Intuitive Surgical Profile

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.