Hennion & Walsh Asset Management Inc. Raises Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Hennion & Walsh Asset Management Inc. raised its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 16.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,405 shares of the medical equipment provider's stock after purchasing an additional 2,168 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Intuitive Surgical were worth $7,630,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Atala Financial Inc bought a new position in shares of Intuitive Surgical during the fourth quarter valued at $25,000. Parvin Asset Management LLC purchased a new stake in shares of Intuitive Surgical in the fourth quarter worth $26,000. Global Financial Private Client LLC lifted its stake in shares of Intuitive Surgical by 253.3% during the 1st quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock valued at $26,000 after buying an additional 38 shares in the last quarter. BankPlus Trust Department bought a new stake in Intuitive Surgical during the 4th quarter valued at approximately $28,000. Finally, Hurley Capital LLC purchased a new position in shares of Intuitive Surgical in the fourth quarter worth $28,000. 83.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ISRG shares. Truist Financial cut their price objective on Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Citigroup reaffirmed a "buy" rating and issued a $650.00 price objective (up previously from $590.00) on shares of Intuitive Surgical in a research note on Thursday, May 22nd. Piper Sandler lowered their target price on Intuitive Surgical from $670.00 to $575.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Evercore ISI decreased their price target on shares of Intuitive Surgical from $510.00 to $470.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Finally, Barclays dropped their price objective on shares of Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $596.05.

Intuitive Surgical Trading Up 1.1%

Shares of NASDAQ ISRG traded up $6.10 during trading hours on Wednesday, reaching $557.95. The stock had a trading volume of 1,146,710 shares, compared to its average volume of 1,648,262. Intuitive Surgical, Inc. has a 52-week low of $405.08 and a 52-week high of $616.00. The firm has a market cap of $199.98 billion, a price-to-earnings ratio of 87.04, a P/E/G ratio of 5.85 and a beta of 1.67. The business's fifty day moving average price is $518.20 and its two-hundred day moving average price is $538.82.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.10. Intuitive Surgical had a net margin of 27.81% and a return on equity of 14.55%. The company had revenue of $2.25 billion for the quarter, compared to analysts' expectations of $2.19 billion. During the same period in the prior year, the business earned $1.50 EPS. Equities research analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jami K. Nachtsheim sold 2,400 shares of Intuitive Surgical stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $520.00, for a total value of $1,248,000.00. Following the completion of the transaction, the director now owns 6,371 shares in the company, valued at $3,312,920. The trade was a 27.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian Edward Miller sold 8,900 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $485.07, for a total value of $4,317,123.00. Following the completion of the sale, the executive vice president now owns 5,758 shares of the company's stock, valued at $2,793,033.06. This trade represents a 60.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,286 shares of company stock worth $12,594,546 in the last ninety days. 0.70% of the stock is owned by insiders.

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.