Envestnet Portfolio Solutions Inc. Has $16.05 Million Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Envestnet Portfolio Solutions Inc. lowered its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 15.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,400 shares of the medical equipment provider's stock after selling 5,940 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Intuitive Surgical were worth $16,047,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atala Financial Inc acquired a new stake in shares of Intuitive Surgical in the fourth quarter valued at approximately $25,000. Parvin Asset Management LLC acquired a new stake in Intuitive Surgical during the 4th quarter worth $26,000. Global Financial Private Client LLC grew its holdings in 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 worth $26,000 after acquiring an additional 38 shares during the period. BankPlus Trust Department acquired a new stake in Intuitive Surgical during the 4th quarter worth $28,000. Finally, Hurley Capital LLC acquired a new stake in Intuitive Surgical during the 4th quarter worth $28,000. Institutional investors and hedge funds own 83.64% of the company's stock.

Insider Transactions at Intuitive Surgical

In related news, SVP Mark Brosius sold 215 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $549.06, for a total value of $118,047.90. Following the transaction, the senior vice president now owns 1,768 shares in the company, valued at approximately $970,738.08. This represents a 10.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Desantis sold 188 shares of the company's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $515.91, for a total transaction of $96,991.08. Following the completion of the transaction, the executive vice president now owns 5,224 shares in the company, valued at approximately $2,695,113.84. This trade represents a 3.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,998 shares of company stock worth $2,611,577 in the last ninety days. Insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

ISRG has been the subject of a number of analyst reports. Barclays lowered their target price on shares of Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft lowered shares of Intuitive Surgical from a "hold" rating to a "sell" rating and lowered their target price for the stock from $515.00 to $440.00 in a report on Monday, June 9th. Truist Financial lowered their target price on shares of Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Citigroup reissued a "buy" rating and issued a $650.00 price target (up previously from $590.00) on shares of Intuitive Surgical in a report on Thursday, May 22nd. Finally, Piper Sandler decreased their price target on shares of Intuitive Surgical from $670.00 to $575.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $588.95.

Intuitive Surgical Price Performance

NASDAQ:ISRG traded up $5.73 on Monday, hitting $515.09. 1,217,351 shares of the company's stock were exchanged, compared to its average volume of 1,675,816. The company has a market cap of $184.62 billion, a P/E ratio of 75.53, a price-to-earnings-growth ratio of 5.40 and a beta of 1.67. The firm has a 50-day moving average price of $528.53 and a 200-day moving average price of $537.06. Intuitive Surgical, Inc. has a 52 week low of $413.82 and a 52 week high of $616.00.

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

Intuitive Surgical Company 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.