Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. trimmed its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 3.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,249 shares of the medical equipment provider's stock after selling 543 shares during the period. First Citizens Bank & Trust Co.'s holdings in Intuitive Surgical were worth $7,552,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ISRG. Capital Investment Advisors LLC lifted its stake in shares of Intuitive Surgical by 179.0% during the 1st quarter. Capital Investment Advisors LLC now owns 2,508 shares of the medical equipment provider's stock worth $1,242,000 after purchasing an additional 1,609 shares during the period. Park Avenue Securities LLC lifted its position in Intuitive Surgical by 24.6% during the first quarter. Park Avenue Securities LLC now owns 19,591 shares of the medical equipment provider's stock worth $9,703,000 after buying an additional 3,867 shares during the period. OLD National Bancorp IN boosted its stake in Intuitive Surgical by 19.0% in the 1st quarter. OLD National Bancorp IN now owns 5,295 shares of the medical equipment provider's stock worth $2,622,000 after buying an additional 845 shares during the last quarter. Kraematon Investment Advisors Inc. acquired a new stake in Intuitive Surgical in the 1st quarter worth about $409,000. Finally, Miracle Mile Advisors LLC grew its holdings in Intuitive Surgical by 1.8% in the 1st quarter. Miracle Mile Advisors LLC now owns 1,983 shares of the medical equipment provider's stock valued at $982,000 after buying an additional 35 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ISRG shares. Barclays decreased their target price on shares of Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Erste Group Bank upgraded shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a report on Thursday. Piper Sandler lowered their price objective on shares of Intuitive Surgical from $670.00 to $575.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Truist Financial cut their target price on Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada lowered their price target on Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $596.05.

Insider Transactions at Intuitive Surgical

In other news, EVP Brian Edward Miller sold 8,900 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $485.07, for a total value of $4,317,123.00. Following the completion of the transaction, the executive vice president now owns 5,758 shares in the company, valued at approximately $2,793,033.06. This trade represents a 60.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Desantis sold 11,545 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $499.22, for a total value of $5,763,494.90. Following the completion of the sale, the executive vice president now owns 5,224 shares of the company's stock, valued at $2,607,925.28. This trade represents a 68.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,443 shares of company stock valued at $12,692,195. 0.70% of the stock is currently owned by corporate insiders.

Intuitive Surgical Trading Down 0.2%

Shares of ISRG stock opened at $557.08 on Monday. Intuitive Surgical, Inc. has a twelve month low of $413.52 and a twelve month high of $616.00. The company has a market capitalization of $199.67 billion, a PE ratio of 86.91, a price-to-earnings-growth ratio of 5.85 and a beta of 1.67. The firm has a fifty day simple moving average of $521.99 and a 200-day simple moving average of $539.16.

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

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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