Mcdaniel Terry & Co. Sells 596 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Mcdaniel Terry & Co. cut its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,903 shares of the medical equipment provider's stock after selling 596 shares during the period. Intuitive Surgical makes up 3.0% of Mcdaniel Terry & Co.'s portfolio, making the stock its 13th largest position. Mcdaniel Terry & Co.'s holdings in Intuitive Surgical were worth $34,621,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ISRG. Brighton Jones LLC increased its position in shares of Intuitive Surgical by 24.9% in the fourth quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider's stock valued at $1,916,000 after acquiring an additional 731 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of Intuitive Surgical by 0.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 190,969 shares of the medical equipment provider's stock valued at $99,678,000 after acquiring an additional 883 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of Intuitive Surgical during the fourth quarter valued at about $269,000. Kovack Advisors Inc. increased its position in shares of Intuitive Surgical by 21.5% during the fourth quarter. Kovack Advisors Inc. now owns 1,686 shares of the medical equipment provider's stock valued at $880,000 after buying an additional 298 shares during the period. Finally, Versor Investments LP purchased a new position in shares of Intuitive Surgical during the fourth quarter valued at about $248,000. Hedge funds and other institutional investors own 83.64% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ISRG. Truist Financial reduced their price target on shares of Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Evercore ISI reduced 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 report on Wednesday, April 23rd. Citigroup reiterated a "buy" rating and set a $650.00 price target (up previously from $590.00) on shares of Intuitive Surgical in a research report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft cut shares of Intuitive Surgical from a "hold" rating to a "sell" rating and reduced their price target for the company from $515.00 to $440.00 in a research report on Monday, June 9th. Finally, Royal Bank Of Canada reduced their price target on shares of Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $588.95.

Insider Transactions at Intuitive Surgical

In related news, EVP Gary Loeb sold 1,700 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $513.18, for a total transaction of $872,406.00. Following the transaction, the executive vice president now owns 2,245 shares in the company, valued at $1,152,089.10. This represents a 43.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jami K. Nachtsheim sold 2,400 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $520.00, for a total transaction of $1,248,000.00. Following the transaction, the director now owns 6,371 shares in the company, valued at approximately $3,312,920. This trade represents a 27.36% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,998 shares of company stock worth $2,611,577. Corporate insiders own 0.70% of the company's stock.

Intuitive Surgical Stock Down 0.1%

Shares of NASDAQ ISRG traded down $0.48 during midday trading on Friday, hitting $533.71. The stock had a trading volume of 2,014,026 shares, compared to its average volume of 1,675,502. The business's 50 day moving average is $532.08 and its 200-day moving average is $536.80. The company has a market cap of $191.29 billion, a P/E ratio of 78.26, a PEG ratio of 5.67 and a beta of 1.67. 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 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. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.19 billion. Intuitive Surgical had a net margin of 28.41% and a return on equity of 14.43%. During the same quarter in the prior year, the firm posted $1.50 earnings per share. As a group, analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS 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.