Western Wealth Management LLC Sells 3,334 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Western Wealth Management LLC reduced its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 73.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,205 shares of the medical equipment provider's stock after selling 3,334 shares during the period. Western Wealth Management LLC's holdings in Intuitive Surgical were worth $629,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Atala Financial Inc acquired a new stake in Intuitive Surgical in the 4th quarter worth about $25,000. Berbice Capital Management LLC acquired a new stake in shares of Intuitive Surgical in the fourth quarter valued at approximately $26,000. Parvin Asset Management LLC acquired a new stake in shares of Intuitive Surgical in the fourth quarter valued at approximately $26,000. BankPlus Trust Department bought a new stake in shares of Intuitive Surgical in the fourth quarter valued at approximately $28,000. Finally, Hurley Capital LLC acquired a new stake in Intuitive Surgical during the fourth quarter worth approximately $28,000. 83.64% of the stock is currently owned by institutional investors.

Intuitive Surgical Stock Performance

ISRG stock traded up $2.22 on Wednesday, reaching $552.41. The company's stock had a trading volume of 1,009,370 shares, compared to its average volume of 2,048,396. The firm has a market cap of $197.99 billion, a PE ratio of 86.18, a PEG ratio of 5.85 and a beta of 1.70. The business has a fifty day simple moving average of $513.67 and a two-hundred day simple moving average of $538.20. Intuitive Surgical, Inc. has a 12-month low of $396.15 and a 12-month high of $616.00.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.10. Intuitive Surgical had a net margin of 27.81% and a return on equity of 14.55%. The firm 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 business posted $1.50 EPS. As a group, research analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ISRG. Royal Bank of Canada cut their target price 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. BTIG Research set a $560.00 price target on shares of Intuitive Surgical and gave the stock a "buy" rating in a research report on Monday, April 14th. Evercore ISI lowered their target price on Intuitive Surgical from $510.00 to $470.00 and set an "in-line" rating for the company in a report on Wednesday, April 23rd. Piper Sandler reduced their price objective on Intuitive Surgical from $670.00 to $575.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Finally, Barclays decreased their price target on Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $596.05.

Insider Transactions at Intuitive Surgical

In other news, VP Fredrik Widman sold 810 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $573.78, for a total transaction of $464,761.80. Following the completion of the sale, the vice president now owns 473 shares of the company's stock, valued at $271,397.94. The trade was a 63.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brian Edward Miller sold 8,900 shares of Intuitive Surgical stock in a transaction dated 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 transaction, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $2,793,033.06. The trade was a 60.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,700 shares of company stock worth $16,865,621. Corporate insiders own 0.70% of the company's stock.

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.