Western Wealth Management LLC Reduces Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Western Wealth Management LLC trimmed its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 73.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vega Investment Solutions bought a new stake in Intuitive Surgical in the fourth quarter valued at approximately $4,660,000. Strait & Sound Wealth Management LLC boosted its holdings in Intuitive Surgical by 2.6% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 896 shares of the medical equipment provider's stock worth $468,000 after purchasing an additional 23 shares during the last quarter. Investment Management Corp VA ADV bought a new stake in Intuitive Surgical during the fourth quarter worth $57,000. Sunbelt Securities Inc. raised its position in Intuitive Surgical by 13.7% during the fourth quarter. Sunbelt Securities Inc. now owns 1,340 shares of the medical equipment provider's stock worth $706,000 after acquiring an additional 161 shares in the last quarter. Finally, Breed s Hill Capital LLC bought a new stake in Intuitive Surgical during the fourth quarter worth $217,000. 83.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ISRG shares. Barclays dropped their price objective 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. Piper Sandler lowered their price objective on Intuitive Surgical from $670.00 to $575.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. BTIG Research set a $560.00 target price on Intuitive Surgical and gave the stock a "buy" rating in a report on Monday, April 14th. Truist Financial decreased 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 note on Wednesday, April 23rd. Finally, Citigroup reiterated 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. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $596.05.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, CFO Jamie Samath sold 188 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $566.94, for a total value of $106,584.72. Following the transaction, the chief financial officer now owns 7,162 shares of the company's stock, valued at approximately $4,060,424.28. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jami K. Nachtsheim sold 2,400 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $3,312,920. The trade was a 27.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,700 shares of company stock worth $16,865,621 in the last quarter. 0.70% of the stock is owned by insiders.

Intuitive Surgical Trading Up 2.0%

Intuitive Surgical stock traded up $10.65 during trading hours on Tuesday, reaching $550.19. 1,243,739 shares of the stock were exchanged, compared to its average volume of 1,645,228. The company has a market cap of $197.20 billion, a P/E ratio of 85.83, a price-to-earnings-growth ratio of 5.85 and a beta of 1.70. Intuitive Surgical, Inc. has a twelve month low of $396.15 and a twelve month high of $616.00. The stock has a 50 day moving average of $512.50 and a two-hundred day moving average of $538.12.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $2.19 billion. During the same period in the prior year, the company posted $1.50 earnings per share. On average, analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

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.