Woodstock Corp Lowers Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Woodstock Corp lowered its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,824 shares of the medical equipment provider's stock after selling 2,183 shares during the quarter. Intuitive Surgical comprises about 4.2% of Woodstock Corp's holdings, making the stock its 4th largest position. Woodstock Corp's holdings in Intuitive Surgical were worth $42,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Atala Financial Inc acquired a new stake in Intuitive Surgical during the 4th quarter worth approximately $25,000. Parvin Asset Management LLC acquired a new stake in Intuitive Surgical during the 4th quarter worth approximately $26,000. Global Financial Private Client LLC increased its position 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 purchasing an additional 38 shares in the last quarter. BankPlus Trust Department acquired a new stake in Intuitive Surgical during the 4th quarter worth approximately $28,000. Finally, Hurley Capital LLC acquired a new stake in Intuitive Surgical during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 83.64% of the company's stock.

Insider Transactions at Intuitive Surgical

In related news, Director Jami K. Nachtsheim sold 2,400 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $520.00, for a total value of $1,248,000.00. Following the completion of the transaction, the director now directly owns 6,371 shares in the company, valued at approximately $3,312,920. This represents a 27.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Mark Brosius sold 489 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $533.18, for a total value of $260,725.02. Following the completion of the transaction, the senior vice president now owns 2,091 shares of the company's stock, valued at $1,114,879.38. The trade was a 18.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,716 shares of company stock worth $12,831,288 over the last three months. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Piper Sandler dropped their target price on shares of Intuitive Surgical from $670.00 to $575.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Erste Group Bank raised shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Thursday. Royal Bank of Canada lowered their price objective on shares of Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Citigroup reaffirmed a "buy" rating and issued a $650.00 price objective (up previously from $590.00) on shares of Intuitive Surgical in a research report on Thursday, May 22nd. Finally, Truist Financial lowered their price objective on shares of Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Four 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 company has an average rating of "Moderate Buy" and a consensus target price of $596.05.

Intuitive Surgical Trading Up 0.7%

ISRG traded up $3.89 during trading on Thursday, hitting $561.84. The stock had a trading volume of 484,420 shares, compared to its average volume of 1,643,732. Intuitive Surgical, Inc. has a 12 month low of $405.08 and a 12 month high of $616.00. The firm has a market cap of $201.37 billion, a PE ratio of 87.65, a P/E/G ratio of 5.85 and a beta of 1.67. The company has a 50 day simple moving average of $519.52 and a 200-day simple moving average of $538.95.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.71 by $0.10. Intuitive Surgical had a return on equity of 14.55% and a net margin of 27.81%. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the company earned $1.50 earnings per share. As a group, sell-side analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal 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.