WCM Investment Management LLC Has $585.17 Million Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

WCM Investment Management LLC boosted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 0.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,189,761 shares of the medical equipment provider's stock after purchasing an additional 3,099 shares during the period. Intuitive Surgical comprises about 1.5% of WCM Investment Management LLC's investment portfolio, making the stock its 28th biggest position. WCM Investment Management LLC owned 0.33% of Intuitive Surgical worth $585,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atala Financial Inc acquired a new stake in shares of Intuitive Surgical in the fourth quarter valued at $25,000. Hurley Capital LLC bought a new stake in Intuitive Surgical during the 4th quarter worth about $28,000. Parvin Asset Management LLC acquired a new stake in Intuitive Surgical in the 4th quarter valued at about $26,000. Global Financial Private Client LLC raised its stake in shares of Intuitive Surgical by 253.3% in the first quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock worth $26,000 after acquiring an additional 38 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Intuitive Surgical during the fourth quarter worth approximately $30,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Truist Financial dropped 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. Citigroup restated a "buy" rating and set a $650.00 target price (up previously from $590.00) on shares of Intuitive Surgical in a research report on Thursday, May 22nd. Royal Bank Of Canada decreased their price target on Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. BTIG Research set a $560.00 target price on shares of Intuitive Surgical and gave the company a "buy" rating in a research report on Monday, April 14th. Finally, Barclays lowered their price target on shares of Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Intuitive Surgical currently has an average rating of "Moderate Buy" and a consensus price target of $588.95.

Intuitive Surgical Stock Performance

ISRG stock traded up $2.61 during mid-day trading on Wednesday, hitting $540.60. 1,487,420 shares of the company were exchanged, compared to its average volume of 1,668,652. The firm has a market cap of $193.76 billion, a P/E ratio of 79.27, a P/E/G ratio of 5.76 and a beta of 1.64. Intuitive Surgical, Inc. has a 1-year low of $413.82 and a 1-year high of $616.00. The firm's 50 day simple moving average is $534.76 and its 200 day simple moving average is $536.73.

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 return on equity of 14.43% and a net margin of 28.41%. The company had revenue of $2.25 billion for the quarter, compared to analysts' expectations of $2.19 billion. During the same quarter in the prior year, the business posted $1.50 EPS. On average, equities research analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, SVP Mark Brosius sold 216 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $563.11, for a total value of $121,631.76. Following the transaction, the senior vice president directly owned 907 shares of the company's stock, valued at $510,740.77. This represents a 19.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jami K. Nachtsheim sold 2,400 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $520.00, for a total transaction of $1,248,000.00. Following the transaction, the director directly owned 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 disclosure for this sale can be found here. Insiders have sold a total of 4,998 shares of company stock worth $2,611,577 in the last quarter. 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.