Kestra Advisory Services LLC Sells 1,424 Shares of Intuitive Surgical, Inc. $ISRG

Key Points

• Kestra Advisory Services LLC has reduced its holdings in Intuitive Surgical by 9.1%, now owning 14,211 shares worth approximately $7.04 million after selling 1,424 shares in the first quarter.
• Insider selling was significant, with SVP Mark Brosius selling 216 shares and CEO Gary S. Guthart offloading 7,893 shares, indicating a 37.44% decrease in Guthart's ownership.
• Intuitive Surgical's stock has a 52-week range of $425.00 to $616.00, currently trading at around $476.16, with analysts giving it a consensus rating of "Moderate Buy" and an average target price of $595.95.

Kestra Advisory Services LLC trimmed its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 9.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,211 shares of the medical equipment provider's stock after selling 1,424 shares during the quarter. Kestra Advisory Services LLC's holdings in Intuitive Surgical were worth $7,038,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. AlphaCore Capital LLC increased its stake in shares of Intuitive Surgical by 4.2% during the fourth quarter. AlphaCore Capital LLC now owns 451 shares of the medical equipment provider's stock worth $235,000 after purchasing an additional 18 shares in the last quarter. Second Line Capital LLC lifted its holdings in Intuitive Surgical by 3.4% in the 4th quarter. Second Line Capital LLC now owns 578 shares of the medical equipment provider's stock valued at $302,000 after purchasing an additional 19 shares in the last quarter. Colonial Trust Co SC boosted its stake in Intuitive Surgical by 8.8% during the 4th quarter. Colonial Trust Co SC now owns 246 shares of the medical equipment provider's stock worth $128,000 after purchasing an additional 20 shares during the last quarter. Crown Wealth Group LLC grew its holdings in shares of Intuitive Surgical by 4.8% during the first quarter. Crown Wealth Group LLC now owns 440 shares of the medical equipment provider's stock worth $218,000 after buying an additional 20 shares in the last quarter. Finally, FSM Wealth Advisors LLC raised its position in shares of Intuitive Surgical by 3.8% in the first quarter. FSM Wealth Advisors LLC now owns 546 shares of the medical equipment provider's stock valued at $270,000 after buying an additional 20 shares during the last quarter. 83.64% of the stock is owned by institutional investors.

Insider Activity at Intuitive Surgical

In related news, insider Gary S. Guthart sold 7,893 shares of Intuitive Surgical stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $498.64, for a total value of $3,935,765.52. Following the completion of the transaction, the insider directly owned 13,187 shares in the company, valued at approximately $6,575,565.68. The trade was a 37.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Myriam Curet sold 4,500 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $492.48, for a total value of $2,216,160.00. Following the sale, the executive vice president owned 353 shares in the company, valued at approximately $173,845.44. This represents a 92.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,839 shares of company stock worth $7,896,972. Corporate insiders own 0.70% of the company's stock.

Intuitive Surgical Stock Down 0.3%

ISRG traded down $1.21 during trading hours on Friday, hitting $472.64. The stock had a trading volume of 1,033,634 shares, compared to its average volume of 1,984,919. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $616.00. The company's fifty day simple moving average is $501.17 and its 200 day simple moving average is $518.82. The stock has a market cap of $169.43 billion, a PE ratio of 65.95, a price-to-earnings-growth ratio of 4.94 and a beta of 1.59.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.93 by $0.26. Intuitive Surgical had a net margin of 28.51% and a return on equity of 14.56%. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business earned $1.78 earnings per share. The company's quarterly revenue was up 21.4% on a year-over-year basis. As a group, equities analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on ISRG shares. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $615.00 price objective on shares of Intuitive Surgical in a research note on Tuesday, August 19th. Zacks Research lowered Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Intuitive Surgical in a research report on Friday, August 22nd. Citigroup restated a "buy" rating and issued a $650.00 target price (up from $590.00) on shares of Intuitive Surgical in a report on Thursday, May 22nd. Finally, BTIG Research lifted their price target on Intuitive Surgical from $566.00 to $571.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $595.95.

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.