Lbp Am Sa Lowers Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

LBP AM SA reduced its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 8.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,625 shares of the medical equipment provider's stock after selling 5,179 shares during the quarter. LBP AM SA's holdings in Intuitive Surgical were worth $29,035,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Atala Financial Inc bought a new stake in shares of Intuitive Surgical during the 4th quarter valued at about $25,000. Chilton Capital Management LLC boosted its stake in Intuitive Surgical by 614.3% during the first quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider's stock worth $25,000 after acquiring an additional 43 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in Intuitive Surgical in the fourth quarter worth $26,000. Global Financial Private Client LLC grew its holdings in 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 purchasing an additional 38 shares during the period. Finally, Elite Financial Inc. bought a new stake in Intuitive Surgical in the first quarter valued at $26,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ISRG. Robert W. Baird cut their price objective on shares of Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Barclays reduced their price objective on Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft lowered Intuitive Surgical from a "hold" rating to a "sell" rating and lowered their target price for the stock from $515.00 to $440.00 in a research report on Monday, June 9th. Evercore ISI lifted their price target on shares of Intuitive Surgical from $470.00 to $550.00 and gave the company an "in-line" rating in a research report on Tuesday. Finally, Royal Bank Of Canada lowered their price objective on shares of Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $592.59.

Insider Activity

In other news, EVP Gary Loeb sold 1,700 shares of the business's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $513.18, for a total value of $872,406.00. Following the transaction, the executive vice president owned 2,245 shares of the company's stock, valued at approximately $1,152,089.10. The trade was a 43.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jami K. Nachtsheim sold 2,400 shares of the business's stock in a transaction on 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 owned 6,371 shares in the company, valued at $3,312,920. This trade represents a 27.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,998 shares of company stock worth $2,611,577 over the last ninety days. Company insiders own 0.70% of the company's stock.

Intuitive Surgical Price Performance

ISRG traded up $0.83 during trading on Wednesday, hitting $528.13. 1,380,875 shares of the stock traded hands, compared to its average volume of 1,670,939. Intuitive Surgical, Inc. has a 12-month low of $413.82 and a 12-month high of $616.00. The firm has a market capitalization of $189.29 billion, a P/E ratio of 77.44, a price-to-earnings-growth ratio of 5.67 and a beta of 1.64. The firm has a 50-day moving average of $537.77 and a 200 day moving average of $536.93.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.10. Intuitive Surgical had a net margin of 28.41% and a return on equity of 14.43%. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the business earned $1.50 EPS. As a group, equities analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

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.