Lecap Asset Management Ltd. Acquires Shares of 3,592 Intuitive Surgical, Inc. (NASDAQ:ISRG)

Lecap Asset Management Ltd. purchased a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,592 shares of the medical equipment provider's stock, valued at approximately $1,779,000.

A number of other large investors have also recently modified their holdings of the company. Balance Wealth LLC purchased a new stake in shares of Intuitive Surgical in the first quarter valued at approximately $1,223,000. TABR Capital Management LLC purchased a new stake in shares of Intuitive Surgical in the first quarter valued at approximately $209,000. International Assets Investment Management LLC boosted its holdings in shares of Intuitive Surgical by 14.5% in the first quarter. International Assets Investment Management LLC now owns 2,379 shares of the medical equipment provider's stock valued at $1,178,000 after purchasing an additional 301 shares during the period. Proactive Wealth Strategies LLC boosted its holdings in shares of Intuitive Surgical by 3.4% in the first quarter. Proactive Wealth Strategies LLC now owns 917 shares of the medical equipment provider's stock valued at $454,000 after purchasing an additional 30 shares during the period. Finally, Balboa Wealth Partners boosted its holdings in shares of Intuitive Surgical by 15.6% in the first quarter. Balboa Wealth Partners now owns 1,456 shares of the medical equipment provider's stock valued at $721,000 after purchasing an additional 196 shares during the period. Hedge funds and other institutional investors own 83.64% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ISRG shares. Deutsche Bank Aktiengesellschaft lowered Intuitive Surgical from a "hold" rating to a "sell" rating and lowered their price target for the company from $515.00 to $440.00 in a report on Monday, June 9th. Evercore ISI dropped their target price on Intuitive Surgical from $510.00 to $470.00 and set an "in-line" rating on the stock in a research report on Wednesday, April 23rd. Truist Financial dropped their target price on Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Robert W. Baird dropped their target price on Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Barclays dropped their target price on Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating on the stock 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's stock. According to MarketBeat, Intuitive Surgical currently has a consensus rating of "Moderate Buy" and a consensus target price of $588.95.

Insider Buying and Selling

In related news, EVP Gary Loeb sold 1,700 shares of the firm's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $513.18, for a total value of $872,406.00. Following the completion of the transaction, the executive vice president now owns 2,245 shares in the company, valued at $1,152,089.10. This trade represents a 43.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mark Brosius sold 216 shares of the firm'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 completion of the transaction, the senior vice president now owns 907 shares of the company's stock, valued at $510,740.77. This trade represents a 19.23% 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 in the last 90 days. Insiders own 0.70% of the company's stock.

Intuitive Surgical Stock Down 0.1%

Shares of Intuitive Surgical stock traded down $0.48 during trading on Friday, reaching $533.71. The company's stock had a trading volume of 2,014,026 shares, compared to its average volume of 1,675,502. The company has a market cap of $191.29 billion, a price-to-earnings ratio of 78.26, a P/E/G ratio of 5.67 and a beta of 1.67. Intuitive Surgical, Inc. has a 1-year low of $413.82 and a 1-year high of $616.00. The company has a 50-day simple moving average of $532.08 and a two-hundred day simple moving average of $536.80.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its earnings results 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. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.19 billion. Intuitive Surgical had a return on equity of 14.43% and a net margin of 28.41%. During the same quarter last year, the business posted $1.50 EPS. As a group, analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current 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.