Robertson Stephens Wealth Management LLC Has $1.03 Million Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Robertson Stephens Wealth Management LLC boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 139.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,073 shares of the medical equipment provider's stock after buying an additional 1,209 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Intuitive Surgical were worth $1,027,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Strategic Advisors LLC increased its position in Intuitive Surgical by 514.4% during the first quarter. Strategic Advisors LLC now owns 3,895 shares of the medical equipment provider's stock worth $1,929,000 after buying an additional 3,261 shares during the last quarter. Chicago Capital LLC grew its position in shares of Intuitive Surgical by 5.9% in the first quarter. Chicago Capital LLC now owns 36,198 shares of the medical equipment provider's stock valued at $17,928,000 after purchasing an additional 2,022 shares during the last quarter. Kercheville Advisors LLC grew its position in shares of Intuitive Surgical by 23.8% in the first quarter. Kercheville Advisors LLC now owns 1,325 shares of the medical equipment provider's stock valued at $656,000 after purchasing an additional 255 shares during the last quarter. Patton Fund Management Inc. acquired a new position in shares of Intuitive Surgical in the first quarter valued at approximately $4,287,000. Finally, Schaper Benz & Wise Investment Counsel Inc. WI grew its position in shares of Intuitive Surgical by 0.9% in the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 34,841 shares of the medical equipment provider's stock valued at $17,256,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays decreased 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. Evercore ISI decreased 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 decreased 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. Citigroup reaffirmed a "buy" rating and issued a $650.00 target price (up previously from $590.00) on shares of Intuitive Surgical in a research report on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft downgraded Intuitive Surgical from a "hold" rating to a "sell" rating and decreased their target price for the company from $515.00 to $440.00 in a research report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $588.95.

Intuitive Surgical Price Performance

NASDAQ ISRG opened at $509.49 on Thursday. The business has a fifty day moving average price of $527.31 and a two-hundred day moving average price of $537.92. Intuitive Surgical, Inc. has a fifty-two week low of $413.82 and a fifty-two week high of $616.00. The stock has a market capitalization of $182.61 billion, a PE ratio of 74.71, a PEG ratio of 5.43 and a beta of 1.67.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last released its earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.10. Intuitive Surgical had a return on equity of 14.43% and a net margin of 28.41%. The firm had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.19 billion. During the same period in the prior year, the company earned $1.50 earnings per share. As a group, sell-side analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jami K. Nachtsheim sold 2,400 shares of the company'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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $121,631.76. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,998 shares of company stock worth $2,611,577 over the last three months. Insiders own 0.70% of the company's stock.

Intuitive Surgical 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.

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