Sava Infond d.o.o. Sells 650 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Sava Infond d.o.o. cut its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 6.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,890 shares of the medical equipment provider's stock after selling 650 shares during the quarter. Intuitive Surgical makes up approximately 0.8% of Sava Infond d.o.o.'s holdings, making the stock its 29th biggest position. Sava Infond d.o.o.'s holdings in Intuitive Surgical were worth $4,403,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ISRG. Brighton Jones LLC grew its holdings in Intuitive Surgical by 24.9% during the 4th quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider's stock valued at $1,916,000 after buying an additional 731 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Intuitive Surgical by 0.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 190,969 shares of the medical equipment provider's stock valued at $99,678,000 after buying an additional 883 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in Intuitive Surgical by 28.6% during the 4th quarter. Wealthspire Advisors LLC now owns 1,645 shares of the medical equipment provider's stock valued at $859,000 after buying an additional 366 shares in the last quarter. MONECO Advisors LLC grew its holdings in Intuitive Surgical by 8.1% during the 4th quarter. MONECO Advisors LLC now owns 1,129 shares of the medical equipment provider's stock valued at $589,000 after buying an additional 85 shares in the last quarter. Finally, World Equity Group Inc. grew its holdings in Intuitive Surgical by 22.8% during the 4th quarter. World Equity Group Inc. now owns 512 shares of the medical equipment provider's stock valued at $267,000 after buying an additional 95 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ISRG has been the subject of a number of research analyst reports. Erste Group Bank raised shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Barclays cut their price objective on shares of Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Citigroup reiterated a "buy" rating and set a $650.00 target price (up from $590.00) on shares of Intuitive Surgical in a research report on Thursday, May 22nd. Robert W. Baird lowered their target price on Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Royal Bank Of Canada lowered their target price on Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $588.95.

Intuitive Surgical Stock Up 1.1%

Shares of ISRG opened at $515.09 on Tuesday. The company has a market cap of $184.62 billion, a PE ratio of 75.53, a P/E/G ratio of 5.40 and a beta of 1.67. The business has a fifty day moving average of $528.53 and a 200 day moving average of $537.06. Intuitive Surgical, Inc. has a 52-week low of $413.82 and a 52-week high of $616.00.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its quarterly 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 the consensus estimate of $2.19 billion. Intuitive Surgical had a return on equity of 14.43% and a net margin of 28.41%. During the same period last year, the company earned $1.50 earnings per share. As a group, research analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Insider Transactions at Intuitive Surgical

In other news, EVP Robert Desantis sold 188 shares of Intuitive Surgical stock in a transaction on Monday, April 28th. The stock was sold at an average price of $515.91, for a total transaction of $96,991.08. Following the completion of the sale, the executive vice president now directly owns 5,224 shares in the company, valued at approximately $2,695,113.84. This trade represents a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Brosius sold 216 shares of Intuitive Surgical 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 sale, the senior vice president now owns 907 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders sold 4,998 shares of company stock worth $2,611,577. 0.70% of the stock is currently owned by insiders.

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.

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