Sendero Wealth Management LLC Decreases Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Sendero Wealth Management LLC reduced its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 36.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,135 shares of the medical equipment provider's stock after selling 1,210 shares during the period. Sendero Wealth Management LLC's holdings in Intuitive Surgical were worth $1,057,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ISRG. Brighton Jones LLC grew its position in shares of 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 acquiring an additional 731 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Intuitive Surgical in the fourth quarter worth $6,509,000. U.S. Capital Wealth Advisors LLC raised its stake in shares of Intuitive Surgical by 19.6% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 2,265 shares of the medical equipment provider's stock valued at $1,182,000 after buying an additional 371 shares during the period. CENTRAL TRUST Co grew its stake in shares of Intuitive Surgical by 12.0% during the 4th quarter. CENTRAL TRUST Co now owns 2,512 shares of the medical equipment provider's stock worth $1,311,000 after acquiring an additional 269 shares during the period. Finally, Optas LLC increased its holdings in Intuitive Surgical by 22.1% in the 4th quarter. Optas LLC now owns 795 shares of the medical equipment provider's stock worth $415,000 after acquiring an additional 144 shares during the last quarter. Institutional investors own 83.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ISRG shares. Robert W. Baird cut their price target on Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Truist Financial reduced their target price on Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada lowered their price target 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. BTIG Research set a $560.00 price objective on shares of Intuitive Surgical and gave the company a "buy" rating in a research report on Monday, April 14th. Finally, Piper Sandler decreased their target price on shares of Intuitive Surgical from $670.00 to $575.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $596.05.

Insider Activity at Intuitive Surgical

In other news, Director Jami K. Nachtsheim sold 2,400 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $520.00, for a total value of $1,248,000.00. Following the completion of the transaction, the director now owns 6,371 shares of the company's stock, valued at $3,312,920. This represents a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Robert Desantis sold 11,545 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $499.22, for a total value of $5,763,494.90. Following the completion of the transaction, the executive vice president now directly owns 5,224 shares in the company, valued at approximately $2,607,925.28. This represents a 68.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,716 shares of company stock worth $12,831,288. 0.70% of the stock is owned by company insiders.

Intuitive Surgical Stock Performance

Shares of ISRG stock traded up $0.11 during mid-day trading on Thursday, hitting $558.06. The company's stock had a trading volume of 1,241,906 shares, compared to its average volume of 1,646,647. The business has a 50-day moving average price of $519.52 and a 200 day moving average price of $538.95. The stock has a market cap of $200.02 billion, a price-to-earnings ratio of 87.06, a PEG ratio of 5.85 and a beta of 1.67. Intuitive Surgical, Inc. has a 52-week low of $405.08 and a 52-week high of $616.00.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 27.81% and a return on equity of 14.55%. During the same period in the previous year, the business posted $1.50 earnings per share. Equities research 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.