Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. lessened its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 10.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,366 shares of the medical equipment provider's stock after selling 1,965 shares during the period. Sigma Investment Counselors Inc.'s holdings in Intuitive Surgical were worth $8,106,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ISRG. Atala Financial Inc bought a new position in Intuitive Surgical in the 4th quarter worth approximately $25,000. Hurley Capital LLC acquired a new stake in shares of Intuitive Surgical in the 4th quarter valued at $28,000. Parvin Asset Management LLC bought a new position in shares of Intuitive Surgical in the fourth quarter valued at approximately $26,000. Chilton Capital Management LLC grew its stake in shares of Intuitive Surgical by 614.3% in 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 during the last quarter. Finally, Global Financial Private Client LLC increased its holdings in Intuitive Surgical by 253.3% in the 1st quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock valued at $26,000 after buying an additional 38 shares during the period. Hedge funds and other institutional investors own 83.64% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ISRG shares. 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 report on Wednesday, April 23rd. Citigroup restated a "buy" rating and issued a $650.00 price target (up from $590.00) on shares of Intuitive Surgical in a research note on Thursday, May 22nd. Erste Group Bank upgraded shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. Piper Sandler reduced their price target on Intuitive Surgical from $670.00 to $575.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Finally, Evercore ISI increased their price target on Intuitive Surgical from $470.00 to $550.00 and gave the stock an "in-line" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned 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 an average target price of $592.59.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, EVP Robert Desantis sold 188 shares of the stock in a transaction on Monday, April 28th. The shares were sold at an average price of $515.91, for a total transaction of $96,991.08. Following the transaction, the executive vice president directly owned 5,224 shares in the company, valued at $2,695,113.84. This represents a 3.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Gary Loeb sold 1,700 shares of Intuitive Surgical stock in a transaction dated 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 owned 2,245 shares of the company's stock, valued at $1,152,089.10. This trade represents a 43.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,998 shares of company stock worth $2,611,577. 0.70% of the stock is currently owned by insiders.

Intuitive Surgical Trading Down 2.7%

NASDAQ:ISRG traded down $13.99 during trading hours on Friday, hitting $512.06. The company's stock had a trading volume of 2,951,229 shares, compared to its average volume of 1,679,961. The stock has a fifty day moving average of $537.85 and a 200-day moving average of $536.69. The stock has a market capitalization of $183.53 billion, a P/E ratio of 75.08, a price-to-earnings-growth ratio of 5.58 and a beta of 1.64. 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 released 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 firm had revenue of $2.25 billion for 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 company posted $1.50 earnings per share. On average, sell-side analysts forecast 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.