Symphony Financial Ltd. Co. Purchases 1,644 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Symphony Financial Ltd. Co. lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 425.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,030 shares of the medical equipment provider's stock after purchasing an additional 1,644 shares during the quarter. Symphony Financial Ltd. Co.'s holdings in Intuitive Surgical were worth $952,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ISRG. Brighton Jones LLC grew its holdings in shares of Intuitive Surgical by 24.9% in the 4th quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider's stock worth $1,916,000 after purchasing an additional 731 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Intuitive Surgical by 0.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 190,969 shares of the medical equipment provider's stock worth $99,678,000 after purchasing an additional 883 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in shares of Intuitive Surgical by 28.6% in the 4th quarter. Wealthspire Advisors LLC now owns 1,645 shares of the medical equipment provider's stock worth $859,000 after purchasing an additional 366 shares during the last quarter. MONECO Advisors LLC grew its holdings in shares of Intuitive Surgical by 8.1% in the 4th quarter. MONECO Advisors LLC now owns 1,129 shares of the medical equipment provider's stock worth $589,000 after purchasing an additional 85 shares during the last quarter. Finally, World Equity Group Inc. lifted its position 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 worth $267,000 after buying an additional 95 shares in the last quarter. Institutional investors own 83.64% of the company's stock.

Insider Activity at Intuitive Surgical

In related news, Director Jami K. Nachtsheim sold 2,400 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $520.00, for a total transaction of $1,248,000.00. Following the completion of the sale, the director now directly owns 6,371 shares of the company's stock, valued at approximately $3,312,920. This represents a 27.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gary Loeb sold 1,700 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 2,245 shares of the company's stock, valued at approximately $1,152,089.10. The trade was a 43.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,998 shares of company stock worth $2,611,577 in the last ninety days. Company insiders own 0.70% of the company's stock.

Intuitive Surgical Price Performance

Shares of NASDAQ:ISRG opened at $515.09 on Tuesday. The company has a market capitalization of $184.62 billion, a price-to-earnings ratio of 75.53, a P/E/G ratio of 5.40 and a beta of 1.67. The firm's 50 day simple moving average is $528.53 and its 200 day simple moving average is $537.06. Intuitive Surgical, Inc. has a fifty-two week low of $413.82 and a fifty-two week high of $616.00.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.10. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.19 billion. Intuitive Surgical had a net margin of 28.41% and a return on equity of 14.43%. During the same period last year, the company posted $1.50 EPS. Equities research analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ISRG has been the topic of several research reports. Robert W. Baird reduced their price target on shares of Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Citigroup reiterated a "buy" rating and set a $650.00 price target (up previously from $590.00) on shares of Intuitive Surgical in a research report on Thursday, May 22nd. Evercore ISI reduced their price target on shares of 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 reduced their price target on shares of Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Barclays reduced their price target on shares of 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 assigned a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Intuitive Surgical presently has an average rating of "Moderate Buy" and a consensus price target of $588.95.

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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