Vaughan Nelson Investment Management L.P. Cuts Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Vaughan Nelson Investment Management L.P. lowered its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 43.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,155 shares of the medical equipment provider's stock after selling 900 shares during the period. Vaughan Nelson Investment Management L.P.'s holdings in Intuitive Surgical were worth $572,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atala Financial Inc purchased a new position in Intuitive Surgical in the fourth quarter worth $25,000. Parvin Asset Management LLC purchased a new position in Intuitive Surgical in the fourth quarter worth $26,000. Global Financial Private Client LLC boosted its position in Intuitive Surgical by 253.3% in the first quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock worth $26,000 after purchasing an additional 38 shares during the last quarter. BankPlus Trust Department purchased a new position in shares of Intuitive Surgical during the 4th quarter valued at $28,000. Finally, Hurley Capital LLC purchased a new position in shares of Intuitive Surgical during the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 83.64% of the company's stock.

Intuitive Surgical Trading Down 0.2%

Shares of Intuitive Surgical stock opened at $512.18 on Monday. The firm has a market capitalization of $183.57 billion, a PE ratio of 79.90, a price-to-earnings-growth ratio of 5.85 and a beta of 1.67. The business's 50-day moving average price is $526.57 and its 200-day moving average price is $538.46. Intuitive Surgical, Inc. has a 12 month low of $413.82 and a 12 month high of $616.00.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The medical equipment provider reported $1.81 EPS for the quarter, beating the consensus estimate 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 14.55% and a net margin of 27.81%. During the same period in the prior year, the company earned $1.50 EPS. As a group, analysts predict that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ISRG has been the topic of a number of recent research reports. Royal Bank of Canada dropped their price target on Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. BTIG Research set a $560.00 price target on Intuitive Surgical and gave the company a "buy" rating in a research report on Monday, April 14th. Piper Sandler dropped their price target on Intuitive Surgical from $670.00 to $575.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Barclays dropped their price target 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. Finally, Robert W. Baird dropped their price target on Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating on the stock 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Intuitive Surgical presently has a consensus rating of "Moderate Buy" and a consensus target price of $588.95.

Insider Activity

In other Intuitive Surgical news, EVP Gary Loeb sold 1,700 shares of Intuitive Surgical 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 transaction, the executive vice president now directly owns 2,245 shares of the company's stock, valued at $1,152,089.10. The trade was a 43.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jami K. Nachtsheim sold 2,400 shares of Intuitive Surgical stock in a transaction that occurred on 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 directly owns 6,371 shares in the company, valued at $3,312,920. This trade represents a 27.36% 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 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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