Western Wealth Management LLC Buys 810 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Western Wealth Management LLC boosted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 23.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,314 shares of the medical equipment provider's stock after purchasing an additional 810 shares during the quarter. Western Wealth Management LLC's holdings in Intuitive Surgical were worth $2,137,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ISRG. Sequoia Financial Advisors LLC grew its position in shares of Intuitive Surgical by 0.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 8,587 shares of the medical equipment provider's stock worth $4,253,000 after buying an additional 27 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Intuitive Surgical by 13.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 356,144 shares of the medical equipment provider's stock valued at $176,387,000 after acquiring an additional 42,774 shares in the last quarter. Kavar Capital Partners Group LLC grew its holdings in Intuitive Surgical by 13.8% in the first quarter. Kavar Capital Partners Group LLC now owns 496 shares of the medical equipment provider's stock worth $246,000 after purchasing an additional 60 shares during the last quarter. Terra Nova Asset Management LLC increased its position in shares of Intuitive Surgical by 4.9% during the first quarter. Terra Nova Asset Management LLC now owns 4,645 shares of the medical equipment provider's stock worth $2,301,000 after purchasing an additional 217 shares in the last quarter. Finally, Pure Financial Advisors LLC lifted its holdings in shares of Intuitive Surgical by 34.5% during the 1st quarter. Pure Financial Advisors LLC now owns 2,024 shares of the medical equipment provider's stock valued at $1,002,000 after purchasing an additional 519 shares during the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Intuitive Surgical Stock Performance

Shares of ISRG opened at $534.19 on Friday. The company has a market capitalization of $191.46 billion, a P/E ratio of 78.33, a P/E/G ratio of 5.53 and a beta of 1.67. The business's 50-day moving average is $531.06 and its two-hundred day moving average is $536.83. 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 posted its earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.71 by $0.10. Intuitive Surgical had a return on equity of 14.43% and a net margin of 28.41%. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the company earned $1.50 earnings per share. Analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insider Activity

In other news, EVP Robert Desantis sold 188 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $515.91, for a total transaction of $96,991.08. Following the sale, the executive vice president now directly owns 5,224 shares of the company's stock, 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, SVP Mark Brosius sold 216 shares of Intuitive Surgical stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $563.11, for a total value of $121,631.76. Following the completion of the transaction, the senior vice president now owns 907 shares of the company's stock, valued at approximately $510,740.77. This represents a 19.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,998 shares of company stock valued at $2,611,577 in the last three months. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on ISRG. Piper Sandler lowered their price objective on Intuitive Surgical from $670.00 to $575.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft downgraded Intuitive Surgical from a "hold" rating to a "sell" rating and lowered their price target for the stock from $515.00 to $440.00 in a report on Monday, June 9th. 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. Royal Bank Of Canada lowered their target price on shares of Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, BTIG Research set a $560.00 target price on shares of Intuitive Surgical and gave the stock a "buy" rating in a research report on Monday, April 14th. One investment 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. Based on data from MarketBeat, Intuitive Surgical currently has an average rating of "Moderate Buy" and an average price target of $588.95.

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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