MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $427.14 Million Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 818,295 shares of the medical equipment provider's stock after selling 7,562 shares during the quarter. Intuitive Surgical comprises about 0.9% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s investment portfolio, making the stock its 12th largest position. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.23% of Intuitive Surgical worth $427,142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ISRG. Bennett Selby Investments LP lifted its holdings in Intuitive Surgical by 3.9% during the 4th quarter. Bennett Selby Investments LP now owns 449 shares of the medical equipment provider's stock worth $234,000 after purchasing an additional 17 shares during the last quarter. Onefund LLC lifted its holdings in Intuitive Surgical by 1.9% during the 4th quarter. Onefund LLC now owns 947 shares of the medical equipment provider's stock worth $494,000 after purchasing an additional 18 shares during the last quarter. LVW Advisors LLC lifted its holdings in Intuitive Surgical by 1.3% during the 4th quarter. LVW Advisors LLC now owns 1,448 shares of the medical equipment provider's stock worth $756,000 after purchasing an additional 19 shares during the last quarter. Wesbanco Bank Inc. lifted its holdings in Intuitive Surgical by 1.6% during the 4th quarter. Wesbanco Bank Inc. now owns 1,216 shares of the medical equipment provider's stock worth $635,000 after purchasing an additional 19 shares during the last quarter. Finally, Journey Strategic Wealth LLC lifted its holdings in Intuitive Surgical by 1.9% during the 4th quarter. Journey Strategic Wealth LLC now owns 1,039 shares of the medical equipment provider's stock worth $542,000 after purchasing an additional 19 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company's stock.

Insider Buying and Selling

In other Intuitive Surgical news, VP Fredrik Widman sold 810 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $573.78, for a total value of $464,761.80. Following the sale, the vice president now owns 473 shares in the company, valued at approximately $271,397.94. The trade was a 63.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jamie Samath sold 188 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $566.94, for a total value of $106,584.72. Following the completion of the sale, the chief financial officer now owns 7,162 shares in the company, valued at $4,060,424.28. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,044 shares of company stock worth $17,070,433 in the last 90 days. Insiders own 0.70% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Leerink Partners lifted their price target on Intuitive Surgical from $490.00 to $548.00 in a report on Monday, January 27th. Erste Group Bank cut Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Piper Sandler dropped their price objective on Intuitive Surgical from $670.00 to $575.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada dropped their price objective on Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company lifted their price objective on Intuitive Surgical from $630.00 to $687.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, Intuitive Surgical presently has a consensus rating of "Moderate Buy" and an average target price of $598.95.

Intuitive Surgical Stock Down 0.3%

Shares of ISRG stock opened at $536.55 on Monday. The firm has a market capitalization of $192.31 billion, a P/E ratio of 83.71, a P/E/G ratio of 5.85 and a beta of 1.70. Intuitive Surgical, Inc. has a twelve month low of $379.67 and a twelve month high of $616.00. The stock's fifty day simple moving average is $500.93 and its 200 day simple moving average is $535.03.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.10. The business 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 quarter in the previous year, the company posted $1.50 EPS. As a group, equities research analysts expect 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.

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