Larson Financial Group LLC Sells 64 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Larson Financial Group LLC reduced its stake in Intuitive Surgical, Inc. (NASDAQ:ISRGFree Report) by 21.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231 shares of the medical equipment provider’s stock after selling 64 shares during the period. Larson Financial Group LLC’s holdings in Intuitive Surgical were worth $68,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Solstein Capital LLC bought a new stake in Intuitive Surgical in the second quarter worth $25,000. RFP Financial Group LLC boosted its holdings in Intuitive Surgical by 166.7% in the second quarter. RFP Financial Group LLC now owns 80 shares of the medical equipment provider’s stock worth $27,000 after acquiring an additional 50 shares in the last quarter. Marquette Asset Management LLC bought a new stake in Intuitive Surgical in the second quarter worth $28,000. Capital Advisors Ltd. LLC boosted its holdings in Intuitive Surgical by 200.0% in the second quarter. Capital Advisors Ltd. LLC now owns 87 shares of the medical equipment provider’s stock worth $30,000 after acquiring an additional 58 shares in the last quarter. Finally, Altshuler Shaham Ltd bought a new stake in Intuitive Surgical in the second quarter worth $31,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on ISRG. Piper Sandler boosted their target price on Intuitive Surgical from $325.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday. Wells Fargo & Company upped their price objective on Intuitive Surgical from $363.00 to $416.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Barclays upped their price target on Intuitive Surgical from $385.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday. Raymond James upped their price target on Intuitive Surgical from $372.00 to $435.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, SVB Leerink started coverage on Intuitive Surgical in a research report on Monday, October 16th. They set an “outperform” rating and a $342.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.60.

Get Our Latest Stock Report on Intuitive Surgical

Intuitive Surgical Stock Performance

ISRG traded down $0.77 during trading on Friday, hitting $374.20. 1,156,753 shares of the stock were exchanged, compared to its average volume of 2,040,329. The firm has a 50 day simple moving average of $333.32 and a 200 day simple moving average of $311.08. The firm has a market cap of $131.74 billion, a price-to-earnings ratio of 74.55, a P/E/G ratio of 5.53 and a beta of 1.36. Intuitive Surgical, Inc. has a 1 year low of $222.65 and a 1 year high of $384.00.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The medical equipment provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.12. Intuitive Surgical had a return on equity of 13.50% and a net margin of 25.24%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the business posted $0.91 EPS. The business’s revenue was up 16.6% compared to the same quarter last year. As a group, equities analysts anticipate that Intuitive Surgical, Inc. will post 5.04 earnings per share for the current fiscal year.

Insider Transactions at Intuitive Surgical

In other Intuitive Surgical news, Director Amal M. Johnson sold 9,567 shares of Intuitive Surgical stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $300.00, for a total transaction of $2,870,100.00. Following the completion of the sale, the director now owns 11,706 shares of the company’s stock, valued at approximately $3,511,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Intuitive Surgical news, Director Amal M. Johnson sold 9,567 shares of Intuitive Surgical stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $300.00, for a total transaction of $2,870,100.00. Following the completion of the sale, the director now owns 11,706 shares of the company’s stock, valued at approximately $3,511,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Myriam Curet sold 8,819 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $300.00, for a total value of $2,645,700.00. Following the completion of the transaction, the executive vice president now directly owns 189 shares of the company’s stock, valued at approximately $56,700. The disclosure for this sale can be found here. Insiders sold 21,253 shares of company stock valued at $6,347,230 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.

Intuitive Surgical Profile

(Free Report)

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 to enable 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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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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