Maple Capital Management Inc. Has $20.84 Million Stock Holdings in Intuitive Surgical, Inc. $ISRG

Maple Capital Management Inc. lowered its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,355 shares of the medical equipment provider’s stock after selling 268 shares during the quarter. Intuitive Surgical accounts for about 1.4% of Maple Capital Management Inc.’s holdings, making the stock its 23rd largest position. Maple Capital Management Inc.’s holdings in Intuitive Surgical were worth $20,842,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ISRG. Tobam raised its stake in shares of Intuitive Surgical by 666.7% in the 2nd quarter. Tobam now owns 46 shares of the medical equipment provider’s stock valued at $25,000 after buying an additional 40 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in Intuitive Surgical in the second quarter worth about $30,000. TD Capital Management LLC lifted its stake in Intuitive Surgical by 300.0% during the first quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock worth $30,000 after purchasing an additional 45 shares during the period. 1248 Management LLC acquired a new stake in Intuitive Surgical during the first quarter valued at approximately $30,000. Finally, Bank of Jackson Hole Trust boosted its holdings in Intuitive Surgical by 70.5% during the first quarter. Bank of Jackson Hole Trust now owns 75 shares of the medical equipment provider’s stock valued at $37,000 after purchasing an additional 31 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, EVP Myriam Curet sold 125 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $543.00, for a total transaction of $67,875.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Fredrik Widman sold 2,067 shares of Intuitive Surgical stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $550.00, for a total transaction of $1,136,850.00. Following the sale, the vice president owned 473 shares of the company’s stock, valued at approximately $260,150. This represents a 81.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 98,078 shares of company stock valued at $51,445,892 over the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on ISRG shares. Piper Sandler raised their target price on Intuitive Surgical from $595.00 to $610.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. HSBC boosted their target price on shares of Intuitive Surgical from $595.00 to $644.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Argus increased their target price on shares of Intuitive Surgical from $600.00 to $630.00 in a research report on Monday, October 27th. Mizuho set a $575.00 price target on shares of Intuitive Surgical in a report on Wednesday, October 22nd. Finally, Daiwa Capital Markets upped their price objective on shares of Intuitive Surgical from $510.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $608.92.

Intuitive Surgical Trading Down 0.7%

Shares of ISRG stock opened at $572.17 on Wednesday. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $616.00. The firm’s 50 day moving average is $476.01 and its 200-day moving average is $502.00. The firm has a market capitalization of $205.11 billion, a price-to-earnings ratio of 75.68, a PEG ratio of 4.94 and a beta of 1.62.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.41. Intuitive Surgical had a net margin of 28.58% and a return on equity of 15.08%. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the business posted $1.84 earnings per share. Intuitive Surgical’s revenue for the quarter was up 22.9% compared to the same quarter last year. On average, equities research analysts forecast that Intuitive Surgical, Inc. will post 6.43 earnings per share 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.