Wilmington Savings Fund Society FSB Decreases Stock Position in Intuitive Surgical, Inc. $ISRG

Wilmington Savings Fund Society FSB trimmed its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGFree Report) by 99.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,096 shares of the medical equipment provider’s stock after selling 565,029 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Intuitive Surgical were worth $937,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ISRG. Kilter Group LLC purchased a new position in Intuitive Surgical in the 2nd quarter valued at $27,000. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Intuitive Surgical in the third quarter valued at about $27,000. Caitlin John LLC acquired a new stake in shares of Intuitive Surgical in the third quarter valued at about $30,000. Guerra Advisors Inc purchased a new position in shares of Intuitive Surgical in the third quarter worth about $37,000. Finally, Riggs Asset Managment Co. Inc. lifted its stake in shares of Intuitive Surgical by 84.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 70 shares of the medical equipment provider’s stock worth $38,000 after buying an additional 32 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Intuitive Surgical Stock Up 0.5%

NASDAQ:ISRG opened at $479.93 on Friday. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $603.88. The stock’s fifty day moving average is $505.00 and its two-hundred day moving average is $512.62. The company has a market capitalization of $170.44 billion, a P/E ratio of 60.83, a P/E/G ratio of 3.68 and a beta of 1.66.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last released its quarterly earnings results on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.26. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.The company’s revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.21 EPS. Sell-side analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Key Intuitive Surgical News

Here are the key news stories impacting Intuitive Surgical this week:

Insider Buying and Selling

In other Intuitive Surgical news, SVP Patricia L. Wadors sold 220 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $499.71, for a total transaction of $109,936.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Myriam Curet sold 421 shares of Intuitive Surgical stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $494.96, for a total transaction of $208,378.16. Following the sale, the executive vice president owned 409 shares of the company’s stock, valued at approximately $202,438.64. This represents a 50.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,943 shares of company stock valued at $17,279,568 over the last three months. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

ISRG has been the topic of a number of research reports. BTIG Research reissued a “buy” rating and issued a $616.00 target price on shares of Intuitive Surgical in a research note on Friday, January 23rd. Wall Street Zen lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Raymond James Financial raised their target price on Intuitive Surgical from $603.00 to $615.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Sanford C. Bernstein boosted their price target on shares of Intuitive Surgical from $740.00 to $750.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Finally, Zacks Research upgraded shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $614.95.

View Our Latest Report on Intuitive Surgical

Intuitive Surgical Company Profile

(Free Report)

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.

See Also

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

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