Parcion Private Wealth LLC Sells 146 Shares of Intuitive Surgical, Inc. $ISRG

Parcion Private Wealth LLC decreased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 11.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,106 shares of the medical equipment provider’s stock after selling 146 shares during the quarter. Parcion Private Wealth LLC’s holdings in Intuitive Surgical were worth $601,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Chilton Capital Management LLC lifted its stake in Intuitive Surgical by 614.3% in the first quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider’s stock valued at $25,000 after buying an additional 43 shares in the last quarter. Elite Financial Inc. bought a new position in Intuitive Surgical in the first quarter valued at approximately $26,000. LFA Lugano Financial Advisors SA bought a new position in Intuitive Surgical in the first quarter valued at approximately $30,000. TD Capital Management LLC lifted its stake in Intuitive Surgical by 300.0% in the first quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock valued at $30,000 after buying an additional 45 shares in the last quarter. Finally, 1248 Management LLC bought a new position in Intuitive Surgical in the first quarter valued at approximately $30,000. Institutional investors own 83.64% of the company’s stock.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, Director Amy L. Ladd sold 336 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $470.11, for a total value of $157,956.96. Following the transaction, the director directly owned 1,074 shares in the company, valued at $504,898.14. The trade was a 23.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gary S. Guthart sold 29,360 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $472.49, for a total transaction of $13,872,306.40. Following the completion of the transaction, the insider owned 19,827 shares in the company, valued at approximately $9,368,059.23. This represents a 59.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,224 shares of company stock worth $21,716,492 over the last ninety days. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Intuitive Surgical from $599.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday. Zacks Research lowered shares of Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. The Goldman Sachs Group cut their price target on shares of Intuitive Surgical from $621.00 to $567.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Mizuho set a $575.00 price target on shares of Intuitive Surgical in a research note on Wednesday. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $685.00 price target on shares of Intuitive Surgical in a research note on Tuesday. Sixteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $599.68.

Intuitive Surgical Trading Up 13.9%

Shares of ISRG opened at $527.03 on Thursday. The company has a market cap of $188.93 billion, a price-to-earnings ratio of 69.71, a PEG ratio of 4.86 and a beta of 1.61. Intuitive Surgical, Inc. has a 1-year low of $425.00 and a 1-year high of $616.00. The company’s fifty day simple moving average is $455.28 and its 200 day simple moving average is $495.80.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.41. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.41 billion. Intuitive Surgical had a net margin of 28.58% and a return on equity of 15.03%. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.84 earnings per share. As a group, research analysts forecast that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current 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.