Thoroughbred Financial Services LLC Cuts Stock Holdings in Intuitive Surgical, Inc. $ISRG

Thoroughbred Financial Services LLC reduced its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 17.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,852 shares of the medical equipment provider’s stock after selling 1,489 shares during the period. Thoroughbred Financial Services LLC’s holdings in Intuitive Surgical were worth $3,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ISRG. Advisory Resource Group raised its position in shares of Intuitive Surgical by 5.3% in the second quarter. Advisory Resource Group now owns 2,050 shares of the medical equipment provider’s stock worth $1,114,000 after acquiring an additional 103 shares during the period. WealthShield Partners LLC purchased a new position in shares of Intuitive Surgical in the 2nd quarter valued at about $2,261,000. Meridian Wealth Management LLC increased its stake in shares of Intuitive Surgical by 0.4% in the 2nd quarter. Meridian Wealth Management LLC now owns 32,559 shares of the medical equipment provider’s stock valued at $17,693,000 after purchasing an additional 140 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Intuitive Surgical by 7.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 87,904 shares of the medical equipment provider’s stock worth $47,768,000 after purchasing an additional 6,341 shares during the period. Finally, Empower Advisory Group LLC boosted its position in Intuitive Surgical by 142.1% during the second quarter. Empower Advisory Group LLC now owns 7,302 shares of the medical equipment provider’s stock worth $3,968,000 after purchasing an additional 4,286 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ISRG shares. UBS Group set a $600.00 price objective on Intuitive Surgical and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $685.00 price target on shares of Intuitive Surgical in a report on Tuesday, October 21st. Hsbc Global Res upgraded shares of Intuitive Surgical to a “strong-buy” rating in a research report on Thursday, October 23rd. Mizuho set a $575.00 price objective on shares of Intuitive Surgical in a report on Wednesday, October 22nd. Finally, Argus boosted their target price on shares of Intuitive Surgical from $600.00 to $630.00 in a research note on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $608.92.

Intuitive Surgical Stock Down 2.8%

Shares of NASDAQ ISRG opened at $549.51 on Friday. The firm has a 50-day simple moving average of $482.51 and a 200-day simple moving average of $503.18. The stock has a market capitalization of $196.99 billion, a price-to-earnings ratio of 72.69, a price-to-earnings-growth ratio of 4.94 and a beta of 1.62. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly 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 firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.41 billion. Intuitive Surgical had a net margin of 28.58% and a return on equity of 15.08%. Intuitive Surgical’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.84 earnings per share. As a group, equities research analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insiders Place Their Bets

In related news, Director Craig H. Barratt sold 750 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $580.00, for a total value of $435,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Myriam Curet sold 105 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $560.00, for a total value of $58,800.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 116,164 shares of company stock valued at $61,916,172. Insiders own 0.70% of the company’s stock.

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.