Paradigm Asset Management Co. LLC Decreases Position in Intuitive Surgical, Inc. $ISRG

Paradigm Asset Management Co. LLC trimmed its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 25.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 300 shares of the medical equipment provider’s stock after selling 100 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Intuitive Surgical were worth $163,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. TD Capital Management LLC grew its position in Intuitive Surgical by 300.0% during the 1st quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock worth $30,000 after acquiring an additional 45 shares during the last quarter. 1248 Management LLC purchased a new stake in shares of Intuitive Surgical during the first quarter valued at approximately $30,000. Princeton Global Asset Management LLC bought a new position in shares of Intuitive Surgical in the second quarter worth approximately $30,000. Bank of Jackson Hole Trust increased its stake in shares of Intuitive Surgical by 70.5% in the first quarter. Bank of Jackson Hole Trust now owns 75 shares of the medical equipment provider’s stock worth $37,000 after buying an additional 31 shares during the period. Finally, CBIZ Investment Advisory Services LLC raised its holdings in Intuitive Surgical by 49.1% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the medical equipment provider’s stock valued at $41,000 after buying an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Up 2.2%

ISRG opened at $560.00 on Friday. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00. The stock has a market cap of $200.75 billion, a PE ratio of 74.07, a PEG ratio of 4.94 and a beta of 1.62. The business has a 50 day moving average of $471.89 and a 200-day moving average of $501.02.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.41. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.41 billion. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.84 earnings per share. Equities analysts anticipate that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, insider Gary S. Guthart sold 2,800 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $546.27, for a total value of $1,529,556.00. Following the sale, the insider owned 17,120 shares in the company, valued at approximately $9,352,142.40. This represents a 14.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Fredrik Widman sold 2,067 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $550.00, for a total transaction of $1,136,850.00. Following the transaction, the vice president directly owned 473 shares of the company’s stock, valued at $260,150. This represents a 81.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 98,078 shares of company stock valued at $51,445,892 over the last three months. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ISRG has been the topic of a number of analyst reports. Zacks Research upgraded shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Truist Financial set a $620.00 price target on Intuitive Surgical and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Erste Group Bank reiterated a “hold” rating on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Daiwa Capital Markets upped their target price on Intuitive Surgical from $510.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Finally, Royal Bank Of Canada set a $625.00 price target on Intuitive Surgical and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and a consensus target price of $608.92.

About Intuitive Surgical

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.