C WorldWide Group Holding A S Sells 16,000 Shares of Intuitive Surgical, Inc. $ISRG

C WorldWide Group Holding A S lowered its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,311 shares of the medical equipment provider’s stock after selling 16,000 shares during the quarter. Intuitive Surgical comprises approximately 0.8% of C WorldWide Group Holding A S’s holdings, making the stock its 21st largest holding. C WorldWide Group Holding A S’s holdings in Intuitive Surgical were worth $44,352,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. increased its holdings in Intuitive Surgical by 300.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 44 shares of the medical equipment provider’s stock valued at $25,000 after buying an additional 33 shares during the period. Holos Integrated Wealth LLC bought a new stake in Intuitive Surgical in the 4th quarter valued at $25,000. Olistico Wealth LLC bought a new stake in Intuitive Surgical in the 4th quarter valued at $28,000. Laurel Wealth Advisors LLC bought a new stake in Intuitive Surgical in the 4th quarter valued at $31,000. Finally, Turning Point Benefit Group Inc. increased its holdings in Intuitive Surgical by 833.3% in the 4th quarter. Turning Point Benefit Group Inc. now owns 56 shares of the medical equipment provider’s stock valued at $32,000 after buying an additional 50 shares during the period. Institutional investors own 83.64% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ISRG shares. Robert W. Baird boosted their price target on shares of Intuitive Surgical from $575.00 to $610.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Piper Sandler lowered their price target on shares of Intuitive Surgical from $620.00 to $580.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Evercore lowered their price target on shares of Intuitive Surgical from $550.00 to $480.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. Wall Street Zen lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Argus lowered their price target on shares of Intuitive Surgical from $630.00 to $560.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Eighteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $581.91.

Intuitive Surgical Stock Performance

Shares of NASDAQ:ISRG opened at $450.06 on Monday. Intuitive Surgical, Inc. has a 52 week low of $427.84 and a 52 week high of $603.88. The company’s fifty day moving average is $472.19 and its 200-day moving average is $517.39. The company has a market capitalization of $159.39 billion, a PE ratio of 54.55, a P/E/G ratio of 3.59 and a beta of 1.51.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Tuesday, April 21st. The medical equipment provider reported $2.50 EPS for the quarter, beating the consensus estimate of $2.08 by $0.42. Intuitive Surgical had a net margin of 28.15% and a return on equity of 15.98%. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the company earned $1.81 EPS. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, analysts forecast that Intuitive Surgical, Inc. will post 8.57 EPS for the current year.

Insider Buying and Selling

In other news, Director Amy L. Ladd sold 119 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $463.50, for a total value of $55,156.50. Following the sale, the director owned 120 shares in the company, valued at approximately $55,620. The trade was a 49.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Patricia L. Wadors sold 220 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $499.71, for a total transaction of $109,936.20. The SEC filing for this sale provides additional information. Insiders have sold 5,906 shares of company stock worth $2,907,726 in the last three months. Company insiders own 0.60% of the company’s stock.

Intuitive Surgical Profile

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.