Intuitive Surgical, Inc. (NASDAQ:ISRG) Stake Lowered by RiverPark Advisors LLC

RiverPark Advisors LLC cut its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 15.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,480 shares of the medical equipment provider’s stock after selling 818 shares during the quarter. Intuitive Surgical makes up 1.8% of RiverPark Advisors LLC’s portfolio, making the stock its 18th largest holding. RiverPark Advisors LLC’s holdings in Intuitive Surgical were worth $2,201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in ISRG. International Assets Investment Management LLC grew its holdings in shares of Intuitive Surgical by 49,383.6% during the third quarter. International Assets Investment Management LLC now owns 1,090,619 shares of the medical equipment provider’s stock valued at $535,788,000 after purchasing an additional 1,088,415 shares during the last quarter. Capital Research Global Investors bought a new position in Intuitive Surgical in the 1st quarter worth approximately $374,390,000. Strategic Financial Concepts LLC grew its holdings in Intuitive Surgical by 40,221.4% in the 2nd quarter. Strategic Financial Concepts LLC now owns 266,121 shares of the medical equipment provider’s stock worth $1,184,000 after buying an additional 265,461 shares in the last quarter. GQG Partners LLC bought a new position in Intuitive Surgical in the 1st quarter worth approximately $99,523,000. Finally, Canada Pension Plan Investment Board grew its holdings in Intuitive Surgical by 36.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 807,780 shares of the medical equipment provider’s stock worth $322,377,000 after buying an additional 215,444 shares in the last quarter. 83.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ISRG shares. Citigroup increased their price objective on Intuitive Surgical from $512.00 to $560.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Oppenheimer reissued a “market perform” rating on shares of Intuitive Surgical in a report on Friday, October 18th. JPMorgan Chase & Co. increased their price objective on Intuitive Surgical from $495.00 to $575.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Leerink Partners upped their target price on Intuitive Surgical from $489.00 to $502.00 in a research report on Thursday, October 17th. Finally, Redburn Atlantic upgraded Intuitive Surgical from a “neutral” rating to a “buy” rating and upped their target price for the stock from $380.00 to $510.00 in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $513.74.

Insider Activity

In other news, insider Jamie Samath sold 22,903 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $525.00, for a total value of $12,024,075.00. Following the completion of the sale, the insider now owns 8,757 shares in the company, valued at $4,597,425. This represents a 72.34 % 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 link. Also, EVP Robert Desantis sold 396 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $486.88, for a total transaction of $192,804.48. Following the completion of the transaction, the executive vice president now directly owns 5,506 shares in the company, valued at $2,680,761.28. This trade represents a 6.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 91,178 shares of company stock worth $45,897,071 over the last quarter. Corporate insiders own 0.90% of the company’s stock.

Intuitive Surgical Stock Down 1.9 %

ISRG opened at $527.61 on Friday. The stock has a fifty day moving average of $499.29 and a 200-day moving average of $457.89. The firm has a market capitalization of $187.92 billion, a P/E ratio of 84.82, a PEG ratio of 5.19 and a beta of 1.39. Intuitive Surgical, Inc. has a 12-month low of $295.02 and a 12-month high of $544.38.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.32. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.01 billion. Intuitive Surgical had a return on equity of 13.41% and a net margin of 28.51%. On average, analysts expect that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current fiscal year.

Intuitive Surgical 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.