Hancock Whitney Corp Lowers Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Hancock Whitney Corp decreased its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.5% in the third quarter, Holdings Channel reports. The institutional investor owned 53,065 shares of the medical equipment provider’s stock after selling 258 shares during the period. Intuitive Surgical accounts for about 0.8% of Hancock Whitney Corp’s portfolio, making the stock its 22nd largest position. Hancock Whitney Corp’s holdings in Intuitive Surgical were worth $26,069,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Creekmur Asset Management LLC lifted its position in shares of Intuitive Surgical by 200.0% during the 1st quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider’s stock valued at $25,000 after buying an additional 42 shares in the last quarter. Ridgewood Investments LLC acquired a new position in Intuitive Surgical during the second quarter worth $26,000. Godsey & Gibb Inc. lifted its holdings in Intuitive Surgical by 140.0% during the third quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock valued at $29,000 after purchasing an additional 35 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Intuitive Surgical in the first quarter valued at about $30,000. Finally, LGT Financial Advisors LLC increased its stake in shares of Intuitive Surgical by 415.4% during the second quarter. LGT Financial Advisors LLC now owns 67 shares of the medical equipment provider’s stock worth $30,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Intuitive Surgical Price Performance

Shares of NASDAQ ISRG opened at $552.00 on Monday. Intuitive Surgical, Inc. has a 1 year low of $304.50 and a 1 year high of $552.00. The company has a market capitalization of $196.61 billion, a P/E ratio of 88.08, a P/E/G ratio of 5.39 and a beta of 1.39. The company has a 50 day simple moving average of $504.73 and a 200-day simple moving average of $464.13.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on ISRG shares. Erste Group Bank upgraded Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Mizuho lifted their price target on Intuitive Surgical from $440.00 to $500.00 in a research note on Thursday, October 17th. JPMorgan Chase & Co. increased their price objective on Intuitive Surgical from $495.00 to $575.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Truist Financial lifted their target price on shares of Intuitive Surgical from $520.00 to $570.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Finally, Stifel Nicolaus increased their target price on shares of Intuitive Surgical from $475.00 to $525.00 and gave the company a “buy” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $524.61.

Insider Buying and Selling at Intuitive Surgical

In other news, insider Jamie Samath sold 269 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $539.89, for a total value of $145,230.41. Following the sale, the insider now directly owns 8,757 shares of the company’s stock, valued at approximately $4,727,816.73. The trade was a 2.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brian Edward Miller sold 2,553 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $515.00, for a total transaction of $1,314,795.00. Following the transaction, the executive vice president now directly owns 7,066 shares of the company’s stock, valued at $3,638,990. The trade was a 26.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,539 shares of company stock valued at $26,112,364 over the last 90 days. 0.80% of the stock is owned by insiders.

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.