Sigma Investment Counselors Inc. Has $3.68 Million Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Sigma Investment Counselors Inc. increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,321 shares of the medical equipment provider’s stock after purchasing an additional 93 shares during the period. Sigma Investment Counselors Inc.’s holdings in Intuitive Surgical were worth $3,677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Standard Family Office LLC acquired a new position in Intuitive Surgical in the 4th quarter valued at $27,000. IronBridge Private Wealth LLC increased its stake in shares of Intuitive Surgical by 200.0% in the 4th quarter. IronBridge Private Wealth LLC now owns 81 shares of the medical equipment provider’s stock valued at $29,000 after purchasing an additional 54 shares during the last quarter. Vectors Research Management LLC increased its stake in shares of Intuitive Surgical by 200.0% in the 4th quarter. Vectors Research Management LLC now owns 90 shares of the medical equipment provider’s stock valued at $32,000 after purchasing an additional 60 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in shares of Intuitive Surgical by 145.2% in the 1st quarter. JFS Wealth Advisors LLC now owns 103 shares of the medical equipment provider’s stock valued at $31,000 after purchasing an additional 61 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. bought a new position in shares of Intuitive Surgical in the 4th quarter valued at $30,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Intuitive Surgical Price Performance

Shares of NASDAQ:ISRG traded down $1.77 during trading on Friday, hitting $189.31. 32,420 shares of the company were exchanged, compared to its average volume of 1,720,567. The company has a market cap of $67.60 billion, a PE ratio of 48.62, a P/E/G ratio of 5.43 and a beta of 1.31. The stock has a 50 day moving average of $219.31 and a 200 day moving average of $233.72. Intuitive Surgical, Inc. has a 52-week low of $186.83 and a 52-week high of $369.69.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last issued its quarterly earnings data on Thursday, July 21st. The medical equipment provider reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). Intuitive Surgical had a return on equity of 12.04% and a net margin of 24.05%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the business posted $1.42 EPS. Sell-side analysts forecast that Intuitive Surgical, Inc. will post 3.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ISRG has been the topic of a number of research reports. Piper Sandler boosted their price objective on Intuitive Surgical from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, August 18th. BTIG Research reduced their price target on Intuitive Surgical from $355.00 to $247.00 and set a “buy” rating on the stock in a research report on Monday, July 18th. Raymond James reduced their price target on Intuitive Surgical from $294.00 to $255.00 in a research report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on Intuitive Surgical from $225.00 to $205.00 in a research report on Friday, July 22nd. Finally, Truist Financial reduced their price target on Intuitive Surgical from $270.00 to $255.00 and set a “buy” rating on the stock in a research report on Friday, July 22nd. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $268.00.

Insider Buying and Selling at Intuitive Surgical

In related news, EVP Myriam Curet sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $225.00, for a total value of $2,025,000.00. Following the sale, the executive vice president now directly owns 217 shares of the company’s stock, valued at $48,825. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Amal M. Johnson sold 6,375 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $238.04, for a total value of $1,517,505.00. Following the completion of the transaction, the director now owns 11,224 shares of the company’s stock, valued at approximately $2,671,760.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Myriam Curet sold 9,000 shares of the business’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $225.00, for a total transaction of $2,025,000.00. Following the completion of the sale, the executive vice president now owns 217 shares in the company, valued at approximately $48,825. The disclosure for this sale can be found here. Insiders have sold 101,162 shares of company stock worth $22,062,916 over the last 90 days. Corporate insiders own 0.90% of the company’s stock.

Intuitive Surgical Company Profile

(Get Rating)

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 to enable 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.

See Also

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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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