AIA Group Ltd Sells 353 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

AIA Group Ltd reduced its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,078 shares of the medical equipment provider’s stock after selling 353 shares during the period. AIA Group Ltd’s holdings in Intuitive Surgical were worth $1,327,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ISRG. Modera Wealth Management LLC raised its position in shares of Intuitive Surgical by 2.4% in the third quarter. Modera Wealth Management LLC now owns 1,739 shares of the medical equipment provider’s stock valued at $326,000 after purchasing an additional 41 shares during the period. ICICI Prudential Asset Management Co Ltd raised its position in shares of Intuitive Surgical by 4.1% in the second quarter. ICICI Prudential Asset Management Co Ltd now owns 1,070 shares of the medical equipment provider’s stock valued at $217,000 after purchasing an additional 42 shares during the period. Sepio Capital LP raised its position in shares of Intuitive Surgical by 0.7% in the third quarter. Sepio Capital LP now owns 6,673 shares of the medical equipment provider’s stock valued at $1,251,000 after purchasing an additional 45 shares during the period. Douglass Winthrop Advisors LLC grew its stake in shares of Intuitive Surgical by 2.0% in the first quarter. Douglass Winthrop Advisors LLC now owns 2,308 shares of the medical equipment provider’s stock valued at $696,000 after acquiring an additional 46 shares in the last quarter. Finally, Roundview Capital LLC grew its stake in shares of Intuitive Surgical by 0.5% in the second quarter. Roundview Capital LLC now owns 9,395 shares of the medical equipment provider’s stock valued at $1,886,000 after acquiring an additional 46 shares in the last quarter. 81.96% of the stock is owned by institutional investors.

Intuitive Surgical Trading Up 0.8 %

ISRG opened at $257.98 on Wednesday. The company’s 50 day moving average is $264.91 and its 200-day moving average is $234.18. Intuitive Surgical, Inc. has a 1-year low of $180.07 and a 1-year high of $308.97. The company has a market cap of $91.17 billion, a P/E ratio of 68.07, a PEG ratio of 4.90 and a beta of 1.36.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last posted its quarterly earnings results on Tuesday, January 24th. The medical equipment provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.02). Intuitive Surgical had a net margin of 22.52% and a return on equity of 11.54%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the business posted $1.30 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities analysts forecast that Intuitive Surgical, Inc. will post 3.77 EPS for the current year.

Insider Activity at Intuitive Surgical

In related news, Director Amal M. Johnson sold 6,375 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $239.36, for a total value of $1,525,920.00. Following the completion of the transaction, the director now owns 11,224 shares in the company, valued at approximately $2,686,576.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Amal M. Johnson sold 6,375 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $239.36, for a total value of $1,525,920.00. Following the completion of the transaction, the director now owns 11,224 shares in the company, valued at approximately $2,686,576.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Myriam Curet sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $250.06, for a total transaction of $2,000,480.00. Following the completion of the transaction, the executive vice president now owns 217 shares of the company’s stock, valued at approximately $54,263.02. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ISRG has been the topic of several research reports. Argus upped their price target on shares of Intuitive Surgical from $265.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, December 22nd. Jefferies Financial Group initiated coverage on shares of Intuitive Surgical in a research note on Wednesday, October 12th. They issued a “hold” rating and a $210.00 price target on the stock. Morgan Stanley upped their price target on shares of Intuitive Surgical from $235.00 to $290.00 and gave the company an “equal weight” rating in a research note on Friday, January 6th. Truist Financial decreased their price target on shares of Intuitive Surgical from $310.00 to $300.00 in a research note on Wednesday. Finally, Piper Sandler upped their price target on shares of Intuitive Surgical from $260.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, October 19th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $278.21.

Intuitive Surgical Company Profile

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Intuitive Surgical, Inc engages in the development, manufacture, and marketing of da Vinci Surgical Systems, and related instruments and accessories for invasive surgery. Its products include Da Vinci and Ion. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G. Younge in November 1995 and is headquartered in Sunnyvale, CA.

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

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