Conning Inc. Sells 66 Shares of Intuitive Surgical, Inc. $ISRG

Conning Inc. lowered its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.4% in the 2nd quarter, Holdings Channel reports. The fund owned 2,632 shares of the medical equipment provider’s stock after selling 66 shares during the quarter. Conning Inc.’s holdings in Intuitive Surgical were worth $1,430,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ISRG. Chilton Capital Management LLC raised its position in shares of Intuitive Surgical by 614.3% in the 1st quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider’s stock worth $25,000 after acquiring an additional 43 shares in the last quarter. Elite Financial Inc. bought a new position in shares of Intuitive Surgical in the 1st quarter worth approximately $26,000. LFA Lugano Financial Advisors SA bought a new position in shares of Intuitive Surgical in the 1st quarter worth approximately $30,000. TD Capital Management LLC raised its position in shares of Intuitive Surgical by 300.0% in the 1st quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock worth $30,000 after acquiring an additional 45 shares in the last quarter. Finally, 1248 Management LLC bought a new position in Intuitive Surgical during the 1st quarter valued at approximately $30,000. Institutional investors own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

ISRG has been the subject of a number of analyst reports. UBS Group raised their price objective on Intuitive Surgical from $547.00 to $585.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Intuitive Surgical in a research report on Wednesday. Evercore ISI reduced their price objective on Intuitive Surgical from $535.00 to $450.00 and set an “in-line” rating for the company in a research report on Tuesday. Truist Financial raised their price objective on Intuitive Surgical from $590.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company raised their price objective on Intuitive Surgical from $559.00 to $599.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuitive Surgical currently has an average rating of “Moderate Buy” and a consensus price target of $589.43.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, EVP Myriam Curet sold 4,500 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $492.48, for a total transaction of $2,216,160.00. Following the sale, the executive vice president directly owned 353 shares in the company, valued at approximately $173,845.44. This trade represents a 92.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gary S. Guthart sold 29,360 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $472.49, for a total value of $13,872,306.40. Following the sale, the insider owned 19,827 shares in the company, valued at approximately $9,368,059.23. This represents a 59.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,224 shares of company stock worth $21,716,492. Insiders own 0.70% of the company’s stock.

Intuitive Surgical Trading Down 3.2%

Shares of ISRG opened at $429.59 on Friday. The business’s fifty day simple moving average is $458.68 and its two-hundred day simple moving average is $497.98. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $616.00. The company has a market cap of $154.00 billion, a price-to-earnings ratio of 59.91, a P/E/G ratio of 4.66 and a beta of 1.61.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 EPS for the quarter, beating the consensus estimate of $1.93 by $0.26. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the business posted $1.78 EPS. The company’s revenue was up 21.4% compared to the same quarter last year. As a group, research analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current 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.