Wilmington Savings Fund Society FSB Has $308.18 Million Holdings in Intuitive Surgical, Inc. $ISRG

Wilmington Savings Fund Society FSB boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 567,125 shares of the medical equipment provider’s stock after purchasing an additional 1,055 shares during the quarter. Intuitive Surgical makes up about 5.5% of Wilmington Savings Fund Society FSB’s portfolio, making the stock its largest position. Wilmington Savings Fund Society FSB’s holdings in Intuitive Surgical were worth $308,181,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. RFG Advisory LLC raised its holdings in Intuitive Surgical by 4.2% in the 2nd quarter. RFG Advisory LLC now owns 3,374 shares of the medical equipment provider’s stock valued at $1,833,000 after acquiring an additional 136 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in Intuitive Surgical by 24.0% in the 2nd quarter. Axxcess Wealth Management LLC now owns 11,017 shares of the medical equipment provider’s stock valued at $5,987,000 after acquiring an additional 2,129 shares in the last quarter. Moran Wealth Management LLC raised its holdings in Intuitive Surgical by 44.0% in the 2nd quarter. Moran Wealth Management LLC now owns 2,476 shares of the medical equipment provider’s stock valued at $1,345,000 after acquiring an additional 757 shares in the last quarter. Cornerstone Wealth Group LLC raised its holdings in Intuitive Surgical by 20.1% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 764 shares of the medical equipment provider’s stock valued at $415,000 after acquiring an additional 128 shares in the last quarter. Finally, NorthRock Partners LLC raised its holdings in Intuitive Surgical by 0.5% in the 2nd quarter. NorthRock Partners LLC now owns 4,711 shares of the medical equipment provider’s stock valued at $2,560,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

ISRG has been the subject of several recent research reports. Truist Financial upped their price target on Intuitive Surgical from $590.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Evercore ISI cut their price target on Intuitive Surgical from $535.00 to $450.00 and set an “in-line” rating for the company in a report on Tuesday, October 7th. The Goldman Sachs Group cut their price target on Intuitive Surgical from $621.00 to $567.00 and set a “buy” rating for the company in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Intuitive Surgical in a report on Friday, August 22nd. Finally, BTIG Research dropped their target price on Intuitive Surgical from $571.00 to $529.00 and set a “buy” rating for the company in a report on Monday. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $584.76.

Insider Buying and Selling

In related news, Director Amy L. Ladd sold 335 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $440.69, for a total transaction of $147,631.15. Following the sale, the director directly owned 739 shares in the company, valued at $325,669.91. This represents a 31.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Myriam Curet sold 4,500 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $492.48, for a total value of $2,216,160.00. Following the sale, the executive vice president owned 353 shares in the company, valued at approximately $173,845.44. This trade represents a 92.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,224 shares of company stock worth $21,716,492 in the last three months. Insiders own 0.70% of the company’s stock.

Intuitive Surgical Trading Up 1.4%

Shares of ISRG opened at $435.73 on Tuesday. The stock has a market cap of $156.20 billion, a PE ratio of 60.77, a PEG ratio of 4.51 and a beta of 1.61. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $616.00. The stock has a 50 day simple moving average of $457.73 and a 200-day simple moving average of $497.44.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.26. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.35 billion. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.Intuitive Surgical’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.78 EPS. On average, sell-side analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS 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.