Intuitive Surgical, Inc. $ISRG Position Cut by OLD National Bancorp IN

by · The Markets Daily

OLD National Bancorp IN decreased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) by 17.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,882 shares of the medical equipment provider’s stock after selling 1,061 shares during the quarter. OLD National Bancorp IN’s holdings in Intuitive Surgical were worth $2,183,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Norway Savings Bank lifted its holdings in Intuitive Surgical by 53.4% in the second quarter. Norway Savings Bank now owns 2,613 shares of the medical equipment provider’s stock worth $1,420,000 after purchasing an additional 910 shares during the period. Trust Co. of Oklahoma bought a new stake in Intuitive Surgical during the second quarter worth approximately $363,000. IronOak Wealth LLC. acquired a new stake in Intuitive Surgical in the second quarter worth approximately $1,099,000. Eastover Investment Advisors LLC boosted its stake in Intuitive Surgical by 204.8% during the second quarter. Eastover Investment Advisors LLC now owns 13,163 shares of the medical equipment provider’s stock valued at $7,153,000 after buying an additional 8,844 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in Intuitive Surgical by 2.2% during the second quarter. Amalgamated Bank now owns 81,542 shares of the medical equipment provider’s stock worth $44,311,000 after acquiring an additional 1,772 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Mizuho set a $575.00 target price on shares of Intuitive Surgical in a research note on Wednesday, October 22nd. Hsbc Global Res upgraded Intuitive Surgical to a “strong-buy” rating in a report on Thursday, October 23rd. Truist Financial upped their price objective on shares of Intuitive Surgical from $620.00 to $650.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. UBS Group set a $600.00 target price on shares of Intuitive Surgical and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Finally, Daiwa Capital Markets boosted their target price on shares of Intuitive Surgical from $510.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $611.08.

Read Our Latest Analysis on Intuitive Surgical

Intuitive Surgical Stock Down 0.4%

ISRG stock opened at $577.34 on Wednesday. The firm has a 50 day moving average of $547.18 and a two-hundred day moving average of $505.91. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $616.00. The company has a market capitalization of $206.96 billion, a price-to-earnings ratio of 76.37, a P/E/G ratio of 5.33 and a beta of 1.68.

Intuitive Surgical (NASDAQ:ISRG – Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.41. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.41 billion. Intuitive Surgical had a net margin of 28.58% and a return on equity of 15.08%. Intuitive Surgical’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.84 EPS. On average, research analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Insider Transactions at Intuitive Surgical

In other news, insider Gary S. Guthart sold 28,800 shares of the firm’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $547.56, for a total value of $15,769,728.00. Following the sale, the insider owned 27,027 shares in the company, valued at approximately $14,798,904.12. This trade represents a 51.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Mark Brosius sold 4,500 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $547.36, for a total transaction of $2,463,120.00. Following the transaction, the senior vice president directly owned 907 shares in the company, valued at $496,455.52. This trade represents a 83.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 114,007 shares of company stock worth $63,533,844. Corporate insiders own 0.70% of the company’s stock.

Intuitive Surgical Company Profile

(Free Report)

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.

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