Intuitive Surgical, Inc. $ISRG Stock Position Decreased by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC cut its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) by 4.6% in the fourth quarter, HoldingsChannel reports. The firm owned 27,880 shares of the medical equipment provider’s stock after selling 1,336 shares during the period. Intuitive Surgical accounts for approximately 1.6% of Tritonpoint Wealth LLC’s portfolio, making the stock its 11th biggest holding. Tritonpoint Wealth LLC’s holdings in Intuitive Surgical were worth $15,790,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC increased its stake in shares of Intuitive Surgical by 50.3% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 780 shares of the medical equipment provider’s stock worth $442,000 after purchasing an additional 261 shares during the period. Global Trust Asset Management LLC lifted its position in Intuitive Surgical by 35.8% in the fourth quarter. Global Trust Asset Management LLC now owns 1,191 shares of the medical equipment provider’s stock worth $675,000 after purchasing an additional 314 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Intuitive Surgical by 264.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the medical equipment provider’s stock valued at $456,000 after acquiring an additional 585 shares in the last quarter. YANKCOM Partnership boosted its holdings in Intuitive Surgical by 6.3% during the fourth quarter. YANKCOM Partnership now owns 878 shares of the medical equipment provider’s stock valued at $497,000 after purchasing an additional 52 shares in the last quarter. Finally, 1900 Wealth Management LLC bought a new stake in Intuitive Surgical in the fourth quarter valued at $263,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Intuitive Surgical Price Performance

ISRG stock opened at $452.07 on Friday. The company’s 50-day moving average price is $487.43 and its two-hundred day moving average price is $513.10. The firm has a market cap of $160.54 billion, a P/E ratio of 57.30, a P/E/G ratio of 3.49 and a beta of 1.68. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $603.88.

Intuitive Surgical (NASDAQ:ISRG – Get Free Report) last announced its quarterly earnings data on Thursday, January 22nd. The medical equipment provider reported $2.53 EPS for the quarter, beating the consensus estimate of $2.27 by $0.26. Intuitive Surgical had a net margin of 28.38% and a return on equity of 15.06%. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the business earned $2.21 earnings per share. The company’s revenue was up 18.8% on a year-over-year basis. Equities analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, SVP Patricia L. Wadors sold 220 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $499.71, for a total value of $109,936.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Myriam Curet sold 421 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $494.96, for a total value of $208,378.16. Following the sale, the executive vice president owned 409 shares in the company, valued at approximately $202,438.64. This trade represents a 50.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 32,943 shares of company stock worth $17,279,568 over the last 90 days. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ISRG has been the subject of a number of recent analyst reports. Truist Financial raised their price target on Intuitive Surgical from $620.00 to $650.00 and gave the company a “buy” rating in a report on Thursday, December 18th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $714.00 target price on shares of Intuitive Surgical in a report on Friday, January 9th. TD Cowen raised Intuitive Surgical to a “strong-buy” rating in a research note on Tuesday, January 27th. Wall Street Zen downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, UBS Group cut their price target on shares of Intuitive Surgical from $570.00 to $550.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and an average price target of $614.95.

Check Out Our Latest Stock Analysis on Intuitive Surgical

Intuitive Surgical 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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