Artisan Partners Limited Partnership Sells 39,744 Shares of Intuitive Surgical, Inc. $ISRG

Artisan Partners Limited Partnership reduced its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 23.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,388 shares of the medical equipment provider’s stock after selling 39,744 shares during the period. Artisan Partners Limited Partnership’s holdings in Intuitive Surgical were worth $69,224,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ISRG. Aaron Wealth Advisors LLC increased its stake in shares of Intuitive Surgical by 0.8% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 2,528 shares of the medical equipment provider’s stock worth $1,374,000 after purchasing an additional 19 shares in the last quarter. Exencial Wealth Advisors LLC grew its holdings in Intuitive Surgical by 3.1% during the first quarter. Exencial Wealth Advisors LLC now owns 661 shares of the medical equipment provider’s stock valued at $327,000 after purchasing an additional 20 shares during the period. Evergreen Capital Management LLC increased its position in Intuitive Surgical by 0.5% in the first quarter. Evergreen Capital Management LLC now owns 4,288 shares of the medical equipment provider’s stock worth $2,124,000 after buying an additional 20 shares in the last quarter. Rise Advisors LLC raised its stake in shares of Intuitive Surgical by 5.6% in the first quarter. Rise Advisors LLC now owns 378 shares of the medical equipment provider’s stock worth $187,000 after buying an additional 20 shares during the period. Finally, Texas Yale Capital Corp. lifted its position in shares of Intuitive Surgical by 0.4% during the 1st quarter. Texas Yale Capital Corp. now owns 4,951 shares of the medical equipment provider’s stock valued at $2,452,000 after buying an additional 21 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors.

Intuitive Surgical Stock Down 2.2%

Intuitive Surgical stock opened at $552.23 on Friday. Intuitive Surgical, Inc. has a 52-week low of $425.00 and a 52-week high of $616.00. The firm’s fifty day moving average is $489.85 and its 200 day moving average is $504.10. The company has a market cap of $197.96 billion, a price-to-earnings ratio of 73.05, a PEG ratio of 4.94 and a beta of 1.62.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Tuesday, October 21st. The medical equipment provider reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.41. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Intuitive Surgical had a net margin of 28.58% and a return on equity of 15.08%. The business’s revenue was up 22.9% on a year-over-year basis. During the same period last year, the company posted $1.84 EPS. On average, equities research analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Mizuho set a $575.00 target price on shares of Intuitive Surgical in a report on Wednesday, October 22nd. HSBC upped their price target on shares of Intuitive Surgical from $595.00 to $644.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Wells Fargo & Company raised their price objective on shares of Intuitive Surgical from $599.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Robert W. Baird set a $655.00 target price on shares of Intuitive Surgical in a report on Wednesday, October 22nd. Finally, UBS Group set a $600.00 price target on Intuitive Surgical and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $608.92.

Insider Buying and Selling

In other news, EVP Myriam Curet sold 7,562 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $548.43, for a total value of $4,147,227.66. Following the completion of the transaction, the executive vice president owned 353 shares in the company, valued at approximately $193,595.79. The trade was a 95.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 $9,368,059.23. The trade was a 59.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 116,164 shares of company stock valued at $61,916,172 in the last quarter. 0.70% of the stock is currently owned by insiders.

Intuitive Surgical Company 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.