GoalVest Advisory LLC Decreases Stock Position in Intuitive Surgical, Inc. $ISRG

GoalVest Advisory LLC cut its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 96.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 124 shares of the medical equipment provider’s stock after selling 3,040 shares during the period. GoalVest Advisory LLC’s holdings in Intuitive Surgical were worth $55,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Norway Savings Bank lifted its position in shares of Intuitive Surgical by 53.4% in the second quarter. Norway Savings Bank now owns 2,613 shares of the medical equipment provider’s stock valued at $1,420,000 after acquiring an additional 910 shares in the last quarter. Trust Co. of Oklahoma purchased a new stake in shares of Intuitive Surgical in the 2nd quarter valued at approximately $363,000. IronOak Wealth LLC. acquired a new stake in Intuitive Surgical during the second quarter worth $1,099,000. Amalgamated Bank boosted its stake 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 buying an additional 1,772 shares during the period. Finally, Eastover Investment Advisors LLC lifted 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 worth $7,153,000 after purchasing an additional 8,844 shares in the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ISRG. Robert W. Baird set a $655.00 price objective on shares of Intuitive Surgical in a report on Wednesday, October 22nd. Mizuho set a $575.00 price target on shares of Intuitive Surgical in a research report on Wednesday, October 22nd. Hsbc Global Res raised shares of Intuitive Surgical to a “strong-buy” rating in a report on Thursday, October 23rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $685.00 target price on shares of Intuitive Surgical in a research note on Tuesday, October 21st. Finally, Daiwa Capital Markets increased their price target on shares of Intuitive Surgical from $510.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $611.08.

Insider Activity

In related news, Director Craig H. Barratt sold 750 shares of Intuitive Surgical stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $580.00, for a total transaction of $435,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gary S. Guthart sold 22,806 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $570.89, for a total value of $13,019,717.34. Following the completion of the sale, the insider directly owned 2,694 shares of the company’s stock, valued at $1,537,977.66. The trade was a 89.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 114,007 shares of company stock valued at $63,533,844 in the last 90 days. 0.70% of the stock is owned by corporate insiders.

Intuitive Surgical Price Performance

NASDAQ:ISRG opened at $561.98 on Monday. Intuitive Surgical, Inc. has a 1-year low of $425.00 and a 1-year high of $616.00. The firm has a 50 day simple moving average of $561.47 and a 200-day simple moving average of $508.95. The firm has a market cap of $201.46 billion, a PE ratio of 74.34, a P/E/G ratio of 4.57 and a beta of 1.67.

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

About Intuitive Surgical

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.