Creekmur Asset Management LLC Sells 2,321 Shares of Intuitive Surgical, Inc. $ISRG

Creekmur Asset Management LLC lessened its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 96.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95 shares of the medical equipment provider’s stock after selling 2,321 shares during the quarter. Creekmur Asset Management LLC’s holdings in Intuitive Surgical were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Tobam lifted its position in Intuitive Surgical by 666.7% during the second quarter. Tobam now owns 46 shares of the medical equipment provider’s stock valued at $25,000 after purchasing an additional 40 shares in the last quarter. Kilter Group LLC bought a new position in shares of Intuitive Surgical in the second quarter worth about $27,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of Intuitive Surgical during the 3rd quarter valued at about $27,000. Caitlin John LLC bought a new position in shares of Intuitive Surgical during the 3rd quarter valued at approximately $30,000. Finally, Guerra Advisors Inc purchased a new stake in Intuitive Surgical in the 3rd quarter worth approximately $37,000. Institutional investors own 83.64% of the company’s stock.

Analyst Ratings Changes

ISRG has been the topic of several analyst reports. Zacks Research raised shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. HSBC lifted their target price on shares of Intuitive Surgical from $644.00 to $653.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Truist Financial increased their price target on Intuitive Surgical from $620.00 to $650.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Royal Bank Of Canada boosted their price objective on Intuitive Surgical from $625.00 to $650.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Finally, Wells Fargo & Company increased their target price on Intuitive Surgical from $600.00 to $654.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and an average price target of $615.86.

Insider Buying and Selling at Intuitive Surgical

In related news, Director Gary S. Guthart sold 2,800 shares of the firm’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $531.52, for a total value of $1,488,256.00. Following the completion of the transaction, the director directly owned 15,720 shares of the company’s stock, valued at approximately $8,355,494.40. This trade represents a 15.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Mark Brosius sold 464 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $548.49, for a total transaction of $254,499.36. Following the completion of the sale, the senior vice president owned 131 shares in the company, valued at $71,852.19. This represents a 77.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 33,603 shares of company stock worth $17,875,660. Company insiders own 0.70% of the company’s stock.

Intuitive Surgical Stock Down 0.7%

ISRG opened at $503.51 on Monday. The company has a market capitalization of $178.81 billion, a PE ratio of 63.82, a price-to-earnings-growth ratio of 3.88 and a beta of 1.66. The firm has a 50-day simple moving average of $529.83 and a two-hundred day simple moving average of $511.92. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $603.88.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, January 22nd. The medical equipment provider reported $2.53 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.26. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.The company had revenue of $2.87 billion for 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 firm’s revenue for the quarter was up 18.8% 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 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.