Intuitive Surgical, Inc. $ISRG Stake Cut by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP decreased its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 45.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,280 shares of the medical equipment provider’s stock after selling 1,059 shares during the period. Westfield Capital Management Co. LP’s holdings in Intuitive Surgical were worth $696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ISRG. Tobam raised its stake in Intuitive Surgical by 666.7% during the second quarter. Tobam now owns 46 shares of the medical equipment provider’s stock worth $25,000 after acquiring an additional 40 shares during the period. TD Capital Management LLC boosted its stake in Intuitive Surgical by 300.0% in the first quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock valued at $30,000 after acquiring an additional 45 shares during the period. 1248 Management LLC bought a new position in shares of Intuitive Surgical during the first quarter valued at approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of Intuitive Surgical during the 2nd quarter worth approximately $30,000. Finally, Bank of Jackson Hole Trust lifted its holdings in shares of Intuitive Surgical by 70.5% in the 1st quarter. Bank of Jackson Hole Trust now owns 75 shares of the medical equipment provider’s stock worth $37,000 after purchasing an additional 31 shares during the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Brian Edward Miller sold 3,500 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $575.00, for a total transaction of $2,012,500.00. Following the completion of the sale, the executive vice president directly owned 5,758 shares of the company’s stock, valued at $3,310,850. This represents a 37.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig H. Barratt sold 750 shares of Intuitive Surgical stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $580.00, for a total transaction of $435,000.00. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 116,164 shares of company stock worth $61,916,172. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ISRG. Wells Fargo & Company increased their target price on Intuitive Surgical from $599.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Saturday. Argus lifted their price objective on shares of Intuitive Surgical from $600.00 to $630.00 in a research report on Monday, October 27th. BTIG Research upped their target price on shares of Intuitive Surgical from $529.00 to $589.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Intuitive Surgical from $567.00 to $621.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $608.92.

Intuitive Surgical Stock Up 1.7%

Shares of ISRG stock opened at $561.61 on Friday. The stock has a 50-day simple moving average of $492.09 and a 200 day simple moving average of $504.31. The stock has a market capitalization of $201.32 billion, a P/E ratio of 74.29, a P/E/G ratio of 4.94 and a beta of 1.62. Intuitive Surgical, Inc. has a fifty-two week low of $425.00 and a fifty-two week high of $616.00.

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

About Intuitive Surgical

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.