Westwind Capital Sells 277 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Westwind Capital cut its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 54,057 shares of the medical equipment provider’s stock after selling 277 shares during the quarter. Intuitive Surgical makes up approximately 6.1% of Westwind Capital’s portfolio, making the stock its 5th biggest holding. Westwind Capital’s holdings in Intuitive Surgical were worth $28,216,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ISRG. Diversified Trust Co lifted its position in shares of Intuitive Surgical by 0.6% in the 4th quarter. Diversified Trust Co now owns 4,383 shares of the medical equipment provider’s stock worth $2,288,000 after buying an additional 25 shares during the last quarter. Capital Market Strategies LLC raised its position in shares of Intuitive Surgical by 7.8% during the 4th quarter. Capital Market Strategies LLC now owns 1,237 shares of the medical equipment provider’s stock worth $646,000 after purchasing an additional 90 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Intuitive Surgical by 31.7% in the 4th quarter. Nordea Investment Management AB now owns 43,200 shares of the medical equipment provider’s stock worth $22,632,000 after purchasing an additional 10,405 shares during the last quarter. GAMMA Investing LLC grew its stake in Intuitive Surgical by 10.0% during the 4th quarter. GAMMA Investing LLC now owns 5,597 shares of the medical equipment provider’s stock worth $2,921,000 after buying an additional 507 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Intuitive Surgical by 27.4% in the 4th quarter. Versant Capital Management Inc now owns 688 shares of the medical equipment provider’s stock worth $359,000 after acquiring an additional 148 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on ISRG. Evercore ISI reissued a “cautious” rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Wells Fargo & Company boosted their price target on shares of Intuitive Surgical from $549.00 to $630.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Royal Bank of Canada raised their price objective on shares of Intuitive Surgical from $525.00 to $555.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Erste Group Bank upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Truist Financial raised their target price on shares of Intuitive Surgical from $570.00 to $640.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $554.17.

Insider Activity at Intuitive Surgical

In other news, CFO Jamie Samath sold 108 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $542.06, for a total transaction of $58,542.48. Following the transaction, the chief financial officer now owns 8,757 shares in the company, valued at approximately $4,746,819.42. The trade was a 1.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robert Desantis sold 376 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $539.00, for a total transaction of $202,664.00. Following the completion of the sale, the executive vice president now owns 5,506 shares of the company’s stock, valued at approximately $2,967,734. The trade was a 6.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,190 shares of company stock worth $25,012,927. 0.90% of the stock is owned by insiders.

Intuitive Surgical Price Performance

Shares of ISRG stock traded down $10.55 on Tuesday, hitting $531.82. The company’s stock had a trading volume of 851,931 shares, compared to its average volume of 1,039,483. The stock has a market capitalization of $189.42 billion, a price-to-earnings ratio of 85.50, a P/E/G ratio of 5.31 and a beta of 1.39. Intuitive Surgical, Inc. has a fifty-two week low of $324.12 and a fifty-two week high of $556.23. The firm’s fifty day moving average price is $533.39 and its 200-day moving average price is $492.20.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.32. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.01 billion. Intuitive Surgical had a return on equity of 13.41% and a net margin of 28.51%. Analysts predict that Intuitive Surgical, Inc. will post 5.45 EPS for the current fiscal year.

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.