Legacy Wealth Asset Management LLC Lowers Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Legacy Wealth Asset Management LLC lowered its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,336 shares of the medical equipment provider’s stock after selling 408 shares during the period. Intuitive Surgical comprises approximately 0.8% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 16th largest holding. Legacy Wealth Asset Management LLC’s holdings in Intuitive Surgical were worth $2,785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ISRG. Godsey & Gibb Inc. raised its holdings in shares of Intuitive Surgical by 140.0% in the 3rd quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock valued at $29,000 after purchasing an additional 35 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in Intuitive Surgical in the third quarter worth approximately $33,000. Mark Sheptoff Financial Planning LLC purchased a new stake in Intuitive Surgical during the second quarter worth $37,000. Capital Performance Advisors LLP purchased a new position in shares of Intuitive Surgical in the 3rd quarter valued at $38,000. Finally, DT Investment Partners LLC raised its position in shares of Intuitive Surgical by 80.0% in the 3rd quarter. DT Investment Partners LLC now owns 81 shares of the medical equipment provider’s stock worth $40,000 after acquiring an additional 36 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ISRG has been the topic of several analyst reports. Truist Financial lifted their target price on Intuitive Surgical from $570.00 to $640.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Leerink Partners increased their target price on shares of Intuitive Surgical from $489.00 to $502.00 in a research report on Thursday, October 17th. Stifel Nicolaus lifted their price target on shares of Intuitive Surgical from $525.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Mizuho raised their price objective on Intuitive Surgical from $440.00 to $500.00 in a research report on Thursday, October 17th. Finally, Citigroup upped their target price on Intuitive Surgical from $567.00 to $640.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $554.17.

Insider Buying and Selling

In other Intuitive Surgical news, CFO Jamie Samath sold 270 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $540.15, for a total transaction of $145,840.50. Following the transaction, the chief financial officer now directly owns 8,757 shares of the company’s stock, valued at $4,730,093.55. This trade represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brian Edward Miller sold 2,553 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $515.00, for a total transaction of $1,314,795.00. Following the sale, the executive vice president now directly owns 7,066 shares of the company’s stock, valued at $3,638,990. This represents a 26.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,190 shares of company stock valued at $25,012,927. Corporate insiders own 0.80% of the company’s stock.

Intuitive Surgical Stock Up 0.7 %

Shares of ISRG opened at $584.08 on Friday. The company has a market capitalization of $208.04 billion, a price-to-earnings ratio of 93.90, a PEG ratio of 4.66 and a beta of 1.39. Intuitive Surgical, Inc. has a 52 week low of $355.17 and a 52 week high of $585.50. The stock’s 50-day moving average price is $538.34 and its 200-day moving average price is $497.08.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, October 17th. The medical equipment provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.24 by $0.32. Intuitive Surgical had a return on equity of 13.41% and a net margin of 28.51%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.01 billion. As a group, equities analysts anticipate that Intuitive Surgical, Inc. will post 5.45 EPS for the current fiscal 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.