Tradition Wealth Management LLC Cuts Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Tradition Wealth Management LLC lowered its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 7.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,303 shares of the medical equipment provider’s stock after selling 101 shares during the quarter. Tradition Wealth Management LLC’s holdings in Intuitive Surgical were worth $640,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted its stake in shares of Intuitive Surgical by 13.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,058 shares of the medical equipment provider’s stock worth $471,000 after acquiring an additional 128 shares during the last quarter. City State Bank grew its holdings in shares of Intuitive Surgical by 15.2% during the second quarter. City State Bank now owns 228 shares of the medical equipment provider’s stock worth $101,000 after buying an additional 30 shares in the last quarter. Mather Group LLC. raised its position in shares of Intuitive Surgical by 49.7% in the second quarter. Mather Group LLC. now owns 2,371 shares of the medical equipment provider’s stock valued at $1,055,000 after buying an additional 787 shares during the last quarter. Fragasso Financial Advisors Inc lifted its stake in shares of Intuitive Surgical by 12.1% in the second quarter. Fragasso Financial Advisors Inc now owns 613 shares of the medical equipment provider’s stock worth $273,000 after buying an additional 66 shares in the last quarter. Finally, Trust Co. of Vermont boosted its position in Intuitive Surgical by 8.8% during the second quarter. Trust Co. of Vermont now owns 5,049 shares of the medical equipment provider’s stock worth $2,246,000 after acquiring an additional 410 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuitive Surgical

In related news, EVP Robert Desantis sold 238 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $477.50, for a total transaction of $113,645.00. Following the transaction, the executive vice president now owns 5,506 shares in the company, valued at $2,629,115. This trade represents a 4.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Gary Loeb sold 300 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $475.00, for a total value of $142,500.00. Following the completion of the sale, the general counsel now owns 1,595 shares of the company’s stock, valued at approximately $757,625. This represents a 15.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,459 shares of company stock worth $26,080,251 over the last three months. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ISRG shares. Royal Bank of Canada raised their target price on shares of Intuitive Surgical from $525.00 to $555.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Citigroup boosted their price objective on Intuitive Surgical from $512.00 to $560.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. raised their target price on Intuitive Surgical from $495.00 to $575.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Wells Fargo & Company upped their price objective on shares of Intuitive Surgical from $466.00 to $549.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Intuitive Surgical in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $526.06.

Intuitive Surgical Trading Up 0.6 %

Shares of NASDAQ:ISRG opened at $542.00 on Monday. The company has a market cap of $193.05 billion, a PE ratio of 87.14, a P/E/G ratio of 5.33 and a beta of 1.39. The company’s 50 day moving average is $510.03 and its two-hundred day moving average is $469.49. Intuitive Surgical, Inc. has a 52 week low of $304.50 and a 52 week high of $552.00.

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

Intuitive Surgical 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.