Intuitive Surgical, Inc. (ISRG) Holdings Trimmed by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC lessened its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 9.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 986 shares of the medical equipment provider’s stock after selling 99 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Intuitive Surgical were worth $474,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new stake in Intuitive Surgical during the 4th quarter valued at approximately $32,000. Athena Capital Advisors LLC acquired a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $33,000. Financial Advantage Inc. acquired a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $36,000. Moody National Bank Trust Division acquired a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $38,000. Finally, BDO Wealth Advisors LLC grew its position in shares of Intuitive Surgical by 166.7% during the 4th quarter. BDO Wealth Advisors LLC now owns 80 shares of the medical equipment provider’s stock worth $38,000 after buying an additional 50 shares during the period. 84.91% of the stock is owned by institutional investors and hedge funds.

In other news, COO Salvatore Brogna sold 2,090 shares of Intuitive Surgical stock in a transaction on Friday, March 1st. The stock was sold at an average price of $551.79, for a total transaction of $1,153,241.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lonnie M. Smith sold 210 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $546.56, for a total value of $114,777.60. Following the completion of the sale, the director now owns 359,246 shares in the company, valued at $196,349,493.76. The disclosure for this sale can be found here. Insiders have sold a total of 42,284 shares of company stock worth $22,205,382 over the last quarter. Company insiders own 1.70% of the company’s stock.

Several brokerages have recently commented on ISRG. Deutsche Bank began coverage on shares of Intuitive Surgical in a research report on Monday. They set a “buy” rating for the company. Raymond James raised their price objective on shares of Intuitive Surgical from $600.00 to $630.00 and gave the stock an “outperform” rating in a research report on Monday. Northland Securities reaffirmed a “sell” rating and set a $375.00 price objective on shares of Intuitive Surgical in a research report on Thursday, January 10th. Zacks Investment Research downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $620.00 price target on shares of Intuitive Surgical in a research report on Friday, January 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $566.40.

NASDAQ ISRG opened at $575.54 on Tuesday. The firm has a market cap of $65.82 billion, a PE ratio of 60.65, a price-to-earnings-growth ratio of 4.41 and a beta of 1.10. Intuitive Surgical, Inc. has a one year low of $393.57 and a one year high of $581.12.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, January 24th. The medical equipment provider reported $2.96 EPS for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.11). The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Intuitive Surgical had a return on equity of 18.11% and a net margin of 30.29%. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.54 earnings per share. On average, research analysts predict that Intuitive Surgical, Inc. will post 10.07 earnings per share for the current fiscal year.

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Intuitive Surgical Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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