Cassady Schiller Wealth Management LLC Increases Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Financial News Live · Feb 7, 2023 01:52

Cassady Schiller Wealth Management LLC boosted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Rating) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,578 shares of the medical equipment provider's stock after buying an additional 76 shares during the quarter. Cassady Schiller Wealth Management LLC's holdings in Intuitive Surgical were worth $296,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Modera Wealth Management LLC boosted its stake in Intuitive Surgical by 2.4% in the 3rd quarter. Modera Wealth Management LLC now owns 1,739 shares of the medical equipment provider's stock worth $326,000 after purchasing an additional 41 shares during the period. ICICI Prudential Asset Management Co Ltd raised its position in shares of Intuitive Surgical by 4.1% in the second quarter. ICICI Prudential Asset Management Co Ltd now owns 1,070 shares of the medical equipment provider's stock valued at $217,000 after purchasing an additional 42 shares during the period. SWS Partners boosted its stake in shares of Intuitive Surgical by 0.9% in the 3rd quarter. SWS Partners now owns 4,900 shares of the medical equipment provider's stock valued at $918,000 after purchasing an additional 43 shares in the last quarter. Sepio Capital LP increased its stake in shares of Intuitive Surgical by 0.7% in the 3rd quarter. Sepio Capital LP now owns 6,673 shares of the medical equipment provider's stock worth $1,251,000 after acquiring an additional 45 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC boosted its holdings in shares of Intuitive Surgical by 2.0% in the first quarter. Douglass Winthrop Advisors LLC now owns 2,308 shares of the medical equipment provider's stock worth $696,000 after buying an additional 46 shares during the last quarter. 81.96% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In other Intuitive Surgical news, Director Amal M. Johnson sold 6,375 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $239.36, for a total value of $1,525,920.00. Following the sale, the director now owns 11,224 shares of the company's stock, valued at approximately $2,686,576.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Robert Desantis sold 1,629 shares of the firm's stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $250.00, for a total transaction of $407,250.00. Following the transaction, the executive vice president now owns 6,769 shares in the company, valued at $1,692,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amal M. Johnson sold 6,375 shares of Intuitive Surgical stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $239.36, for a total transaction of $1,525,920.00. Following the completion of the transaction, the director now owns 11,224 shares in the company, valued at approximately $2,686,576.64. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Intuitive Surgical Stock Performance

NASDAQ ISRG traded down $3.89 on Monday, reaching $250.79. The company's stock had a trading volume of 318,213 shares, compared to its average volume of 1,952,342. The stock has a market cap of $88.63 billion, a PE ratio of 69.58, a PEG ratio of 5.05 and a beta of 1.28. The firm's 50 day moving average is $262.77 and its two-hundred day moving average is $236.39. Intuitive Surgical, Inc. has a twelve month low of $180.07 and a twelve month high of $308.97.

Intuitive Surgical (NASDAQ:ISRG – Get Rating) last announced its earnings results on Tuesday, January 24th. The medical equipment provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.02). Intuitive Surgical had a return on equity of 11.27% and a net margin of 21.25%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the company posted $1.30 EPS. The business's revenue for the quarter was up 6.7% compared to the same quarter last year. Equities research analysts anticipate that Intuitive Surgical, Inc. will post 4.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on ISRG. BTIG Research lowered their price objective on Intuitive Surgical from $316.00 to $279.00 and set a "buy" rating on the stock in a research report on Wednesday, January 25th. Barclays boosted their price objective on Intuitive Surgical from $235.00 to $298.00 in a report on Wednesday, January 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Intuitive Surgical from $230.00 to $245.00 in a research note on Wednesday, January 25th. Jefferies Financial Group initiated coverage on Intuitive Surgical in a research report on Wednesday, October 12th. They set a "hold" rating and a $210.00 price target on the stock. Finally, Wells Fargo & Company decreased their price target on Intuitive Surgical from $305.00 to $289.00 and set an "overweight" rating for the company in a research note on Wednesday, January 25th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $273.83.

Intuitive Surgical Company Profile

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Intuitive Surgical, Inc engages in the development, manufacture, and marketing of da Vinci Surgical Systems, and related instruments and accessories for invasive surgery. Its products include Da Vinci and Ion. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G. Younge in November 1995 and is headquartered in Sunnyvale, CA.

Cassady Schiller Wealth Management LLC Increases Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Insiders Place Their Bets

Intuitive Surgical Stock Performance

Analysts Set New Price Targets

Intuitive Surgical Company Profile

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