Balboa Wealth Partners Has $1 Million Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Balboa Wealth Partners lowered its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 51.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,035 shares of the medical equipment provider’s stock after selling 2,187 shares during the quarter. Balboa Wealth Partners’ holdings in Intuitive Surgical were worth $1,000,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ISRG. Kingsview Wealth Management LLC raised its holdings in Intuitive Surgical by 1.2% in the first quarter. Kingsview Wealth Management LLC now owns 4,144 shares of the medical equipment provider’s stock worth $1,654,000 after purchasing an additional 51 shares during the period. M&G Plc bought a new position in Intuitive Surgical in the first quarter valued at $1,318,000. Nicolet Advisory Services LLC grew its position in shares of Intuitive Surgical by 24.6% in the 1st quarter. Nicolet Advisory Services LLC now owns 1,059 shares of the medical equipment provider’s stock valued at $414,000 after acquiring an additional 209 shares during the period. Spirepoint Private Client LLC bought a new position in shares of Intuitive Surgical in the 1st quarter valued at about $454,000. Finally, Vanguard Group Inc. grew its position in shares of Intuitive Surgical by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 30,868,620 shares of the medical equipment provider’s stock valued at $12,319,358,000 after acquiring an additional 493,126 shares during the period. 83.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ISRG. Evercore ISI restated a “cautious” rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Leerink Partners lifted their price target on shares of Intuitive Surgical from $489.00 to $502.00 in a report on Thursday, October 17th. Truist Financial boosted their target price on shares of Intuitive Surgical from $520.00 to $570.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Royal Bank of Canada upped 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. Finally, Raymond James increased their price target on shares of Intuitive Surgical from $500.00 to $540.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Intuitive Surgical has an average rating of “Moderate Buy” and an average target price of $513.74.

Intuitive Surgical Trading Up 0.2 %

ISRG opened at $537.80 on Friday. The stock’s 50-day moving average price is $496.95 and its 200 day moving average price is $455.65. Intuitive Surgical, Inc. has a 12-month low of $291.39 and a 12-month high of $544.38. The firm has a market cap of $191.55 billion, a price-to-earnings ratio of 86.46, a PEG ratio of 5.28 and a beta of 1.39.

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 analysts’ consensus estimates of $1.24 by $0.32. The firm had revenue of $2.04 billion for 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%. On average, research analysts forecast that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current year.

Insider Activity

In other news, insider Jamie Samath sold 22,903 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $525.00, for a total transaction of $12,024,075.00. Following the completion of the transaction, the insider now directly owns 8,757 shares of the company’s stock, valued at approximately $4,597,425. This represents a 72.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Desantis sold 188 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $482.21, for a total value of $90,655.48. Following the completion of the sale, the executive vice president now owns 5,506 shares in the company, valued at approximately $2,655,048.26. This represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 91,178 shares of company stock valued at $45,897,071 over the last quarter. Company insiders own 0.90% of the company’s stock.

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.