Neuberger Berman Group LLC Sells 52,333 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Neuberger Berman Group LLC cut its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) by 14.9% during the first quarter, Holdings Channel reports. The fund owned 298,567 shares of the medical equipment provider’s stock after selling 52,333 shares during the period. Neuberger Berman Group LLC’s holdings in Intuitive Surgical were worth $90,081,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Investment Partners LTD. grew its position in Intuitive Surgical by 4.8% during the 1st quarter. Investment Partners LTD. now owns 768 shares of the medical equipment provider’s stock worth $232,000 after acquiring an additional 35 shares during the last quarter. Transcend Capital Advisors LLC boosted its position in Intuitive Surgical by 4.9% in the 1st quarter. Transcend Capital Advisors LLC now owns 880 shares of the medical equipment provider’s stock valued at $265,000 after buying an additional 41 shares during the last quarter. BLB&B Advisors LLC boosted its position in Intuitive Surgical by 6.9% in the 1st quarter. BLB&B Advisors LLC now owns 693 shares of the medical equipment provider’s stock valued at $209,000 after buying an additional 45 shares during the last quarter. Venture Visionary Partners LLC boosted its position in Intuitive Surgical by 1.5% in the 1st quarter. Venture Visionary Partners LLC now owns 3,024 shares of the medical equipment provider’s stock valued at $912,000 after buying an additional 45 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC boosted its position in Intuitive Surgical by 2.0% in the 1st quarter. Douglass Winthrop Advisors LLC now owns 2,308 shares of the medical equipment provider’s stock valued at $696,000 after buying an additional 46 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Intuitive Surgical Stock Performance

Intuitive Surgical stock opened at $206.28 on Friday. Intuitive Surgical, Inc. has a 52 week low of $186.83 and a 52 week high of $369.69. The stock has a market capitalization of $73.66 billion, a P/E ratio of 52.49, a PEG ratio of 5.84 and a beta of 1.31. The stock has a 50-day simple moving average of $219.84 and a 200 day simple moving average of $236.54.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last posted its quarterly earnings results on Thursday, July 21st. The medical equipment provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.13. Intuitive Surgical had a return on equity of 12.04% and a net margin of 24.05%. During the same quarter in the previous year, the company earned $1.42 earnings per share. Research analysts forecast that Intuitive Surgical, Inc. will post 3.76 earnings per share for the current year.

Insider Transactions at Intuitive Surgical

In other news, Director Amal M. Johnson sold 6,375 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $238.04, for a total transaction of $1,517,505.00. Following the completion of the sale, the director now owns 11,224 shares in the company, valued at $2,671,760.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Myriam Curet sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $225.00, for a total transaction of $2,025,000.00. Following the completion of the sale, the executive vice president now owns 217 shares in the company, valued at $48,825. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Amal M. Johnson sold 6,375 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $238.04, for a total value of $1,517,505.00. Following the sale, the director now owns 11,224 shares of the company’s stock, valued at approximately $2,671,760.96. The disclosure for this sale can be found here. Insiders sold a total of 101,162 shares of company stock worth $22,062,916 over the last quarter. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Piper Sandler increased their price objective on Intuitive Surgical from $255.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, August 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on Intuitive Surgical from $225.00 to $205.00 in a research report on Friday, July 22nd. The Goldman Sachs Group decreased their price objective on Intuitive Surgical from $319.00 to $273.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. BTIG Research decreased their price objective on Intuitive Surgical from $355.00 to $247.00 and set a “buy” rating on the stock in a research report on Monday, July 18th. Finally, Raymond James cut their price target on Intuitive Surgical from $294.00 to $255.00 in a research note on Friday, July 22nd. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $268.00.

About Intuitive Surgical

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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 to enable 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.

Further Reading

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

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