Banco Santander S.A. Reduces Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Banco Santander S.A. reduced its position in Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) by 74.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,987 shares of the medical equipment provider’s stock after selling 106,390 shares during the period. Banco Santander S.A.’s holdings in Intuitive Surgical were worth $11,159,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. LMR Partners LLP acquired a new stake in Intuitive Surgical during the 4th quarter valued at $636,000. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in Intuitive Surgical by 7.9% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 679 shares of the medical equipment provider’s stock valued at $205,000 after buying an additional 50 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Intuitive Surgical by 0.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 440,904 shares of the medical equipment provider’s stock valued at $133,012,000 after buying an additional 3,982 shares during the last quarter. MCIA Inc boosted its holdings in shares of Intuitive Surgical by 5.6% during the first quarter. MCIA Inc now owns 3,596 shares of the medical equipment provider’s stock worth $1,003,000 after purchasing an additional 190 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Intuitive Surgical by 534.3% during the fourth quarter. Deutsche Bank AG now owns 1,299,985 shares of the medical equipment provider’s stock worth $467,086,000 after purchasing an additional 1,095,023 shares during the last quarter. 83.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ISRG. 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 report on Monday, July 18th. Truist Financial decreased their price objective on Intuitive Surgical from $270.00 to $255.00 and set a “buy” rating on the stock in a 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 report on Friday, July 29th. Morgan Stanley decreased their price objective on Intuitive Surgical from $300.00 to $225.00 and set an “equal weight” rating on the stock in a report on Friday, July 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Intuitive Surgical from $225.00 to $205.00 in a report on Friday, July 22nd. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Intuitive Surgical has an average rating of “Moderate Buy” and a consensus price target of $273.23.

Insider Transactions at Intuitive Surgical

In other news, CEO Gary S. Guthart sold 79,412 shares of Intuitive Surgical stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $216.30, for a total transaction of $17,176,815.60. Following the sale, the chief executive officer now directly owns 54,607 shares of the company’s stock, valued at $11,811,494.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Gary S. Guthart sold 79,412 shares of Intuitive Surgical stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $216.30, for a total transaction of $17,176,815.60. Following the sale, the chief executive officer now directly owns 54,607 shares of the company’s stock, valued at $11,811,494.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Myriam Curet sold 9,000 shares of Intuitive Surgical stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $225.00, for a total value of $2,025,000.00. Following the sale, the executive vice president now directly owns 217 shares in the company, valued at $48,825. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,787 shares of company stock valued at $20,719,321. 0.90% of the stock is currently owned by insiders.

Intuitive Surgical Price Performance

NASDAQ:ISRG opened at $240.32 on Friday. The business’s 50-day moving average is $212.55 and its two-hundred day moving average is $249.86. Intuitive Surgical, Inc. has a 12 month low of $186.83 and a 12 month high of $369.69. The firm has a market capitalization of $85.82 billion, a PE ratio of 61.15, a price-to-earnings-growth ratio of 6.56 and a beta of 1.29.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last released its quarterly earnings data on Thursday, July 21st. The medical equipment provider reported $1.14 EPS for the quarter, beating the consensus estimate 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 period last year, the firm earned $1.42 EPS. Equities analysts anticipate that Intuitive Surgical, Inc. will post 3.87 EPS for the current year.

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.

See Also

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

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