Foundations Investment Advisors LLC reduced its position in Intuitive Surgical by 93.3% during the third quarter, selling 37,895 shares and retaining just 2,715 shares valued at $1.214 million per the latest SEC filing. Meanwhile, Strategic Advisors LLC increased its stake by 63.3%, acquiring 4,031 additional shares to hold 10,397 shares worth $4.65 million. AE Wealth Management added 1,836 shares for a total of 11,556 shares valued at $5.168 million, a rise of 18.9%. LRI Investments lifted its position by 24.0% to 1,997 shares ($893,000), Birchbrook Inc. grew by 5.1% to 1,533 shares ($686,000) and Activest Wealth Management bought 20 shares to reach 112 shares ($50,000). Collectively, institutional investors and hedge funds own 83.64% of the company’s stock.

In its fourth quarter reported January 22, Intuitive Surgical delivered earnings per share of $2.53, surpassing consensus estimates by $0.26, and generated revenue of $2.87 billion versus the $2.72 billion analysts expected. Year-over-year revenue increased 18.8%, while return on equity stood at 15.06% and net margin at 28.38%. The company’s market capitalization is approximately $180.75 billion, with a price-to-earnings ratio of 63.91, price-to-earnings-growth ratio of 3.92 and a beta of 1.67. Its 50-day and 200-day simple moving averages are $558.64 and $511.63, respectively, and the shares have traded between $425.00 and $609.08 over the past 12 months.

Senior executives have gradually reduced their holdings: VP Fredrik Widman sold 2,067 shares at an average price of $550.00 for proceeds of $1.137 million, cutting his stake by 81.38%, and EVP Henry L. Charlton sold 13,731 shares at $580.00 for $7.964 million, an 81.80% reduction. Over the last 90 days, insiders have sold a total of 75,683 shares worth $42.07 million, representing 0.70% of the company’s outstanding stock. Among research firms, two have strong-buy ratings, fourteen recommend buy, eight hold and one sell, yielding a consensus Moderate Buy rating with an average price target of $620.41.