Allen Investment Management LLC Makes New $12.62 Million Investment in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Key Points

• Allen Investment Management LLC has made a new investment of approximately $12.62 million in Intuitive Surgical, acquiring 25,478 shares in the 1st quarter.
• Intuitive Surgical reported a Q2 earnings per share (EPS) of $2.19, exceeding analyst expectations of $1.93, with revenue of $2.44 billion—up 21.4% year-over-year.
• Analyst ratings for Intuitive Surgical vary, with some firms raising price targets significantly, while others have issued sell ratings, indicating mixed market sentiment.

Allen Investment Management LLC bought a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 25,478 shares of the medical equipment provider's stock, valued at approximately $12,618,000.

Other large investors have also recently modified their holdings of the company. Chilton Capital Management LLC lifted its holdings in Intuitive Surgical by 614.3% in the first quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider's stock worth $25,000 after buying an additional 43 shares during the period. Parvin Asset Management LLC bought a new position in shares of Intuitive Surgical in the 4th quarter worth approximately $26,000. Global Financial Private Client LLC raised its position in shares of Intuitive Surgical by 253.3% in the 1st quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock worth $26,000 after acquiring an additional 38 shares in the last quarter. Elite Financial Inc. purchased a new position in shares of Intuitive Surgical in the 1st quarter valued at approximately $26,000. Finally, Hurley Capital LLC bought a new stake in shares of Intuitive Surgical during the fourth quarter valued at approximately $28,000. Institutional investors own 83.64% of the company's stock.

Intuitive Surgical Price Performance

ISRG stock opened at $495.86 on Friday. The stock has a market capitalization of $177.73 billion, a P/E ratio of 69.16, a P/E/G ratio of 5.45 and a beta of 1.64. Intuitive Surgical, Inc. has a 1-year low of $425.00 and a 1-year high of $616.00. The business has a fifty day moving average price of $529.86 and a 200-day moving average price of $535.13.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The medical equipment provider reported $2.19 EPS for the quarter, topping the consensus estimate of $1.93 by $0.26. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the company earned $1.78 EPS. Intuitive Surgical's revenue for the quarter was up 21.4% on a year-over-year basis. As a group, analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

ISRG has been the topic of several recent research reports. UBS Group upped their price target on Intuitive Surgical from $547.00 to $585.00 and gave the stock a "neutral" rating in a research note on Wednesday. Royal Bank Of Canada boosted their target price on shares of Intuitive Surgical from $605.00 to $615.00 and gave the company an "outperform" rating in a report on Wednesday. Truist Financial increased their price target on shares of Intuitive Surgical from $590.00 to $600.00 and gave the stock a "buy" rating in a research note on Wednesday. Wall Street Zen raised shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Intuitive Surgical from a "hold" rating to a "sell" rating and dropped their price objective for the stock from $515.00 to $440.00 in a research note on Monday, June 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $592.05.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, Director Jami K. Nachtsheim sold 2,400 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $520.00, for a total value of $1,248,000.00. Following the transaction, the director directly owned 6,371 shares in the company, valued at approximately $3,312,920. This trade represents a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark Brosius sold 216 shares of Intuitive Surgical stock in a transaction on Friday, June 6th. The stock was sold at an average price of $563.11, for a total transaction of $121,631.76. Following the transaction, the senior vice president owned 907 shares in the company, valued at $510,740.77. This represents a 19.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,798 shares of company stock valued at $3,955,331 in the last quarter. 0.70% of the stock is currently owned by corporate insiders.

About Intuitive Surgical

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.

Want to see what other hedge funds are holding ISRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.