Andrew Hill Investment Advisors Inc. Increases Stake in Intuitive Surgical, Inc. $ISRG

Key Points

• Andrew Hill Investment Advisors Inc. increased its stake in Intuitive Surgical, Inc. by 61.5% during the second quarter, now holding 7,688 shares valued at approximately $4.18 million.
• Institutional investors currently own 83.64% of Intuitive Surgical, with significant recent investments from firms like Chilton Capital Management and TD Capital Management.
• Intuitive Surgical's stock price opened at $433.66, with a market cap of $155.46 billion, and the company recently reported Q2 earnings exceeding expectations with a revenue of $2.44 billion.

Andrew Hill Investment Advisors Inc. boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 61.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,688 shares of the medical equipment provider's stock after acquiring an additional 2,927 shares during the period. Intuitive Surgical accounts for about 3.4% of Andrew Hill Investment Advisors Inc.'s portfolio, making the stock its 13th largest holding. Andrew Hill Investment Advisors Inc.'s holdings in Intuitive Surgical were worth $4,178,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Norway Savings Bank increased its stake in shares of Intuitive Surgical by 53.4% during the 2nd quarter. Norway Savings Bank now owns 2,613 shares of the medical equipment provider's stock worth $1,420,000 after purchasing an additional 910 shares in the last quarter. Castleark Management LLC grew its stake in shares of Intuitive Surgical by 3.4% during the fourth quarter. Castleark Management LLC now owns 90,469 shares of the medical equipment provider's stock valued at $47,221,000 after purchasing an additional 2,990 shares during the last quarter. Trust Co. of Oklahoma acquired a new stake in shares of Intuitive Surgical during the second quarter worth $363,000. Neville Rodie & Shaw Inc. boosted its holdings in shares of Intuitive Surgical by 11.9% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 10,427 shares of the medical equipment provider's stock worth $5,666,000 after buying an additional 1,110 shares during the period. Finally, Arlington Trust Co LLC grew its holdings in Intuitive Surgical by 34.5% during the 1st quarter. Arlington Trust Co LLC now owns 745 shares of the medical equipment provider's stock worth $369,000 after acquiring an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company's stock.

Insider Buying and Selling

In related news, insider Gary S. Guthart sold 29,360 shares of Intuitive Surgical stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $472.49, for a total value of $13,872,306.40. Following the sale, the insider owned 19,827 shares of the company's stock, valued at approximately $9,368,059.23. The trade was a 59.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy L. Ladd sold 335 shares of the company's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $440.69, for a total transaction of $147,631.15. Following the transaction, the director directly owned 739 shares of the company's stock, valued at approximately $325,669.91. This trade represents a 31.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,224 shares of company stock worth $21,716,492. Corporate insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on ISRG shares. Wall Street Zen raised shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. BTIG Research upped their target price on Intuitive Surgical from $566.00 to $571.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Intuitive Surgical in a research note on Friday, August 22nd. Royal Bank Of Canada reissued an "outperform" rating and issued a $615.00 price target on shares of Intuitive Surgical in a report on Tuesday, August 19th. Finally, Zacks Research lowered Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Thirteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Intuitive Surgical has an average rating of "Moderate Buy" and an average price target of $595.95.

Intuitive Surgical Stock Up 0.7%

Shares of Intuitive Surgical stock traded up $2.89 during trading hours on Friday, reaching $438.72. 3,756,410 shares of the company's stock were exchanged, compared to its average volume of 2,285,360. The company has a market capitalization of $157.27 billion, a P/E ratio of 61.19, a price-to-earnings-growth ratio of 4.60 and a beta of 1.61. The business has a fifty day moving average of $476.64 and a two-hundred day moving average of $503.68. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $616.00.

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

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.