Baader Bank Aktiengesellschaft Acquires 1,183 Shares of Intuitive Surgical, Inc. $ISRG

Key Points

• Baader Bank Aktiengesellschaft increased its stake in Intuitive Surgical, Inc. by 50.6% in the second quarter, acquiring a total of 3,520 shares valued at approximately $1.91 million.
• Intuitive Surgical's latest earnings showed a 21.4% increase in revenue year-over-year, reporting $2.44 billion in revenue for the quarter and an EPS of $2.19, surpassing analysts' expectations.
• Thirteen analysts rated Intuitive Surgical as a Buy, with a consensus target price of $595.95 as the stock currently trades around $433.66.

Baader Bank Aktiengesellschaft lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 50.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,520 shares of the medical equipment provider's stock after buying an additional 1,183 shares during the period. Baader Bank Aktiengesellschaft's holdings in Intuitive Surgical were worth $1,913,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Nuveen LLC bought a new position in Intuitive Surgical during the 1st quarter worth about $1,715,899,000. GAMMA Investing LLC increased its holdings in Intuitive Surgical by 54,010.7% during the 1st quarter. GAMMA Investing LLC now owns 3,028,576 shares of the medical equipment provider's stock worth $14,999,630,000 after purchasing an additional 3,022,979 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Intuitive Surgical by 26.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,819,666 shares of the medical equipment provider's stock worth $1,396,496,000 after purchasing an additional 584,375 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Intuitive Surgical by 20.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,393,951 shares of the medical equipment provider's stock worth $1,680,922,000 after purchasing an additional 566,979 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Intuitive Surgical by 15.0% during the 1st quarter. Wellington Management Group LLP now owns 3,499,052 shares of the medical equipment provider's stock worth $1,732,975,000 after purchasing an additional 457,080 shares in the last quarter. Institutional investors own 83.64% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ISRG shares. Erste Group Bank reiterated a "hold" rating on shares of Intuitive Surgical in a report on Wednesday, July 23rd. Wells Fargo & Company increased their price objective on shares of Intuitive Surgical from $559.00 to $599.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Evercore ISI increased their price objective on shares of Intuitive Surgical from $470.00 to $550.00 and gave the stock an "in-line" rating in a research note on Tuesday, July 8th. Royal Bank Of Canada restated an "outperform" rating and set a $615.00 price objective on shares of Intuitive Surgical in a research note on Tuesday, August 19th. Finally, Truist Financial increased their price objective on shares of Intuitive Surgical from $590.00 to $600.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Thirteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $595.95.

Intuitive Surgical Stock Performance

NASDAQ:ISRG traded up $5.83 during mid-day trading on Monday, hitting $444.55. The stock had a trading volume of 2,652,022 shares, compared to its average volume of 2,373,186. Intuitive Surgical, Inc. has a twelve month low of $425.00 and a twelve month high of $616.00. The stock has a market cap of $159.36 billion, a price-to-earnings ratio of 62.00, a PEG ratio of 4.60 and a beta of 1.61. The company's 50 day simple moving average is $475.20 and its 200 day simple moving average is $502.92.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.26. Intuitive Surgical had a net margin of 28.51% and a return on equity of 14.56%. The business 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 business posted $1.78 EPS. Intuitive Surgical's revenue was up 21.4% on a year-over-year basis. As a group, equities analysts forecast that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, EVP Myriam Curet sold 4,500 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $492.48, for a total value of $2,216,160.00. Following the transaction, the executive vice president directly owned 353 shares of the company's stock, valued at $173,845.44. This represents a 92.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary S. Guthart sold 29,360 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $472.49, for a total transaction of $13,872,306.40. Following the completion of the transaction, the insider directly owned 19,827 shares in the company, valued at approximately $9,368,059.23. This represents a 59.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,224 shares of company stock valued at $21,716,492 in the last three months. 0.70% of the stock is currently owned by company insiders.

Intuitive Surgical Company 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.