Bfsg LLC Boosts Stock Position in Intuitive Surgical, Inc. $ISRG

Key Points

• Bfsg LLC significantly increased its stake in Intuitive Surgical, Inc. by 15,521.7%, owning 3,593 shares valued at nearly $1.95 million as of its latest filing.
• Intuitive Surgical reported a quarterly earnings per share (EPS) of $2.19, surpassing analysts' expectations of $1.93, with revenue reaching $2.44 billion.
• As of now, institutional investors own approximately 83.64% of Intuitive Surgical's stock, underscoring strong institutional interest in the company.

Bfsg LLC raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 15,521.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,593 shares of the medical equipment provider's stock after purchasing an additional 3,570 shares during the period. Bfsg LLC's holdings in Intuitive Surgical were worth $1,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ISRG. Brighton Jones LLC grew its stake in Intuitive Surgical by 24.9% in the fourth quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider's stock valued at $1,916,000 after purchasing an additional 731 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in Intuitive Surgical by 0.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 190,969 shares of the medical equipment provider's stock valued at $99,678,000 after purchasing an additional 883 shares during the last quarter. Toronto Dominion Bank grew its stake in Intuitive Surgical by 11.6% in the fourth quarter. Toronto Dominion Bank now owns 202,571 shares of the medical equipment provider's stock valued at $105,734,000 after purchasing an additional 21,079 shares during the last quarter. Integrated Advisors Network LLC grew its stake in Intuitive Surgical by 14.0% in the fourth quarter. Integrated Advisors Network LLC now owns 1,998 shares of the medical equipment provider's stock valued at $1,043,000 after purchasing an additional 245 shares during the last quarter. Finally, Financial Advisory Corp purchased a new position in Intuitive Surgical in the fourth quarter valued at about $258,000. Hedge funds and other institutional investors own 83.64% of the company's stock.

Intuitive Surgical Price Performance

Intuitive Surgical stock opened at $444.55 on Tuesday. The stock has a market capitalization of $159.36 billion, a PE ratio of 62.00, a price-to-earnings-growth ratio of 4.60 and a beta of 1.61. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $616.00. The business has a 50 day simple moving average of $475.20 and a 200-day simple moving average of $502.92.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The medical equipment provider reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $0.26. The business had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.35 billion. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The business's revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 earnings per share. On average, equities research analysts anticipate that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Insider Activity

In related news, EVP Myriam Curet sold 4,500 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $492.48, for a total transaction of $2,216,160.00. Following the completion of the sale, the executive vice president directly owned 353 shares in the company, valued at approximately $173,845.44. The trade was a 92.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy L. Ladd sold 335 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $440.69, for a total value of $147,631.15. Following the sale, the director owned 739 shares of the company's stock, valued at $325,669.91. The trade was a 31.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,224 shares of company stock worth $21,716,492 over the last three months. 0.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ISRG. Erste Group Bank reissued a "hold" rating on shares of Intuitive Surgical in a report on Wednesday, July 23rd. BTIG Research raised their price target on Intuitive Surgical from $566.00 to $571.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Zacks Research downgraded Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Intuitive Surgical in a report on Friday, August 22nd. Finally, 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. Thirteen equities research 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 MarketBeat.com, Intuitive Surgical presently has a consensus rating of "Moderate Buy" and a consensus price target of $595.95.

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.

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.