Commonwealth Equity Services LLC Has $37.40 Million Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Key Points

• Commonwealth Equity Services LLC increased its stake in Intuitive Surgical by 1.8%, holding 75,504 shares valued at approximately $37.40 million.
• Intuitive Surgical reported earnings of $2.19 EPS for the latest quarter, exceeding analysts' expectations by $0.26, with a revenue of $2.44 billion.
• Insider Gary S. Guthart sold 7,893 shares at an average price of approximately $498.64, reducing his ownership by 37.44%.

Commonwealth Equity Services LLC lifted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,504 shares of the medical equipment provider's stock after purchasing an additional 1,364 shares during the period. Commonwealth Equity Services LLC's holdings in Intuitive Surgical were worth $37,395,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Castleark Management LLC grew its holdings in Intuitive Surgical by 3.4% during the 4th quarter. Castleark Management LLC now owns 90,469 shares of the medical equipment provider's stock worth $47,221,000 after acquiring an additional 2,990 shares during the period. 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 period. Aaron Wealth Advisors LLC grew its holdings in Intuitive Surgical by 3.2% during the 1st quarter. Aaron Wealth Advisors LLC now owns 2,509 shares of the medical equipment provider's stock worth $1,243,000 after acquiring an additional 78 shares during the period. Longbow Finance SA grew its holdings in Intuitive Surgical by 132.0% during the 1st quarter. Longbow Finance SA now owns 19,699 shares of the medical equipment provider's stock worth $9,756,000 after acquiring an additional 11,209 shares during the period. Finally, Ewing Morris & Co. Investment Partners Ltd. acquired a new stake in Intuitive Surgical during the 4th quarter worth $454,000. Institutional investors and hedge funds own 83.64% of the company's stock.

Intuitive Surgical Price Performance

NASDAQ ISRG opened at $477.00 on Wednesday. The business has a fifty day moving average price of $521.43 and a two-hundred day moving average price of $531.52. Intuitive Surgical, Inc. has a fifty-two week low of $425.00 and a fifty-two week high of $616.00. The stock has a market capitalization of $170.99 billion, a PE ratio of 66.53, a PEG ratio of 5.07 and a beta of 1.59.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its quarterly earnings results 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. 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 analysts' expectations of $2.35 billion. During the same period in the prior year, the company earned $1.78 EPS. Intuitive Surgical's revenue was up 21.4% compared to the same quarter last year. As a group, sell-side analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Insider Activity

In related news, insider Gary S. Guthart sold 7,893 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $498.64, for a total value of $3,935,765.52. Following the completion of the sale, the insider directly owned 13,187 shares in the company, valued at $6,575,565.68. This represents a 37.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Myriam Curet sold 4,500 shares of the stock in a transaction on 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 completion of the sale, the executive vice president owned 353 shares of the company's stock, valued at $173,845.44. The trade was a 92.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,903 shares of company stock worth $7,932,778. Insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Royal Bank Of Canada raised their price objective on Intuitive Surgical from $605.00 to $615.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Robert W. Baird dropped their price objective on Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Barclays dropped their price objective on Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Piper Sandler reaffirmed an "overweight" rating and set a $595.00 price objective (up previously from $575.00) on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. Finally, UBS Group raised their price objective on Intuitive Surgical from $547.00 to $585.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $595.95.

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.

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