Flputnam Investment Management Co. Purchases 1,670 Shares of Intuitive Surgical, Inc. $ISRG

Key Points

• Flputnam Investment Management Co. increased its stake in Intuitive Surgical by 14.7%, now holding 13,035 shares worth approximately $6.46 million after acquiring an additional 1,670 shares in the first quarter.
• Multiple large investors, including Chilton Capital Management and Global Financial Private Client, significantly boosted their positions in Intuitive Surgical, showcasing strong institutional interest with 83.64% of the company now owned by institutional investors.
• Intuitive Surgical's recent earnings report exceeded expectations, with $2.19 earnings per share and revenue of $2.44 billion, reflecting a year-over-year growth of 21.4%.

Flputnam Investment Management Co. lifted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 14.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,035 shares of the medical equipment provider's stock after buying an additional 1,670 shares during the period. Flputnam Investment Management Co.'s holdings in Intuitive Surgical were worth $6,456,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Chilton Capital Management LLC raised its position 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 acquiring an additional 43 shares during the period. Global Financial Private Client LLC raised its holdings 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 purchasing an additional 38 shares during the period. Elite Financial Inc. purchased a new position in Intuitive Surgical in the first quarter valued at approximately $26,000. LFA Lugano Financial Advisors SA bought a new position in Intuitive Surgical during the first quarter valued at $30,000. Finally, TD Capital Management LLC increased its position in Intuitive Surgical by 300.0% in the first quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider's stock worth $30,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company's stock.

Intuitive Surgical Stock Up 3.0%

Shares of ISRG stock traded up $13.34 during trading on Thursday, hitting $454.52. The company had a trading volume of 3,938,868 shares, compared to its average volume of 2,020,191. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00. The stock has a market capitalization of $162.93 billion, a price-to-earnings ratio of 63.39, a price-to-earnings-growth ratio of 4.96 and a beta of 1.61. The stock's 50-day moving average is $496.93 and its two-hundred day moving average is $515.29.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last released its 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 business had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.35 billion. During the same quarter in the prior year, the firm earned $1.78 earnings per share. The firm's revenue was up 21.4% on a year-over-year basis. On average, research analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, insider Gary S. Guthart sold 29,360 shares of the stock in a transaction that occurred on 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 transaction, the insider directly owned 19,827 shares in the company, valued at $9,368,059.23. This trade represents a 59.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Myriam Curet sold 4,500 shares of Intuitive Surgical stock in a transaction 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 transaction, the executive vice president owned 353 shares in the company, valued at approximately $173,845.44. The trade was a 92.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,769 shares of company stock worth $21,532,536 over the last ninety days. Insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ISRG. Evercore ISI lifted their price objective on Intuitive Surgical from $470.00 to $550.00 and gave the stock an "in-line" rating in a report on Tuesday, July 8th. Piper Sandler reiterated an "overweight" rating and set a $595.00 target price (up previously from $575.00) on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Royal Bank Of Canada reiterated an "outperform" rating and set a $615.00 target price on shares of Intuitive Surgical in a research report on Tuesday, August 19th. Truist Financial increased their target price on shares of Intuitive Surgical from $590.00 to $600.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, UBS Group lifted their price objective on shares of Intuitive Surgical from $547.00 to $585.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $595.95.

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.