Intuitive Surgical, Inc. $ISRG is Hudson Valley Investment Advisors Inc. ADV's 5th Largest Position

Key Points

• Hudson Valley Investment Advisors Inc. ADV has reduced its stake in Intuitive Surgical, Inc. by 1.8%, making it the fund's 5th largest holding, valued at approximately $36.5 million.
• Intuitive Surgical reported earnings of $2.19 per share, surpassing estimates, with revenue of $2.44 billion, which reflects a 21.4% increase year-over-year.
• Insiders of Intuitive Surgical sold a total of 45,224 shares valued at around $21.7 million in the last ninety days, indicating notable insider trading activity.

Hudson Valley Investment Advisors Inc. ADV lessened its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,221 shares of the medical equipment provider's stock after selling 1,245 shares during the quarter. Intuitive Surgical comprises about 4.0% of Hudson Valley Investment Advisors Inc. ADV's holdings, making the stock its 5th biggest holding. Hudson Valley Investment Advisors Inc. ADV's holdings in Intuitive Surgical were worth $36,529,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Norway Savings Bank lifted its position 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 buying an additional 910 shares during the last quarter. IronOak Wealth LLC. purchased a new stake in shares of Intuitive Surgical during the 2nd quarter worth approximately $1,099,000. Trust Co. of Oklahoma purchased a new stake in shares of Intuitive Surgical during the 2nd quarter worth approximately $363,000. Neville Rodie & Shaw Inc. lifted its position 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 last quarter. Finally, Banque Pictet & Cie SA lifted its position in shares of Intuitive Surgical by 12.1% during the 2nd quarter. Banque Pictet & Cie SA now owns 37,768 shares of the medical equipment provider's stock worth $20,524,000 after buying an additional 4,085 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company's stock.

Intuitive Surgical Stock Performance

Shares of ISRG opened at $452.35 on Friday. The stock has a market capitalization of $162.16 billion, a P/E ratio of 63.09, a P/E/G ratio of 4.64 and a beta of 1.61. The company's fifty day moving average is $463.55 and its two-hundred day moving average is $500.00. 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 announced its quarterly earnings data 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. The company had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.35 billion. Intuitive Surgical had a net margin of 28.51% and a return on equity of 14.56%. Intuitive Surgical's revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 EPS. Sell-side analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insider Transactions at Intuitive Surgical

In other news, insider Gary S. Guthart sold 29,360 shares of the company's stock in a transaction 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 of the company's stock, valued at $9,368,059.23. This represents a 59.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Myriam Curet sold 4,500 shares of the company's 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 transaction, the executive vice president directly owned 353 shares in the company, valued at approximately $173,845.44. This trade represents a 92.73% 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 ninety days. 0.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ISRG. The Goldman Sachs Group cut their target price on shares of Intuitive Surgical from $621.00 to $567.00 and set a "buy" rating on the stock in a report on Wednesday. Erste Group Bank reaffirmed a "hold" rating on shares of Intuitive Surgical in a report on Wednesday, July 23rd. Wells Fargo & Company lifted their target price on shares of Intuitive Surgical from $559.00 to $599.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Intuitive Surgical in a report on Friday, August 22nd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $615.00 target price on shares of Intuitive Surgical in a report on Tuesday, August 19th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $594.19.

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.

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