Intuitive Surgical, Inc. $ISRG Shares Acquired by Richardson Financial Services Inc.

Key Points

• Richardson Financial Services Inc. significantly increased its stake in Intuitive Surgical, Inc. by 339.8%, now holding 1,526 shares valued at $821,000 as of the end of the last quarter.
• Insider transactions were notable, with Gary S. Guthart selling 29,360 shares for approximately $13.87 million, reducing his ownership by nearly 60%.
• Analysts maintain a positive outlook with 14 Buy ratings and a consensus target price of $589.43, while the stock currently trades at $429.59, down 3.2% recently.

Richardson Financial Services Inc. lifted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 339.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,526 shares of the medical equipment provider's stock after buying an additional 1,179 shares during the period. Richardson Financial Services Inc.'s holdings in Intuitive Surgical were worth $821,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chilton Capital Management LLC lifted its stake in shares of Intuitive Surgical by 614.3% during the first quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider's stock worth $25,000 after buying an additional 43 shares during the period. Elite Financial Inc. acquired a new position in Intuitive Surgical during the first quarter valued at $26,000. LFA Lugano Financial Advisors SA acquired a new position in Intuitive Surgical during the first quarter valued at $30,000. TD Capital Management LLC lifted its position in Intuitive Surgical by 300.0% during the first quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider's stock valued at $30,000 after purchasing an additional 45 shares during the period. Finally, 1248 Management LLC acquired a new position in Intuitive Surgical during the first quarter valued at $30,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intuitive Surgical

In other news, insider Gary S. Guthart sold 29,360 shares of the business's 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 sale, the insider owned 19,827 shares of the company's stock, valued at $9,368,059.23. The trade was a 59.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Myriam Curet sold 4,500 shares of the business's stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. Insiders sold 45,224 shares of company stock valued at $21,716,492 over the last 90 days. Corporate insiders own 0.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ISRG shares. Truist Financial boosted their target price on shares of Intuitive Surgical from $590.00 to $600.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Saturday, October 4th. Evercore ISI decreased their target price on shares of Intuitive Surgical from $535.00 to $450.00 and set an "in-line" rating for the company in a research report on Tuesday. Weiss Ratings restated a "hold (c+)" rating on shares of Intuitive Surgical in a research report on Wednesday. Finally, Piper Sandler restated an "overweight" rating and set a $595.00 target price (up from $575.00) on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Intuitive Surgical presently has a consensus rating of "Moderate Buy" and a consensus target price of $589.43.

Intuitive Surgical Stock Down 3.2%

ISRG stock opened at $429.59 on Friday. The stock has a market capitalization of $154.00 billion, a P/E ratio of 59.91, a P/E/G ratio of 4.66 and a beta of 1.61. The firm has a 50-day simple moving average of $458.68 and a 200-day simple moving average of $497.98. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00.

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, topping 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 net margin of 28.51% and a return on equity of 14.56%. The company's quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.78 earnings per share. On average, analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

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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