Intuitive Surgical, Inc. $ISRG Shares Bought by Guardian Wealth Advisors LLC NC

Key Points

• Guardian Wealth Advisors LLC NC increased its Intuitive Surgical holdings by 177.9% in the second quarter, ending with 6,982 shares valued at approximately $2.78 million. Institutional investors and hedge funds collectively own 83.64% of the company.
• Intuitive Surgical reported quarterly earnings of $2.80 per share, beating estimates of $2.48, while revenue rose 18.4% year over year to $2.89 billion. Shares opened at $366.70, well below their 52-week high of $603.88.
• Analysts maintain a generally positive outlook, with 22 Buy ratings, eight Holds and one Sell rating, producing a “Moderate Buy” consensus and an average price target of $508.68. Insiders, however, sold 11,635 shares worth $4.64 million over the past 90 days.

Guardian Wealth Advisors LLC NC boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 177.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,982 shares of the medical equipment provider's stock after purchasing an additional 4,470 shares during the quarter. Guardian Wealth Advisors LLC NC's holdings in Intuitive Surgical were worth $2,777,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Prosperity Consulting Group LLC grew its stake in Intuitive Surgical by 0.5% in the 3rd quarter. Prosperity Consulting Group LLC now owns 4,033 shares of the medical equipment provider's stock valued at $1,804,000 after acquiring an additional 19 shares during the period. Valeo Financial Advisors LLC increased its holdings in Intuitive Surgical by 0.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 4,941 shares of the medical equipment provider's stock worth $2,798,000 after acquiring an additional 21 shares in the last quarter. Dana Investment Advisors Inc. raised its position in Intuitive Surgical by 1.9% during the fourth quarter. Dana Investment Advisors Inc. now owns 1,140 shares of the medical equipment provider's stock worth $646,000 after acquiring an additional 21 shares during the period. Forefront Wealth Partners LLC raised its position in Intuitive Surgical by 2.6% during the fourth quarter. Forefront Wealth Partners LLC now owns 819 shares of the medical equipment provider's stock worth $464,000 after acquiring an additional 21 shares during the period. Finally, High Note Wealth LLC lifted its holdings in Intuitive Surgical by 50.0% during the fourth quarter. High Note Wealth LLC now owns 69 shares of the medical equipment provider's stock valued at $39,000 after purchasing an additional 23 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Intuitive Surgical Price Performance

Shares of ISRG opened at $366.70 on Monday. Intuitive Surgical, Inc. has a 52-week low of $328.57 and a 52-week high of $603.88. The stock has a market cap of $129.55 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 2.77 and a beta of 1.47. The firm's fifty day moving average is $381.44 and its two-hundred day moving average is $428.20.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its earnings results on Thursday, July 16th. The medical equipment provider reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.32. The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.83 billion. Intuitive Surgical had a net margin of 28.45% and a return on equity of 16.91%. The company's quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.81 earnings per share. As a group, research analysts anticipate that Intuitive Surgical, Inc. will post 8.87 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Intuitive Surgical from $670.00 to $550.00 and set a "buy" rating on the stock in a research report on Friday, July 17th. Piper Sandler restated an "overweight" rating on shares of Intuitive Surgical in a research report on Friday, August 21st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Intuitive Surgical in a research note on Friday, August 14th. Oppenheimer upgraded Intuitive Surgical from a "market perform" rating to an "outperform" rating and set a $500.00 price objective on the stock in a report on Wednesday, August 12th. Finally, BTIG Research cut their price objective on Intuitive Surgical from $512.00 to $469.00 and set a "buy" rating for the company in a research note on Friday, July 17th. Twenty-two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $508.68.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, EVP Mark Brosius sold 77 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $375.57, for a total value of $28,918.89. Following the transaction, the executive vice president directly owned 881 shares of the company's stock, valued at $330,877.17. This trade represents a 8.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Guthart sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $400.00, for a total value of $4,000,000.00. Following the transaction, the director owned 1,245,679 shares in the company, valued at approximately $498,271,600. This represents a 0.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,635 shares of company stock worth $4,640,172 in the last 90 days. 0.60% of the stock is currently owned by insiders.

Intuitive Surgical Company Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon's hand movements into finer, scaled motions of small instruments inside the patient. Intuitive's business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.

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