Intuitive Surgical, Inc. $ISRG Shares Purchased by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in Intuitive Surgical, now owning 12,882 shares worth $7 million after a 5.9% increase in the second quarter.
• Intuitive Surgical's recent quarterly earnings showed a 21.4% revenue increase year-over-year, reporting $2.44 billion, and earnings per share of $2.19, surpassing estimates.
• Brokerage ratings for Intuitive Surgical have varied, with 14 analysts

Knights of Columbus Asset Advisors LLC raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 5.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,882 shares of the medical equipment provider's stock after acquiring an additional 713 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Intuitive Surgical were worth $7,000,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of Intuitive Surgical by 24.9% during the fourth quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider's stock valued at $1,916,000 after acquiring an additional 731 shares during the period. NBC Securities Inc. acquired a new position in Intuitive Surgical during the 1st quarter valued at about $135,000. Vest Financial LLC grew its position in Intuitive Surgical by 73.5% in the 1st quarter. Vest Financial LLC now owns 4,728 shares of the medical equipment provider's stock worth $2,342,000 after purchasing an additional 2,003 shares during the last quarter. Pines Wealth Management LLC acquired a new stake in shares of Intuitive Surgical in the first quarter valued at approximately $216,000. Finally, Sivia Capital Partners LLC boosted its position in shares of Intuitive Surgical by 7.5% during the first quarter. Sivia Capital Partners LLC now owns 894 shares of the medical equipment provider's stock worth $443,000 after buying an additional 62 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ISRG. Piper Sandler reissued an "overweight" rating and set a $595.00 price target (up from $575.00) on shares of Intuitive Surgical in a report on Wednesday, July 23rd. Royal Bank Of Canada reissued an "outperform" rating and set a $615.00 target price on shares of Intuitive Surgical in a research note on Tuesday, August 19th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Intuitive Surgical in a research note on Saturday, September 27th. The Goldman Sachs Group decreased their price objective on shares of Intuitive Surgical from $621.00 to $567.00 and set a "buy" rating for the company in a report on Wednesday, October 1st. Finally, BTIG Research restated a "buy" rating and issued a $571.00 target price on shares of Intuitive Surgical in a research report on Wednesday, October 1st. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Intuitive Surgical has a consensus rating of "Moderate Buy" and a consensus price target of $594.19.

Intuitive Surgical Price Performance

NASDAQ ISRG opened at $452.35 on Monday. The firm has a market capitalization of $162.16 billion, a price-to-earnings ratio of 63.09, a price-to-earnings-growth ratio of 4.74 and a beta of 1.61. The company has a 50 day simple moving average of $463.55 and a 200-day simple moving average of $500.11. 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 quarterly earnings data on Tuesday, July 22nd. The medical equipment provider reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.26. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.35 billion. Intuitive Surgical had a net margin of 28.51% and a return on equity of 14.56%. The company's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.78 EPS. On average, analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insider Buying and Selling

In related news, insider Gary S. Guthart sold 29,360 shares of Intuitive Surgical stock in a transaction on Friday, August 29th. The stock was 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 approximately $9,368,059.23. This trade represents 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 accessible through the SEC website. Also, Director Amy L. Ladd sold 335 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $440.69, for a total value of $147,631.15. Following the completion of the transaction, the director owned 739 shares in the company, valued at $325,669.91. This trade represents a 31.19% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,224 shares of company stock worth $21,716,492. Corporate insiders own 0.70% of the company's stock.

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.

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