Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Bought by Liberty Wealth Management LLC

Key Points

• Liberty Wealth Management LLC increased its stake in Intuitive Surgical by 685.3% during the first quarter, now owning 77,638 shares valued at around $38.45 million.
• Multiple analysts have raised their price targets for Intuitive Surgical, with Evercore ISI increasing its target from $470 to $550, while the consensus price target now stands at $595.95.
• Intuitive Surgical reported earnings of $2.19 EPS for the last quarter, surpassing analysts' expectations, with a revenue increase of 21.4% compared to the previous year.

Liberty Wealth Management LLC grew its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 685.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,638 shares of the medical equipment provider's stock after purchasing an additional 67,752 shares during the period. Liberty Wealth Management LLC's holdings in Intuitive Surgical were worth $38,452,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ISRG. Castleark Management LLC lifted its stake in shares of Intuitive Surgical by 3.4% in the fourth quarter. Castleark Management LLC now owns 90,469 shares of the medical equipment provider's stock valued at $47,221,000 after purchasing an additional 2,990 shares during the period. Arlington Trust Co LLC lifted its stake in shares of Intuitive Surgical by 34.5% in the first quarter. Arlington Trust Co LLC now owns 745 shares of the medical equipment provider's stock valued at $369,000 after purchasing an additional 191 shares during the period. Aaron Wealth Advisors LLC lifted its stake in shares of Intuitive Surgical by 3.2% in the first quarter. Aaron Wealth Advisors LLC now owns 2,509 shares of the medical equipment provider's stock valued at $1,243,000 after purchasing an additional 78 shares during the period. Longbow Finance SA lifted its stake in shares of Intuitive Surgical by 132.0% in the first quarter. Longbow Finance SA now owns 19,699 shares of the medical equipment provider's stock valued at $9,756,000 after purchasing an additional 11,209 shares during the period. Finally, Ewing Morris & Co. Investment Partners Ltd. acquired a new stake in shares of Intuitive Surgical in the fourth quarter valued at about $454,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intuitive Surgical

In related news, SVP Mark Brosius sold 216 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $563.11, for a total value of $121,631.76. Following the completion of the sale, the senior vice president directly owned 907 shares in the company, valued at approximately $510,740.77. The trade was a 19.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary S. Guthart sold 2,800 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $495.24, for a total transaction of $1,386,672.00. Following the completion of the sale, the insider owned 18,520 shares of the company's stock, valued at approximately $9,171,844.80. The trade was a 13.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,903 shares of company stock worth $7,932,778. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ISRG shares. Evercore ISI raised their price objective on shares of Intuitive Surgical from $470.00 to $550.00 and gave the company an "in-line" rating in a research note on Tuesday, July 8th. Wall Street Zen upgraded shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Piper Sandler reiterated an "overweight" rating and issued a $595.00 price objective (up previously from $575.00) on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. UBS Group raised 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. Finally, BTIG Research lifted their target price on shares of Intuitive Surgical from $566.00 to $571.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $595.95.

Intuitive Surgical Price Performance

Shares of NASDAQ ISRG opened at $483.12 on Friday. The company has a market cap of $173.19 billion, a PE ratio of 67.38, a price-to-earnings-growth ratio of 5.06 and a beta of 1.60. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $616.00. The company has a 50-day simple moving average of $524.01 and a 200-day simple moving average of $533.02.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its quarterly 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 earnings per share. On average, analysts anticipate that Intuitive Surgical, Inc. will post 6.43 EPS 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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