James Hambro & Partners LLP Has $127.01 Million Stock Position in Intuitive Surgical, Inc. $ISRG

Key Points

• James Hambro & Partners LLP increased its stake in Intuitive Surgical, Inc. by 4.3% in Q2, holding approximately $127 million worth of the stock, making it their 9th largest holding.
• Institutional investors collectively own 83.64% of Intuitive Surgical's stock, with significant recent activity from firms like Vanguard and Wellington Management increasing their holdings.
• Analysts have mixed ratings on Intuitive Surgical, with thirteen issuing a Buy rating, while Wall Street Zen downgraded it to a Hold, reflecting differing views on its future performance.

James Hambro & Partners LLP lifted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 4.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 233,647 shares of the medical equipment provider's stock after acquiring an additional 9,581 shares during the period. Intuitive Surgical accounts for approximately 5.0% of James Hambro & Partners LLP's holdings, making the stock its 9th biggest holding. James Hambro & Partners LLP owned 0.07% of Intuitive Surgical worth $127,005,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Intuitive Surgical by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 32,665,531 shares of the medical equipment provider's stock valued at $16,178,258,000 after acquiring an additional 453,335 shares during the last quarter. Invesco Ltd. grew its stake in shares of Intuitive Surgical by 1.7% during the first quarter. Invesco Ltd. now owns 4,219,974 shares of the medical equipment provider's stock valued at $2,090,027,000 after buying an additional 71,794 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Intuitive Surgical by 0.3% in the first quarter. Northern Trust Corp now owns 3,631,281 shares of the medical equipment provider's stock worth $1,798,465,000 after buying an additional 11,988 shares during the period. Wellington Management Group LLP lifted its stake in shares of Intuitive Surgical by 15.0% during the 1st quarter. Wellington Management Group LLP now owns 3,499,052 shares of the medical equipment provider's stock worth $1,732,975,000 after acquiring an additional 457,080 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Intuitive Surgical during the 1st quarter worth approximately $1,715,899,000. Institutional investors own 83.64% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ISRG shares. Wall Street Zen lowered Intuitive Surgical from a "buy" rating to a "hold" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Intuitive Surgical in a research report on Friday, August 22nd. Wells Fargo & Company raised their target price on shares of Intuitive Surgical from $559.00 to $599.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $615.00 target price on shares of Intuitive Surgical in a research report on Tuesday, August 19th. Finally, Evercore ISI raised their target price on shares of Intuitive Surgical from $470.00 to $550.00 and gave the stock an "in-line" rating in a research report on Tuesday, July 8th. Thirteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $595.95.

Insider Buying and Selling at Intuitive Surgical

In other news, insider Gary S. Guthart sold 29,360 shares of Intuitive Surgical 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 completion of the sale, the insider directly owned 19,827 shares in the company, valued at approximately $9,368,059.23. The trade was a 59.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amy L. Ladd sold 335 shares of Intuitive Surgical stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $440.69, for a total transaction of $147,631.15. Following the sale, the director owned 739 shares of the company's stock, valued at $325,669.91. The trade was a 31.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,224 shares of company stock worth $21,716,492 over the last three months. Corporate insiders own 0.70% of the company's stock.

Intuitive Surgical Stock Up 0.7%

Shares of ISRG opened at $441.12 on Friday. The company has a market cap of $158.13 billion, a price-to-earnings ratio of 61.52, a price-to-earnings-growth ratio of 4.62 and a beta of 1.61. Intuitive Surgical, Inc. has a twelve month low of $425.00 and a twelve month high of $616.00. The company has a 50 day moving average of $469.43 and a two-hundred day moving average of $501.49.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its earnings results 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 company 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%. Intuitive Surgical's revenue was up 21.4% compared to the same quarter last year. During the same period last year, the firm earned $1.78 earnings per share. On average, sell-side analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

About Intuitive Surgical

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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