Roundview Capital LLC Grows Stock Position in Intuitive Surgical, Inc. $ISRG

Key Points

• Roundview Capital LLC increased its stake in Intuitive Surgical by 37.1% during Q2, owning 14,385 shares valued at approximately $7.82 million.
• Intuitive Surgical reported a 21.4% increase in revenue year-over-year, posting $2.44 billion for the last quarter and exceeding analysts' expectations.
• The company's stock has a market cap of $161.20 billion and a P/E ratio of 62.72, with analysts maintaining a consensus price target of $594.19.

Roundview Capital LLC boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 37.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,385 shares of the medical equipment provider's stock after purchasing an additional 3,894 shares during the period. Roundview Capital LLC's holdings in Intuitive Surgical were worth $7,817,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Chilton Capital Management LLC increased its holdings in Intuitive Surgical by 614.3% during the 1st quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider's stock valued at $25,000 after purchasing an additional 43 shares during the period. Elite Financial Inc. purchased a new position in Intuitive Surgical during the 1st quarter valued at about $26,000. LFA Lugano Financial Advisors SA purchased a new position in Intuitive Surgical during the 1st quarter valued at about $30,000. TD Capital Management LLC increased its holdings in Intuitive Surgical by 300.0% during the 1st 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 purchased a new position in Intuitive Surgical during the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 83.64% of the company's stock.

Intuitive Surgical Stock Performance

Intuitive Surgical stock opened at $449.69 on Tuesday. The stock's 50 day simple moving average is $462.67 and its two-hundred day simple moving average is $499.82. The stock has a market cap of $161.20 billion, a price-to-earnings ratio of 62.72, a PEG ratio of 4.74 and a beta of 1.61. Intuitive Surgical, Inc. has a fifty-two week low of $425.00 and a fifty-two week high of $616.00.

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. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The firm had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.35 billion. During the same period in the previous year, the firm posted $1.78 EPS. The business's revenue for the quarter was up 21.4% compared to the same quarter last year. On average, analysts predict that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Insider Transactions at Intuitive Surgical

In other news, insider Gary S. Guthart sold 29,360 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $472.49, for a total value of $13,872,306.40. Following the sale, the insider directly owned 19,827 shares of the company's stock, valued at $9,368,059.23. The trade was a 59.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Myriam Curet sold 4,500 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $492.48, for a total value of $2,216,160.00. Following the completion of the sale, the executive vice president directly owned 353 shares in the company, valued at approximately $173,845.44. This represents a 92.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,224 shares of company stock valued at $21,716,492 in the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ISRG has been the topic of a number of research analyst reports. The Goldman Sachs Group reduced their price target on Intuitive Surgical from $621.00 to $567.00 and set a "buy" rating on the stock in a report on Wednesday, October 1st. Erste Group Bank restated a "hold" rating on shares of Intuitive Surgical in a report on Wednesday, July 23rd. Evercore ISI lifted their price objective on Intuitive Surgical from $470.00 to $550.00 and gave the company an "in-line" rating in a research report on Tuesday, July 8th. Piper Sandler reaffirmed an "overweight" rating and set a $595.00 price objective (up from $575.00) on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Finally, BTIG Research reaffirmed a "buy" rating and set a $571.00 price objective on shares of Intuitive Surgical in a research report on Wednesday, October 1st. Fourteen equities research 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $594.19.

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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