S Bank Fund Management Ltd Takes $1.22 Million Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Key Points

• S Bank Fund Management Ltd has acquired a new position in Intuitive Surgical, Inc. by purchasing 2,468 shares valued at approximately $1,222,000.
• Insider selling activity was notable, with Gary S. Guthart selling 2,800 shares for over $1.3 million, representing a significant decrease in his stake.
• Research analysts have generally maintained a positive outlook, with 14 analysts rating it a buy and a consensus target price of approximately $595.95.

S Bank Fund Management Ltd bought a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,468 shares of the medical equipment provider's stock, valued at approximately $1,222,000.

A number of other large investors have also modified their holdings of the company. Parvin Asset Management LLC acquired a new position in Intuitive Surgical during the fourth quarter worth $26,000. Chilton Capital Management LLC raised its stake in Intuitive Surgical by 614.3% during the first quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider's stock worth $25,000 after acquiring an additional 43 shares in the last quarter. Global Financial Private Client LLC raised its stake in Intuitive Surgical by 253.3% during the first quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock worth $26,000 after acquiring an additional 38 shares in the last quarter. Elite Financial Inc. acquired a new position in Intuitive Surgical during the first quarter worth $26,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in Intuitive Surgical during the first quarter worth $30,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Surgical Trading Down 1.1%

Intuitive Surgical stock traded down $5.27 during mid-day trading on Thursday, hitting $477.08. The stock had a trading volume of 1,892,669 shares, compared to its average volume of 2,198,038. The stock has a 50-day simple moving average of $510.29 and a two-hundred day simple moving average of $526.13. The stock has a market capitalization of $171.02 billion, a PE ratio of 66.54, a P/E/G ratio of 5.06 and a beta of 1.59. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $616.00.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 earnings per share (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 quarter last year, the business earned $1.78 earnings per share. The company's revenue was up 21.4% compared to the same quarter last year. Sell-side analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intuitive Surgical news, EVP Myriam Curet sold 4,500 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $492.48, for a total transaction of $2,216,160.00. Following the transaction, the executive vice president owned 353 shares in the company, valued at approximately $173,845.44. This trade represents a 92.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gary S. Guthart sold 7,893 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $498.64, for a total value of $3,935,765.52. Following the transaction, the insider owned 13,187 shares in the company, valued at approximately $6,575,565.68. This trade represents a 37.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,859 shares of company stock worth $7,908,248. Insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ISRG shares. Evercore ISI increased their price objective on Intuitive Surgical from $470.00 to $550.00 and gave the stock an "in-line" rating in a research note on Tuesday, July 8th. UBS Group raised their target price on Intuitive Surgical from $547.00 to $585.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada raised their target price on Intuitive Surgical from $605.00 to $615.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded Intuitive Surgical from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Piper Sandler restated an "overweight" rating and issued a $595.00 target price (up from $575.00) on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Intuitive Surgical currently has an average rating of "Moderate Buy" and a consensus target price of $595.95.

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.