Shell Asset Management Co. Acquires 5,984 Shares of Intuitive Surgical, Inc. $ISRG

Key Points

• Shell Asset Management Co. increased its stake in Intuitive Surgical, Inc. by 22.7%, acquiring an additional 5,984 shares, bringing their total to 32,349 shares valued at approximately $17.6 million.
• Intuitive Surgical reported strong quarterly earnings, with a revenue increase of 21.4% year-over-year, achieving $2.44 billion and an EPS of $2.19, surpassing estimates.
• Analysts maintain a generally positive outlook on Intuitive Surgical, with an average target price of $594.19 and most firms issuing "buy" or "overweight" ratings.

Shell Asset Management Co. raised its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 22.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,349 shares of the medical equipment provider's stock after buying an additional 5,984 shares during the period. Intuitive Surgical comprises approximately 0.6% of Shell Asset Management Co.'s investment portfolio, making the stock its 23rd biggest holding. Shell Asset Management Co.'s holdings in Intuitive Surgical were worth $17,579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ISRG. Aaron Wealth Advisors LLC lifted its stake in shares of Intuitive Surgical by 0.8% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 2,528 shares of the medical equipment provider's stock valued at $1,374,000 after acquiring an additional 19 shares during the last quarter. Crown Wealth Group LLC lifted its stake in shares of Intuitive Surgical by 4.8% in the 1st quarter. Crown Wealth Group LLC now owns 440 shares of the medical equipment provider's stock valued at $218,000 after acquiring an additional 20 shares during the last quarter. FSM Wealth Advisors LLC raised its position in Intuitive Surgical by 3.8% during the 1st quarter. FSM Wealth Advisors LLC now owns 546 shares of the medical equipment provider's stock worth $270,000 after purchasing an additional 20 shares during the last quarter. CFO4Life Group LLC raised its position in Intuitive Surgical by 4.8% during the 1st quarter. CFO4Life Group LLC now owns 436 shares of the medical equipment provider's stock worth $216,000 after purchasing an additional 20 shares during the last quarter. Finally, J. W. Coons Advisors LLC raised its position in Intuitive Surgical by 1.4% during the 1st quarter. J. W. Coons Advisors LLC now owns 1,497 shares of the medical equipment provider's stock worth $741,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 83.64% of the company's stock.

Intuitive Surgical Price Performance

Shares of ISRG opened at $449.69 on Tuesday. The stock has a 50-day moving average of $462.67 and a 200-day moving average of $499.82. The company has a market cap of $161.20 billion, a PE ratio of 62.72, a P/E/G ratio of 4.74 and a beta of 1.61. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year 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 EPS 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 return on equity of 14.56% and a net margin of 28.51%.The firm's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period last year, the business posted $1.78 EPS. Analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ISRG shares. Piper Sandler reaffirmed an "overweight" rating and set a $595.00 target price (up from $575.00) on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Wells Fargo & Company raised their target price on 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. Truist Financial raised their target price on Intuitive Surgical from $590.00 to $600.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, BTIG Research reaffirmed a "buy" rating and set a $571.00 target price 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's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $594.19.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, EVP Myriam Curet sold 4,500 shares of Intuitive Surgical 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 completion of the transaction, the executive vice president owned 353 shares in the company, valued at approximately $173,845.44. The trade was a 92.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gary S. Guthart sold 29,360 shares of Intuitive Surgical stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $472.49, for a total value of $13,872,306.40. Following the transaction, the insider owned 19,827 shares of the company's stock, valued at $9,368,059.23. This trade represents a 59.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,224 shares of company stock worth $21,716,492. Insiders own 0.70% of the company's stock.

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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