Intuitive Surgical, Inc. $ISRG Position Increased by Signal Advisors Wealth LLC

Key Points

• Signal Advisors Wealth LLC increased its holdings in Intuitive Surgical, Inc. by 86.7%, owning 3,360 shares valued at approximately $1.83 million as of the latest SEC filing.
• The company reported a Q2 EPS of $2.19, exceeding analysts' estimates of $1.93, along with revenues of $2.44 billion, up 21.4% year-over-year.
• Insiders sold a total of 45,224 shares of Intuitive Surgical stock worth around $21.72 million in the last 90 days, with insider ownership now at 0.70%.

Signal Advisors Wealth LLC lifted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 86.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,360 shares of the medical equipment provider's stock after acquiring an additional 1,560 shares during the quarter. Signal Advisors Wealth LLC's holdings in Intuitive Surgical were worth $1,826,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ISRG. AlphaCore Capital LLC raised its position in Intuitive Surgical by 4.2% in the 4th quarter. AlphaCore Capital LLC now owns 451 shares of the medical equipment provider's stock valued at $235,000 after purchasing an additional 18 shares in the last quarter. Aaron Wealth Advisors LLC boosted its position 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 purchasing an additional 19 shares during the period. Crown Wealth Group LLC increased its holdings 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 period. FSM Wealth Advisors LLC boosted its stake in shares of Intuitive Surgical by 3.8% during the first quarter. FSM Wealth Advisors LLC now owns 546 shares of the medical equipment provider's stock worth $270,000 after buying an additional 20 shares during the period. Finally, CFO4Life Group LLC increased its holdings in shares of Intuitive Surgical by 4.8% in the first quarter. CFO4Life Group LLC now owns 436 shares of the medical equipment provider's stock valued at $216,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 83.64% of the company's stock.

Intuitive Surgical Stock Performance

Shares of ISRG stock traded up $3.10 during trading hours on Monday, reaching $441.82. The company had a trading volume of 571,095 shares, compared to its average volume of 2,037,079. The stock's fifty day simple moving average is $476.64 and its 200 day simple moving average is $503.43. Intuitive Surgical, Inc. has a twelve month low of $425.00 and a twelve month high of $616.00. The company has a market capitalization of $158.38 billion, a P/E ratio of 61.79, a price-to-earnings-growth ratio of 4.60 and a beta of 1.61.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted its 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 net margin of 28.51% and a return on equity of 14.56%. The business 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 company posted $1.78 earnings per share. The business's revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, equities analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Insider Activity

In related news, insider Gary S. Guthart sold 29,360 shares of the business's stock in a transaction dated 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Myriam Curet sold 4,500 shares of the firm's stock in a transaction 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 transaction, the executive vice president owned 353 shares in the company, valued at $173,845.44. This trade represents a 92.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,224 shares of company stock worth $21,716,492 over the last ninety days. Corporate insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

ISRG has been the subject of a number of recent analyst reports. BTIG Research raised their price objective on shares of Intuitive Surgical from $566.00 to $571.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Zacks Research cut shares of Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Erste Group Bank reaffirmed a "hold" rating on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. Evercore ISI boosted their price target on Intuitive Surgical from $470.00 to $550.00 and gave the stock an "in-line" rating in a report on Tuesday, July 8th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $595.00 price target (up from $575.00) on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Intuitive Surgical currently has an average rating of "Moderate Buy" and an average price target 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.