Steel Grove Capital Advisors LLC Invests $516,000 in Intuitive Surgical, Inc. $ISRG

Key Points

• Steel Grove Capital Advisors LLC invested $516,000 to acquire 950 shares of Intuitive Surgical, Inc. in the second quarter, reflecting growing interest from institutional investors.
• Insider trades have seen significant activity, with Gary S. Guthart selling over 29,000 shares and reducing his stake by nearly 60%, indicating possible shifts in confidence about the company.
• Analyst ratings show a mixed outlook, with a consensus rating of "Moderate Buy" and an average target price of $587.77, though opinions among brokerages vary widely.

Steel Grove Capital Advisors LLC acquired a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 950 shares of the medical equipment provider's stock, valued at approximately $516,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chilton Capital Management LLC increased its position in shares of Intuitive Surgical by 614.3% during the 1st quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider's stock worth $25,000 after purchasing an additional 43 shares in the last quarter. Elite Financial Inc. acquired a new stake in shares of Intuitive Surgical during the 1st quarter worth about $26,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Intuitive Surgical during the 1st quarter worth about $30,000. TD Capital Management LLC increased its position in shares of Intuitive Surgical by 300.0% during the 1st quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider's stock worth $30,000 after purchasing an additional 45 shares in the last quarter. Finally, 1248 Management LLC acquired a new stake in shares of Intuitive Surgical during the 1st quarter worth about $30,000. 83.64% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Gary S. Guthart sold 29,360 shares of the firm's 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 approximately $9,368,059.23. This trade represents a 59.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Myriam Curet sold 4,500 shares of Intuitive Surgical stock in a transaction that occurred on 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 directly owned 353 shares in the company, valued at $173,845.44. The trade was a 92.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,224 shares of company stock valued at $21,716,492. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on ISRG. UBS Group set a $529.00 target price on shares of Intuitive Surgical in a research report on Monday, October 13th. Wells Fargo & Company increased 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. Mizuho lowered their price objective on shares of Intuitive Surgical from $570.00 to $520.00 and set a "neutral" rating for the company in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Intuitive Surgical in a research report on Friday, August 22nd. Finally, Erste Group Bank restated a "hold" rating on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Fifteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Intuitive Surgical presently has a consensus rating of "Moderate Buy" and an average target price of $587.77.

Intuitive Surgical Trading Up 0.9%

Shares of NASDAQ ISRG opened at $462.74 on Wednesday. The firm has a market capitalization of $165.88 billion, a PE ratio of 64.54, a price-to-earnings-growth ratio of 4.81 and a beta of 1.61. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $616.00. The firm's 50-day moving average is $454.39 and its 200-day moving average is $495.58.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.41. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.41 billion. Intuitive Surgical had a net margin of 28.51% and a return on equity of 14.56%. The company's revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.84 EPS. As a group, equities research analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

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.

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