Intuitive Surgical, Inc. $ISRG Shares Purchased by Steward Partners Investment Advisory LLC

Key Points

• Steward Partners Investment Advisory LLC increased its position in Intuitive Surgical, Inc. by 17.6%, holding a total of 17,087 shares valued at approximately $8.46 million as of the latest reporting period.
• 83.64% of Intuitive Surgical's stock is owned by institutional investors and hedge funds, indicating strong institutional interest in the company.
• The company reported a 21.4% year-over-year increase in quarterly revenue, topping analysts' expectations with $2.44 billion in revenue and an EPS of $2.19 for the quarter.

Steward Partners Investment Advisory LLC increased its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 17.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,087 shares of the medical equipment provider's stock after buying an additional 2,562 shares during the period. Steward Partners Investment Advisory LLC's holdings in Intuitive Surgical were worth $8,463,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ISRG. Roberts Capital Advisors LLC acquired a new position in Intuitive Surgical during the first quarter worth approximately $851,000. Tyler Stone Wealth Management increased its position in shares of Intuitive Surgical by 34.7% in the first quarter. Tyler Stone Wealth Management now owns 1,729 shares of the medical equipment provider's stock worth $856,000 after acquiring an additional 445 shares in the last quarter. Alliance Wealth Advisors LLC UT increased its position in shares of Intuitive Surgical by 56.7% in the first quarter. Alliance Wealth Advisors LLC UT now owns 835 shares of the medical equipment provider's stock worth $414,000 after acquiring an additional 302 shares in the last quarter. Tocqueville Asset Management L.P. increased its position in shares of Intuitive Surgical by 0.5% in the first quarter. Tocqueville Asset Management L.P. now owns 24,890 shares of the medical equipment provider's stock worth $12,327,000 after acquiring an additional 113 shares in the last quarter. Finally, United Capital Management of KS Inc. increased its position in shares of Intuitive Surgical by 1,354.0% in the first quarter. United Capital Management of KS Inc. now owns 11,021 shares of the medical equipment provider's stock worth $5,458,000 after acquiring an additional 10,263 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ISRG shares. Wall Street Zen upgraded shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Citigroup restated a "buy" rating and issued a $650.00 target price (up from $590.00) on shares of Intuitive Surgical in a research note on Thursday, May 22nd. 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. Zacks Research downgraded shares of Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $615.00 target price on shares of Intuitive Surgical in a research note on Tuesday. Thirteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Intuitive Surgical has a consensus rating of "Moderate Buy" and an average target price of $595.95.

Intuitive Surgical Stock Performance

Shares of Intuitive Surgical stock traded up $6.28 during trading hours on Friday, reaching $476.16. The company's stock had a trading volume of 2,023,902 shares, compared to its average volume of 1,973,062. The company's 50 day simple moving average is $504.42 and its 200 day simple moving average is $522.06. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year high of $616.00. The stock has a market cap of $170.69 billion, a P/E ratio of 66.41, a price-to-earnings-growth ratio of 4.92 and a beta of 1.59.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted its quarterly 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 net margin of 28.51% and a return on equity of 14.56%. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the firm posted $1.78 EPS. The company's revenue for the quarter was up 21.4% on a year-over-year basis. On average, sell-side analysts predict that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Insider Transactions at Intuitive Surgical

In related news, EVP Myriam Curet sold 4,500 shares of Intuitive Surgical stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $492.48, for a total value of $2,216,160.00. Following the sale, the executive vice president directly owned 353 shares in the company, valued at $173,845.44. This trade represents a 92.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Mark Brosius sold 216 shares of Intuitive Surgical stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $563.11, for a total transaction of $121,631.76. Following the completion of the sale, the senior vice president owned 907 shares in the company, valued at approximately $510,740.77. This represents a 19.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,839 shares of company stock worth $7,896,972. 0.70% of the stock is currently owned by insiders.

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.