Strategic Planning Group LLC Has $7.08 Million Stock Position in Intuitive Surgical, Inc. $ISRG

Key Points

• Strategic Planning Group LLC increased its stake in Intuitive Surgical, Inc. by 5.8% during Q2, holding a total of 13,026 shares worth approximately $7.08 million, representing 1.1% of the firm's total holdings.
• Intuitive Surgical's stock rose by 0.7% and had a market capitalization of $157.27 billion, with a year-over-year revenue increase of 21.4% reported in their latest quarterly earnings.
• Analysts have varied ratings for Intuitive Surgical, with a consensus rating of "Moderate Buy" and a target price of approximately $595.95, while UBS and Truist raised their price expectations for the stock recently.

Strategic Planning Group LLC lifted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,026 shares of the medical equipment provider's stock after purchasing an additional 717 shares during the quarter. Intuitive Surgical makes up about 1.1% of Strategic Planning Group LLC's holdings, making the stock its 27th biggest position. Strategic Planning Group LLC's holdings in Intuitive Surgical were worth $7,079,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ISRG. Norway Savings Bank boosted its holdings in shares of Intuitive Surgical by 53.4% during the 2nd quarter. Norway Savings Bank now owns 2,613 shares of the medical equipment provider's stock worth $1,420,000 after buying an additional 910 shares during the period. Trust Co. of Oklahoma bought a new stake in shares of Intuitive Surgical during the 2nd quarter worth $363,000. Neville Rodie & Shaw Inc. boosted its holdings in shares of Intuitive Surgical by 11.9% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 10,427 shares of the medical equipment provider's stock worth $5,666,000 after buying an additional 1,110 shares during the period. Arlington Trust Co LLC boosted its holdings in shares of Intuitive Surgical by 34.5% during the 1st quarter. Arlington Trust Co LLC now owns 745 shares of the medical equipment provider's stock worth $369,000 after buying an additional 191 shares during the period. Finally, Focus Partners Wealth boosted its holdings in shares of Intuitive Surgical by 49.5% during the 1st quarter. Focus Partners Wealth now owns 79,306 shares of the medical equipment provider's stock worth $39,278,000 after buying an additional 26,270 shares during the period. Institutional investors and hedge funds own 83.64% of the company's stock.

Intuitive Surgical Stock Up 0.7%

Shares of ISRG stock opened at $438.72 on Monday. Intuitive Surgical, Inc. has a 12-month low of $425.00 and a 12-month high of $616.00. The company has a market capitalization of $157.27 billion, a P/E ratio of 61.19, a P/E/G ratio of 4.60 and a beta of 1.61. The firm has a 50-day moving average price of $476.64 and a 200 day moving average price of $503.43.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.26. Intuitive Surgical had a net margin of 28.51% and a return on equity of 14.56%. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the firm posted $1.78 EPS. The firm's quarterly revenue was up 21.4% on a year-over-year basis. As a group, research analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Analyst Ratings Changes

ISRG has been the subject of several recent analyst reports. UBS Group upped their price objective on shares of Intuitive Surgical from $547.00 to $585.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Truist Financial upped their price objective on shares of Intuitive Surgical from $590.00 to $600.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wells Fargo & Company increased their price target on shares of Intuitive Surgical from $559.00 to $599.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Zacks Research downgraded shares of Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Finally, Wall Street Zen raised shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $595.95.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, Director Amy L. Ladd sold 335 shares of the firm's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $440.69, for a total value of $147,631.15. Following the completion of the sale, the director owned 739 shares in the company, valued at approximately $325,669.91. This trade represents a 31.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $13,872,306.40. Following the completion of the sale, the insider owned 19,827 shares of the company's stock, valued at $9,368,059.23. The trade was a 59.69% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,224 shares of company stock worth $21,716,492. 0.70% of the stock is currently owned by corporate 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.

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