Strategies Wealth Advisors LLC Makes New $358,000 Investment in Intuitive Surgical, Inc. $ISRG

Key Points

• Strategies Wealth Advisors LLC acquired 722 shares of Intuitive Surgical, Inc. valued at approximately $358,000 in the first quarter, marking a new position for the firm according to its 13F filing.
• Intuitive Surgical's stock is down 2.2% with a current price of $469.88, having a market cap of $168.44 billion and a 52-week price range between $425.00 and $616.00.
• Analysts maintain a consensus rating of "Moderate Buy" for Intuitive Surgical, with target prices ranging from $590.00 to $600.00, indicating expected growth potential despite recent stock performance.

Strategies Wealth Advisors LLC purchased a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 722 shares of the medical equipment provider's stock, valued at approximately $358,000.

Other hedge funds have also recently bought and sold shares of the company. Chilton Capital Management LLC lifted its position in shares of Intuitive Surgical by 614.3% in the first quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider's stock valued at $25,000 after buying an additional 43 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Intuitive Surgical in the fourth quarter valued at approximately $26,000. Global Financial Private Client LLC lifted its position in shares of Intuitive Surgical by 253.3% in the first quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock valued at $26,000 after buying an additional 38 shares during the last quarter. Elite Financial Inc. acquired a new stake in shares of Intuitive Surgical in the first quarter valued at approximately $26,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Intuitive Surgical in the first quarter valued at approximately $30,000. 83.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ISRG shares. Evercore ISI raised their price objective on Intuitive Surgical from $470.00 to $550.00 and gave the company an "in-line" rating in a research report on Tuesday, July 8th. Wells Fargo & Company raised their price objective on Intuitive Surgical from $559.00 to $599.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $615.00 price objective on shares of Intuitive Surgical in a research report on Tuesday, August 19th. Zacks Research lowered Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Finally, Erste Group Bank reiterated a "hold" rating 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 issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $595.95.

Insider Buying and Selling

In related news, EVP Myriam Curet sold 4,500 shares of the 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 sale, the executive vice president owned 353 shares of the company's stock, valued at $173,845.44. This represents a 92.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gary S. Guthart sold 2,800 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $495.24, for a total value of $1,386,672.00. Following the sale, the insider directly owned 18,520 shares in the company, valued at $9,171,844.80. This represents a 13.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,839 shares of company stock valued at $7,896,972 over the last 90 days. 0.70% of the stock is owned by corporate insiders.

Intuitive Surgical Stock Up 1.3%

Shares of ISRG traded up $6.28 during midday trading on Friday, reaching $476.16. 2,023,902 shares of the stock were exchanged, compared to its average volume of 1,980,700. Intuitive Surgical, Inc. has a twelve month low of $425.00 and a twelve month high of $616.00. The company has a market cap of $170.69 billion, a P/E ratio of 66.41, a PEG ratio of 4.99 and a beta of 1.59. The stock's 50 day simple moving average is $504.42 and its 200 day simple moving average is $521.12.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued 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. The business had revenue of $2.44 billion for 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 quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 earnings per share. As a group, analysts predict that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Intuitive Surgical 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.