Telligent Fund LP Grows Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Key Points

• Telligent Fund LP increased its stake in Intuitive Surgical, Inc. by 20.0%, now holding a total of 3,600 shares valued at approximately $1.78 million.
• Several large investors have actively adjusted their positions in Intuitive Surgical, with institutional investors currently owning 83.64% of the company's stock.
• Intuitive Surgical reported earnings of $2.19 per share for the last quarter, exceeding analysts' expectations and demonstrating a 21.4% year-over-year revenue growth.

Telligent Fund LP boosted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 20.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,600 shares of the medical equipment provider's stock after purchasing an additional 600 shares during the period. Intuitive Surgical comprises 2.0% of Telligent Fund LP's portfolio, making the stock its 18th largest holding. Telligent Fund LP's holdings in Intuitive Surgical were worth $1,783,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ariadne Wealth Management LP increased its holdings in Intuitive Surgical by 53.9% during the first quarter. Ariadne Wealth Management LP now owns 1,190 shares of the medical equipment provider's stock valued at $638,000 after buying an additional 417 shares during the last quarter. Peak Financial Management Inc. purchased a new stake in Intuitive Surgical during the first quarter valued at approximately $304,000. Dillon & Associates Inc. increased its holdings in Intuitive Surgical by 6.4% during the first quarter. Dillon & Associates Inc. now owns 26,417 shares of the medical equipment provider's stock valued at $13,076,000 after buying an additional 1,594 shares during the last quarter. AGF Management Ltd. increased its holdings in Intuitive Surgical by 3.0% during the first quarter. AGF Management Ltd. now owns 863,489 shares of the medical equipment provider's stock valued at $427,660,000 after buying an additional 24,841 shares during the last quarter. Finally, Trust Asset Management LLC increased its holdings in Intuitive Surgical by 1.1% during the first quarter. Trust Asset Management LLC now owns 4,094 shares of the medical equipment provider's stock valued at $2,028,000 after buying an additional 43 shares during the last quarter. Institutional investors own 83.64% of the company's stock.

Wall Street Analyst Weigh In

ISRG has been the subject of a number of research reports. Piper Sandler reaffirmed an "overweight" rating and set a $595.00 target price (up from $575.00) on shares of Intuitive Surgical in a report on Wednesday, July 23rd. Wall Street Zen raised shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Erste Group Bank reissued a "hold" rating on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. BTIG Research increased their price objective on shares of Intuitive Surgical from $566.00 to $571.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Barclays reduced their price objective on shares of Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Intuitive Surgical presently has an average rating of "Moderate Buy" and an average price target of $595.95.

Intuitive Surgical Stock Performance

Shares of NASDAQ:ISRG traded down $5.27 on Thursday, reaching $477.08. The company's stock had a trading volume of 1,892,669 shares, compared to its average volume of 1,999,305. Intuitive Surgical, Inc. has a 52-week low of $425.00 and a 52-week high of $616.00. The company has a market cap of $171.02 billion, a P/E ratio of 66.54, a PEG ratio of 5.01 and a beta of 1.59. The company has a 50-day simple moving average of $511.91 and a 200 day simple moving average of $526.80.

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

Insider Transactions at Intuitive Surgical

In other news, EVP Myriam Curet sold 4,500 shares of the firm's 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 completion of the sale, the executive vice president owned 353 shares in the company, valued at approximately $173,845.44. This trade represents a 92.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the senior vice president owned 907 shares of the company's stock, valued at $510,740.77. The trade was a 19.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,859 shares of company stock worth $7,908,248. 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.