Townsquare Capital LLC Raises Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Key Points

• Townsquare Capital LLC increased its holdings in Intuitive Surgical, Inc. by 16.5%, owning 15,226 shares worth approximately $7.54 million after acquiring an additional 2,161 shares.
• Institutional investors collectively hold 83.64% of Intuitive Surgical's stock, with various firms adjusting their shares in recent quarters.
• Analysts have a consensus rating of "Moderate Buy" for Intuitive Surgical, with an average price target of $595.95.

Townsquare Capital LLC grew its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 16.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,226 shares of the medical equipment provider's stock after buying an additional 2,161 shares during the period. Townsquare Capital LLC's holdings in Intuitive Surgical were worth $7,541,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. AlphaCore Capital LLC lifted its holdings in shares of Intuitive Surgical by 4.2% in the 4th quarter. AlphaCore Capital LLC now owns 451 shares of the medical equipment provider's stock worth $235,000 after acquiring an additional 18 shares during the last quarter. Second Line Capital LLC lifted its holdings in shares of Intuitive Surgical by 3.4% in the 4th quarter. Second Line Capital LLC now owns 578 shares of the medical equipment provider's stock worth $302,000 after acquiring an additional 19 shares during the last quarter. Colonial Trust Co SC lifted its holdings in shares of Intuitive Surgical by 8.8% in the 4th quarter. Colonial Trust Co SC now owns 246 shares of the medical equipment provider's stock worth $128,000 after acquiring an additional 20 shares during the last quarter. Crown Wealth Group LLC lifted its holdings in shares of Intuitive Surgical by 4.8% in the 1st quarter. Crown Wealth Group LLC now owns 440 shares of the medical equipment provider's stock worth $218,000 after acquiring an additional 20 shares during the last quarter. Finally, FSM Wealth Advisors LLC lifted its holdings in shares of Intuitive Surgical by 3.8% in the 1st quarter. FSM Wealth Advisors LLC now owns 546 shares of the medical equipment provider's stock worth $270,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 83.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Robert W. Baird lowered their price objective on shares of Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen raised shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Piper Sandler reissued an "overweight" rating and issued a $595.00 price objective (up from $575.00) on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Erste Group Bank reissued a "hold" rating on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Finally, BTIG Research boosted their price objective on shares of Intuitive Surgical from $566.00 to $571.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Intuitive Surgical currently has a consensus rating of "Moderate Buy" and an average price target of $595.95.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, EVP Myriam Curet sold 4,500 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $492.48, for a total transaction of $2,216,160.00. Following the transaction, the executive vice president owned 353 shares in the company, valued at approximately $173,845.44. This represents a 92.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gary S. Guthart sold 7,893 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $498.64, for a total transaction of $3,935,765.52. Following the transaction, the insider owned 13,187 shares in the company, valued at $6,575,565.68. The trade was a 37.44% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,903 shares of company stock worth $7,932,778. 0.70% of the stock is owned by corporate insiders.

Intuitive Surgical Stock Up 0.1%

NASDAQ ISRG opened at $470.08 on Friday. The firm has a market cap of $168.51 billion, a PE ratio of 65.56, a price-to-earnings-growth ratio of 4.93 and a beta of 1.59. The company has a 50 day moving average price of $516.52 and a 200 day moving average price of $528.79. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00.

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, beating 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 business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the business posted $1.78 EPS. Intuitive Surgical's revenue for the quarter was up 21.4% compared to the same quarter last year. On average, equities research analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal 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.

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