Trinity Legacy Partners LLC Has $2.43 Million Stock Holdings in Intuitive Surgical, Inc. $ISRG

Key Points

• Trinity Legacy Partners LLC increased its holdings in Intuitive Surgical, Inc. by 478.1%, now owning 4,914 shares valued at $2.43 million following the purchase of an additional 4,064 shares.
• Institutional investors own 83.64% of Intuitive Surgical's stock, with large firms like Vanguard Group, Invesco, and Wellington Management also increasing their positions in the company during the 1st quarter.
• Intuitive Surgical reported a 21.4% year-over-year revenue increase to $2.44 billion, significantly exceeding analysts' estimates, with an EPS of $2.19 for the quarter.

Trinity Legacy Partners LLC increased its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 478.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,914 shares of the medical equipment provider's stock after buying an additional 4,064 shares during the period. Trinity Legacy Partners LLC's holdings in Intuitive Surgical were worth $2,434,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Intuitive Surgical by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 32,665,531 shares of the medical equipment provider's stock valued at $16,178,258,000 after acquiring an additional 453,335 shares in the last quarter. Invesco Ltd. lifted its position in shares of Intuitive Surgical by 1.7% during the 1st quarter. Invesco Ltd. now owns 4,219,974 shares of the medical equipment provider's stock worth $2,090,027,000 after buying an additional 71,794 shares in the last quarter. Northern Trust Corp lifted its position in shares of Intuitive Surgical by 0.3% during the 1st quarter. Northern Trust Corp now owns 3,631,281 shares of the medical equipment provider's stock worth $1,798,465,000 after buying an additional 11,988 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Intuitive Surgical by 15.0% during the 1st quarter. Wellington Management Group LLP now owns 3,499,052 shares of the medical equipment provider's stock worth $1,732,975,000 after buying an additional 457,080 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Intuitive Surgical during the 1st quarter worth approximately $1,715,899,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on ISRG. Evercore ISI lifted their target price on shares of Intuitive Surgical from $470.00 to $550.00 and gave the stock an "in-line" rating in a research report on Tuesday, July 8th. Wells Fargo & Company lifted their target price on shares of Intuitive Surgical from $559.00 to $599.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. UBS Group lifted their target price on shares of Intuitive Surgical from $547.00 to $585.00 and gave the stock a "neutral" rating 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, Zacks Research cut shares of Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Thirteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $595.95.

Intuitive Surgical Trading Up 1.3%

NASDAQ:ISRG opened at $476.16 on Friday. The stock has a market capitalization of $170.69 billion, a PE ratio of 66.41, a price-to-earnings-growth ratio of 4.92 and a beta of 1.59. The firm's 50 day moving average is $504.42 and its 200 day moving average is $522.06. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $616.00.

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

Insider Buying and Selling at Intuitive Surgical

In other news, EVP Myriam Curet sold 4,500 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 353 shares in the company, valued at $173,845.44. The trade was a 92.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark Brosius sold 216 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $563.11, for a total transaction of $121,631.76. Following the transaction, the senior vice president owned 907 shares of the company's stock, valued at $510,740.77. This trade represents a 19.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,839 shares of company stock valued at $7,896,972 in the last 90 days. 0.70% of the stock is currently owned by company insiders.

About Intuitive Surgical

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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