Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. increased its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 89.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,141 shares of the medical equipment provider’s stock after purchasing an additional 1,951 shares during the quarter. Blue Trust Inc.’s holdings in Intuitive Surgical were worth $1,842,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ISRG. DGS Capital Management LLC boosted its holdings in Intuitive Surgical by 20.8% during the 4th quarter. DGS Capital Management LLC now owns 867 shares of the medical equipment provider’s stock valued at $292,000 after acquiring an additional 149 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Intuitive Surgical by 74.6% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 840 shares of the medical equipment provider’s stock valued at $283,000 after acquiring an additional 359 shares during the period. Federated Hermes Inc. boosted its holdings in Intuitive Surgical by 54.9% during the 4th quarter. Federated Hermes Inc. now owns 242,094 shares of the medical equipment provider’s stock valued at $81,673,000 after acquiring an additional 85,843 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its holdings in Intuitive Surgical by 71.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 3,694 shares of the medical equipment provider’s stock valued at $1,246,000 after acquiring an additional 1,535 shares during the period. Finally, SFE Investment Counsel boosted its holdings in Intuitive Surgical by 6.2% during the 4th quarter. SFE Investment Counsel now owns 1,412 shares of the medical equipment provider’s stock valued at $476,000 after acquiring an additional 83 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on ISRG. BTIG Research raised their target price on Intuitive Surgical from $451.00 to $459.00 and gave the company a “buy” rating in a report on Monday, July 15th. The Goldman Sachs Group started coverage on Intuitive Surgical in a research note on Thursday, May 30th. They issued a “buy” rating and a $500.00 price objective for the company. Jefferies Financial Group lifted their price objective on Intuitive Surgical from $365.00 to $375.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Redburn Atlantic upgraded Intuitive Surgical from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $380.00 to $510.00 in a research note on Friday, August 2nd. Finally, Robert W. Baird lifted their price objective on Intuitive Surgical from $487.00 to $503.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $442.30.

Insider Activity at Intuitive Surgical

In related news, EVP Robert Desantis sold 584 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $404.41, for a total value of $236,175.44. Following the sale, the executive vice president now directly owns 5,506 shares in the company, valued at $2,226,681.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Amal M. Johnson sold 2,943 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $443.30, for a total value of $1,304,631.90. Following the sale, the director now directly owns 12,275 shares in the company, valued at $5,441,507.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Desantis sold 584 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $404.41, for a total value of $236,175.44. Following the completion of the transaction, the executive vice president now owns 5,506 shares of the company’s stock, valued at $2,226,681.46. The disclosure for this sale can be found here. Insiders have sold a total of 15,309 shares of company stock worth $6,642,470 over the last three months. 0.90% of the stock is currently owned by corporate insiders.

Intuitive Surgical Price Performance

Shares of NASDAQ:ISRG traded down $1.19 during trading on Friday, reaching $478.98. The company had a trading volume of 809,102 shares, compared to its average volume of 1,553,632. The firm has a market capitalization of $169.89 billion, a price-to-earnings ratio of 86.46, a price-to-earnings-growth ratio of 4.97 and a beta of 1.39. The stock’s fifty day moving average price is $443.20 and its 200 day moving average price is $407.46. Intuitive Surgical, Inc. has a fifty-two week low of $254.85 and a fifty-two week high of $482.50.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, July 18th. The medical equipment provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.24. Intuitive Surgical had a return on equity of 13.04% and a net margin of 27.65%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the business earned $1.18 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, equities analysts anticipate that Intuitive Surgical, Inc. will post 5.22 EPS 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.