LGT Fund Management Co Ltd. Increases Stake in Intuitive Surgical, Inc. $ISRG

LGT Fund Management Co Ltd. boosted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 98.9% during the second quarter, Holdings Channel.com reports. The firm owned 3,063 shares of the medical equipment provider’s stock after buying an additional 1,523 shares during the period. LGT Fund Management Co Ltd.’s holdings in Intuitive Surgical were worth $1,664,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ISRG. Chilton Capital Management LLC increased its stake in Intuitive Surgical by 614.3% in the 1st quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider’s stock worth $25,000 after purchasing an additional 43 shares during the period. Elite Financial Inc. purchased a new position in Intuitive Surgical in the 1st quarter worth approximately $26,000. LFA Lugano Financial Advisors SA purchased a new position in Intuitive Surgical in the 1st quarter worth approximately $30,000. TD Capital Management LLC increased its stake in Intuitive Surgical by 300.0% in the 1st quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock worth $30,000 after purchasing an additional 45 shares during the period. Finally, 1248 Management LLC purchased a new position in Intuitive Surgical in the 1st quarter worth approximately $30,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ISRG has been the topic of a number of analyst reports. Zacks Research cut Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. UBS Group lifted their price objective on Intuitive Surgical from $547.00 to $585.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Truist Financial lifted their price objective on Intuitive Surgical from $590.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Evercore ISI lifted their price objective on Intuitive Surgical from $470.00 to $550.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 8th. Finally, Piper Sandler reiterated 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. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $594.19.

Intuitive Surgical Trading Up 2.1%

Intuitive Surgical stock opened at $452.35 on Friday. The business’s fifty day simple moving average is $463.55 and its two-hundred day simple moving average is $500.06. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $616.00. The company has a market capitalization of $162.16 billion, a price-to-earnings ratio of 63.09, a price-to-earnings-growth ratio of 4.74 and a beta of 1.61.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 EPS for the quarter, topping the consensus estimate of $1.93 by $0.26. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the company posted $1.78 earnings per share. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. On average, equities research analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insider Activity

In other news, insider Gary S. Guthart sold 29,360 shares of the company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $472.49, for a total transaction of $13,872,306.40. Following the transaction, the insider directly owned 19,827 shares of the company’s stock, valued at $9,368,059.23. This represents a 59.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Myriam Curet sold 4,500 shares of the company’s stock in a transaction on 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 transaction, the executive vice president directly owned 353 shares in the company, valued at approximately $173,845.44. The trade was a 92.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,224 shares of company stock valued at $21,716,492 over the last ninety days. 0.70% of the stock is currently owned by corporate 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.