Venturi Wealth Management LLC Raises Holdings in Intuitive Surgical, Inc. $ISRG

Venturi Wealth Management LLC lifted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,795 shares of the medical equipment provider’s stock after buying an additional 79 shares during the quarter. Venturi Wealth Management LLC’s holdings in Intuitive Surgical were worth $975,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ISRG. Brighton Jones LLC raised its holdings in Intuitive Surgical by 24.9% in the 4th quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider’s stock worth $1,916,000 after purchasing an additional 731 shares during the period. Pallas Capital Advisors LLC raised its holdings in Intuitive Surgical by 2.1% in the 1st quarter. Pallas Capital Advisors LLC now owns 1,663 shares of the medical equipment provider’s stock worth $824,000 after purchasing an additional 34 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in Intuitive Surgical by 26.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 5,060 shares of the medical equipment provider’s stock worth $2,506,000 after purchasing an additional 1,056 shares during the period. GAMMA Investing LLC raised its holdings in Intuitive Surgical by 9.3% in the 1st quarter. GAMMA Investing LLC now owns 6,115 shares of the medical equipment provider’s stock worth $3,029,000 after purchasing an additional 518 shares during the period. Finally, Simplicity Wealth LLC raised its holdings in Intuitive Surgical by 108.9% in the 1st quarter. Simplicity Wealth LLC now owns 1,389 shares of the medical equipment provider’s stock worth $688,000 after purchasing an additional 724 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ISRG. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Intuitive Surgical in a report on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $615.00 price target on shares of Intuitive Surgical in a report on Tuesday, August 19th. UBS Group increased their target price on Intuitive Surgical from $547.00 to $585.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Zacks Research cut Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Finally, Evercore ISI reduced their target price on Intuitive Surgical from $535.00 to $450.00 and set an “in-line” rating for the company in a report on Tuesday. Fourteen investment 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $589.43.

Insider Activity at Intuitive Surgical

In related news, Director Amy L. Ladd sold 335 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $440.69, for a total value of $147,631.15. Following the completion of the sale, the director owned 739 shares of the company’s stock, valued at approximately $325,669.91. This trade represents a 31.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary S. Guthart sold 29,360 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $472.49, for a total value of $13,872,306.40. Following the completion of the sale, the insider directly owned 19,827 shares of the company’s stock, valued at approximately $9,368,059.23. This represents a 59.69% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,224 shares of company stock valued at $21,716,492. 0.70% of the stock is currently owned by insiders.

Intuitive Surgical Stock Performance

NASDAQ:ISRG opened at $448.09 on Thursday. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year high of $616.00. The stock has a market cap of $160.63 billion, a PE ratio of 62.50, a P/E/G ratio of 4.64 and a beta of 1.61. The stock has a 50 day moving average price of $460.50 and a 200 day moving average price of $499.05.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 EPS for the quarter, beating 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 firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, analysts predict that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

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.