Valeo Financial Advisors LLC Purchases 253 Shares of Intuitive Surgical, Inc. $ISRG

Valeo Financial Advisors LLC grew its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 6.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,503 shares of the medical equipment provider’s stock after acquiring an additional 253 shares during the period. Valeo Financial Advisors LLC’s holdings in Intuitive Surgical were worth $2,447,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Norway Savings Bank raised its stake in shares of Intuitive Surgical by 53.4% in the second quarter. Norway Savings Bank now owns 2,613 shares of the medical equipment provider’s stock valued at $1,420,000 after acquiring an additional 910 shares during the last quarter. IronOak Wealth LLC. bought a new position in Intuitive Surgical in the 2nd quarter worth approximately $1,099,000. Trust Co. of Oklahoma bought a new position in Intuitive Surgical in the 2nd quarter worth approximately $363,000. Neville Rodie & Shaw Inc. raised its position in Intuitive Surgical by 11.9% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 10,427 shares of the medical equipment provider’s stock worth $5,666,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Banque Pictet & Cie SA raised its position in Intuitive Surgical by 12.1% in the 2nd quarter. Banque Pictet & Cie SA now owns 37,768 shares of the medical equipment provider’s stock worth $20,524,000 after purchasing an additional 4,085 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.

Insider Activity

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 value of $2,216,160.00. Following the completion of the transaction, the executive vice president owned 353 shares of the company’s stock, valued at $173,845.44. The trade was a 92.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gary S. Guthart sold 29,360 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $472.49, for a total transaction of $13,872,306.40. Following the completion of the transaction, the insider directly owned 19,827 shares of the company’s stock, valued at $9,368,059.23. This trade represents a 59.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,224 shares of company stock valued at $21,716,492 in the last quarter. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ISRG. Weiss Ratings restated a “hold (c+)” rating on shares of Intuitive Surgical in a research report on Saturday, September 27th. Evercore ISI boosted their price objective 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. BTIG Research restated a “buy” rating and issued a $571.00 price objective on shares of Intuitive Surgical in a research report on Wednesday, October 1st. The Goldman Sachs Group dropped their price objective on shares of Intuitive Surgical from $621.00 to $567.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. Finally, Truist Financial boosted their price objective on shares of Intuitive Surgical from $590.00 to $600.00 and gave the stock a “buy” rating 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $594.19.

Intuitive Surgical Stock Performance

ISRG opened at $449.69 on Tuesday. The company has a fifty day moving average price of $462.67 and a two-hundred day moving average price of $499.82. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00. The firm has a market capitalization of $161.20 billion, a PE ratio of 62.72, a P/E/G 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 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 firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the business earned $1.78 EPS. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. Equities analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

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.