Pinion Investment Advisors LLC Boosts Stock Position in Intuitive Surgical, Inc. $ISRG

Pinion Investment Advisors LLC lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 41.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,252 shares of the medical equipment provider’s stock after buying an additional 662 shares during the quarter. Pinion Investment Advisors LLC’s holdings in Intuitive Surgical were worth $1,224,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. WMG Financial Advisors LLC acquired a new position in Intuitive Surgical during the 2nd quarter worth $222,000. Stiles Financial Services Inc grew its stake in Intuitive Surgical by 5.4% during the 2nd quarter. Stiles Financial Services Inc now owns 5,099 shares of the medical equipment provider’s stock worth $2,771,000 after purchasing an additional 260 shares in the last quarter. Triodos Investment Management BV grew its stake in Intuitive Surgical by 1.4% during the 2nd quarter. Triodos Investment Management BV now owns 91,237 shares of the medical equipment provider’s stock worth $49,579,000 after purchasing an additional 1,250 shares in the last quarter. Moseley Investment Management Inc. grew its stake in Intuitive Surgical by 1.1% during the 2nd quarter. Moseley Investment Management Inc. now owns 2,136 shares of the medical equipment provider’s stock worth $1,161,000 after purchasing an additional 23 shares in the last quarter. Finally, Callan Family Office LLC grew its stake in Intuitive Surgical by 128.0% during the 2nd quarter. Callan Family Office LLC now owns 32,303 shares of the medical equipment provider’s stock worth $17,554,000 after purchasing an additional 18,134 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $615.00 price objective on shares of Intuitive Surgical in a research report on Tuesday, August 19th. Erste Group Bank reaffirmed a “hold” rating on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Wall Street Zen raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Wells Fargo & Company upped their price objective on Intuitive Surgical from $559.00 to $599.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, BTIG Research reissued a “buy” rating and issued a $571.00 target price on shares of Intuitive Surgical in a research report on Wednesday, October 1st. Fourteen investment 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, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and a consensus target price of $589.43.

Intuitive Surgical Stock Down 1.0%

ISRG opened at $443.76 on Friday. The company has a market cap of $159.08 billion, a PE ratio of 61.89, a P/E/G ratio of 4.71 and a beta of 1.61. The business has a 50 day moving average price of $459.75 and a two-hundred day moving average price of $498.61. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.26. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.35 billion. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 EPS. As a group, sell-side analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Insider Buying and Selling

In other Intuitive Surgical news, EVP Myriam Curet sold 4,500 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $492.48, for a total transaction of $2,216,160.00. Following the sale, the executive vice president owned 353 shares in the company, valued at approximately $173,845.44. This represents a 92.73% decrease in their position. The sale was disclosed in a filing 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 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 sale, the insider owned 19,827 shares in the company, valued at approximately $9,368,059.23. This trade represents a 59.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,224 shares of company stock worth $21,716,492 in the last quarter. Company insiders own 0.70% of the company’s stock.

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.