KPP Advisory Services LLC Buys 1,031 Shares of Intuitive Surgical, Inc. $ISRG

KPP Advisory Services LLC increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 50.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,088 shares of the medical equipment provider’s stock after purchasing an additional 1,031 shares during the period. KPP Advisory Services LLC’s holdings in Intuitive Surgical were worth $1,381,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Intuitive Surgical in the second quarter valued at approximately $2,569,260,000. Rakuten Investment Management Inc. purchased a new stake in shares of Intuitive Surgical in the third quarter worth $388,436,000. Vanguard Group Inc. boosted its stake in Intuitive Surgical by 2.1% during the second quarter. Vanguard Group Inc. now owns 33,335,833 shares of the medical equipment provider’s stock valued at $18,115,025,000 after buying an additional 670,302 shares during the period. Jennison Associates LLC grew its position in Intuitive Surgical by 20.4% during the second quarter. Jennison Associates LLC now owns 3,122,390 shares of the medical equipment provider’s stock worth $1,696,738,000 after buying an additional 528,359 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Intuitive Surgical by 89.3% in the 2nd quarter. Bessemer Group Inc. now owns 788,328 shares of the medical equipment provider’s stock worth $428,386,000 after acquiring an additional 371,806 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Insider Buying and Selling at Intuitive Surgical

In related news, EVP Myriam Curet sold 104 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $559.90, for a total value of $58,229.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Craig H. Barratt sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $580.00, for a total value of $435,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 48,152 shares of company stock worth $27,470,571 over the last ninety days. 0.70% of the stock is owned by company insiders.

Intuitive Surgical Price Performance

Shares of Intuitive Surgical stock opened at $528.81 on Tuesday. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year high of $609.08. The business’s 50 day simple moving average is $561.96 and its two-hundred day simple moving average is $511.58. The stock has a market capitalization of $189.57 billion, a P/E ratio of 67.02, a price-to-earnings-growth ratio of 4.26 and a beta of 1.67.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.26. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the prior year, the firm posted $2.21 earnings per share. The business’s quarterly revenue was up 18.8% compared to the same quarter last year. Sell-side analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ISRG shares. Argus lifted their price target on Intuitive Surgical from $600.00 to $630.00 in a research report on Monday, October 27th. The Goldman Sachs Group restated a “buy” rating and set a $714.00 price objective on shares of Intuitive Surgical in a research report on Friday, January 9th. Truist Financial upped their target price on shares of Intuitive Surgical from $620.00 to $650.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Sanford C. Bernstein increased their target price on Intuitive Surgical from $740.00 to $750.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Wells Fargo & Company lifted their price target on Intuitive Surgical from $600.00 to $654.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $620.41.

Intuitive Surgical Company Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.