Moss Adams Wealth Advisors LLC Makes New Investment in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Moss Adams Wealth Advisors LLC purchased a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 522 shares of the medical equipment provider’s stock, valued at approximately $232,000.

Several other hedge funds have also recently modified their holdings of the business. Creekmur Asset Management LLC raised its stake in Intuitive Surgical by 200.0% in the first quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider’s stock valued at $25,000 after buying an additional 42 shares during the last quarter. MCF Advisors LLC raised its position in shares of Intuitive Surgical by 108.1% in the 4th quarter. MCF Advisors LLC now owns 77 shares of the medical equipment provider’s stock valued at $26,000 after purchasing an additional 40 shares during the last quarter. Able Wealth Management LLC acquired a new stake in Intuitive Surgical in the 4th quarter worth approximately $28,000. Delos Wealth Advisors LLC grew its position in Intuitive Surgical by 380.0% during the 1st quarter. Delos Wealth Advisors LLC now owns 72 shares of the medical equipment provider’s stock worth $29,000 after purchasing an additional 57 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC acquired a new position in Intuitive Surgical during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Price Performance

NASDAQ ISRG traded up $2.63 on Thursday, hitting $490.05. The company had a trading volume of 735,497 shares, compared to its average volume of 1,536,788. The company has a market capitalization of $173.82 billion, a PE ratio of 88.43, a PEG ratio of 4.97 and a beta of 1.39. Intuitive Surgical, Inc. has a 12-month low of $254.85 and a 12-month high of $491.83. The company’s fifty day moving average price is $446.95 and its 200-day moving average price is $409.81.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, July 18th. The medical equipment provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.24. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.97 billion. Intuitive Surgical had a return on equity of 13.04% and a net margin of 27.65%. The business’s revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.18 earnings per share. On average, sell-side analysts anticipate that Intuitive Surgical, Inc. will post 5.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ISRG. BTIG Research raised their target price on Intuitive Surgical from $451.00 to $459.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Stifel Nicolaus raised their price objective on Intuitive Surgical from $430.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Piper Sandler upped their target price on Intuitive Surgical from $490.00 to $495.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Redburn Atlantic raised shares of Intuitive Surgical from a “neutral” rating to a “buy” rating and raised their price target for the stock from $380.00 to $510.00 in a research report on Friday, August 2nd. Finally, Barclays upped their price objective on shares of Intuitive Surgical from $430.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and an average price target of $444.70.

Insider Activity

In other news, EVP Robert Desantis sold 584 shares of Intuitive Surgical stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $404.41, for a total transaction of $236,175.44. Following the transaction, the executive vice president now owns 5,506 shares in the company, valued at approximately $2,226,681.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Intuitive Surgical news, EVP Myriam Curet sold 2,818 shares of Intuitive Surgical stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $458.13, for a total value of $1,291,010.34. Following the sale, the executive vice president now owns 298 shares in the company, valued at $136,522.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Desantis sold 584 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $404.41, for a total value of $236,175.44. Following the transaction, the executive vice president now owns 5,506 shares of the company’s stock, valued at $2,226,681.46. The disclosure for this sale can be found here. Insiders sold 15,309 shares of company stock worth $6,642,470 over the last ninety days. Corporate insiders own 0.90% 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.