Sax Wealth Advisors LLC Has $1.33 Million Holdings in Intuitive Surgical, Inc. $ISRG

Sax Wealth Advisors LLC increased its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 218.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,456 shares of the medical equipment provider’s stock after acquiring an additional 1,684 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Intuitive Surgical were worth $1,334,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norway Savings Bank increased its holdings in Intuitive Surgical by 53.4% during the 2nd quarter. Norway Savings Bank now owns 2,613 shares of the medical equipment provider’s stock worth $1,420,000 after purchasing an additional 910 shares in the last quarter. IronOak Wealth LLC. bought a new position in Intuitive Surgical during the 2nd quarter worth about $1,099,000. Trust Co. of Oklahoma bought a new position in Intuitive Surgical during the 2nd quarter worth about $363,000. Neville Rodie & Shaw Inc. increased its holdings in Intuitive Surgical by 11.9% during 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 in the last quarter. Finally, Banque Pictet & Cie SA increased its holdings in Intuitive Surgical by 12.1% during 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 in the last quarter. Institutional investors own 83.64% of the company’s stock.

Insider Activity at Intuitive Surgical

In related news, EVP Myriam Curet sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $492.48, for a total value of $2,216,160.00. Following the completion of the sale, the executive vice president directly owned 353 shares in the company, valued at approximately $173,845.44. The trade was a 92.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gary S. Guthart sold 29,360 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 19,827 shares of the company’s stock, valued at approximately $9,368,059.23. This represents a 59.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,224 shares of company stock worth $21,716,492. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ISRG shares. Piper Sandler restated an “overweight” rating and issued a $595.00 price objective (up previously from $575.00) on shares of Intuitive Surgical in a report on Wednesday, July 23rd. Truist Financial raised their price objective on Intuitive Surgical from $590.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Erste Group Bank reiterated a “hold” rating on shares of Intuitive Surgical in a report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Intuitive Surgical in a research report on Friday, August 22nd. 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, Intuitive Surgical presently has an average rating of “Moderate Buy” and an average target price of $589.43.

Intuitive Surgical Trading Up 1.6%

Shares of ISRG stock opened at $448.09 on Thursday. The stock has a market cap of $160.63 billion, a P/E ratio of 62.50, a price-to-earnings-growth ratio of 4.64 and a beta of 1.61. The stock has a 50 day simple moving average of $460.50 and a 200 day simple moving average of $499.05. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $616.00.

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