Addison Advisors LLC has $192,000 position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Addison Advisors LLC raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) by 15.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 431 shares of the medical equipment provider’s stock after acquiring an additional 57 shares during the quarter. Addison Advisors LLC’s holdings in Intuitive Surgical were worth $192,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Creekmur Asset Management LLC boosted its holdings in shares of Intuitive Surgical by 200.0% in the first quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider’s stock worth $25,000 after acquiring an additional 42 shares during the period. Ridgewood Investments LLC purchased a new stake in Intuitive Surgical in the second quarter valued at approximately $26,000. Able Wealth Management LLC purchased a new stake in Intuitive Surgical in the fourth quarter valued at about $28,000. Delos Wealth Advisors LLC boosted its stake in Intuitive Surgical by 380.0% in the first quarter. Delos Wealth Advisors LLC now owns 72 shares of the medical equipment provider’s stock valued at $29,000 after acquiring an additional 57 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in Intuitive Surgical in the 1st quarter valued at approximately $30,000. 83.64% of the shares are currently owned by institutional investors and hedge funds.

Changes in Analyst Ratings

ISRG has been the subject of several analyst reports. BTIG Research raised their target price on shares of Intuitive Surgical from $469.00 to $494.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Morgan Stanley raised their target price on shares of Intuitive Surgical from $375.00 to $460.00 and gave the company an “equal weight” rating in a research note on Monday, July 15th. JPMorgan Chase & Co. raised their target price on shares of Intuitive Surgical from $475.00 to $495.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Citigroup raised their target price on shares of Intuitive Surgical from $512.00 to $560.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Robert W. Baird lifted their price target on shares of Intuitive Surgical from $487.00 to $503.00 and gave the company an “outperform” rating in a research report on Friday, 19 July. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Intuitive Surgical presently has an average rating of “Moderate Buy” and an average price target of $446.45, according to MarketBeat.

See our latest report on Intuitive Surgical

Intuitive surgical price performance

Shares of Intuitive Surgical stock opened at $471.82 on Friday. The firm has a market cap of $167.35 billion, a PE ratio of 85.17, a price-to-earnings-growth ratio of 5.43 and a beta of 1.39. The company’s fifty day moving average price is $458.74 and its two hundred day moving average price is $417.98. Intuitive Surgical, Inc. it has a 52-week low of $254.85 and a 52-week high of $493.97.

Intuitive Surgical (NASDAQ:ISRG – Get Free Report ) last announced its quarterly earnings results on Thursday, July 18th. The medical equipment provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 27.65% and a return on equity of 13.04%. The company’s revenue for the quarter was up 14.5% year over year. In the same quarter last year, the firm posted EPS of $1.18. Analysts predict that Intuitive Surgical, Inc. will post 5.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, Director Amal M. Johnson sold 2,943 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $443.30, for a total value of $1,304,631.90. Following the sale, the director now owns 12,275 shares of the company’s stock, valued at approximately $5,441,507.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Amal M. Johnson sold 2,943 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $443.30, for a total value of $1,304,631.90. Following the sale, the director now owns 12,275 shares in the company, valued at approximately $5,441,507.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, EVP Robert Desantis sold 239 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $416.60, for a total transaction of $99,567.40. Following the completion of the sale, the executive vice president now owns 5,506 shares in the company, valued at approximately $2,293,799.60. The disclosure for this sale can be found here. Insiders have sold 51,656 shares of company stock worth $24,700,644 over the last 90 days. 0.90% of shares are currently owned by company insiders.

About Intuitive Surgical

(Free report)

Intuitive Surgical, Inc develops, manufactures and markets products that enable physicians and healthcare providers to improve the quality and access to minimally invasive care in the United States and internationally. The company offers the da Vinci surgical system that enables complex operations using a minimally invasive approach; and the Ion endoluminal system, which expands its commercial offerings beyond surgical interventions in diagnostic procedures that allow minimally invasive biopsies in the lungs.

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