KPP Advisory Services LLC Has $537,000 Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

KPP Advisory Services LLC grew its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 11.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,208 shares of the medical equipment provider’s stock after purchasing an additional 128 shares during the period. KPP Advisory Services LLC’s holdings in Intuitive Surgical were worth $537,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. New Century Financial Group LLC bought a new stake in shares of Intuitive Surgical in the 2nd quarter valued at approximately $251,000. Granite Bay Wealth Management LLC bought a new stake in Intuitive Surgical during the second quarter worth approximately $1,149,000. Advisory Alpha LLC boosted its position in Intuitive Surgical by 36.5% during the second quarter. Advisory Alpha LLC now owns 1,417 shares of the medical equipment provider’s stock worth $630,000 after purchasing an additional 379 shares during the period. EP Wealth Advisors LLC boosted its position in Intuitive Surgical by 0.4% during the second quarter. EP Wealth Advisors LLC now owns 14,787 shares of the medical equipment provider’s stock worth $6,578,000 after purchasing an additional 60 shares during the period. Finally, Kampmann Melissa S. boosted its position in Intuitive Surgical by 5.5% during the second quarter. Kampmann Melissa S. now owns 6,708 shares of the medical equipment provider’s stock worth $2,984,000 after purchasing an additional 349 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Intuitive Surgical Stock Down 1.3 %

Shares of Intuitive Surgical stock opened at $484.76 on Wednesday. The stock has a market cap of $171.94 billion, a P/E ratio of 87.50, a P/E/G ratio of 5.39 and a beta of 1.39. Intuitive Surgical, Inc. has a 12-month low of $254.85 and a 12-month high of $496.48. The business’s 50 day moving average is $474.22 and its 200-day moving average is $430.19.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays upped their target price on Intuitive Surgical from $430.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Evercore ISI increased their target price on Intuitive Surgical from $410.00 to $475.00 and gave the stock an “in-line” rating in a report on Tuesday. Stifel Nicolaus increased their target price on Intuitive Surgical from $430.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Citigroup raised their price target on Intuitive Surgical from $512.00 to $560.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Piper Sandler raised their target price on Intuitive Surgical from $490.00 to $495.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $449.70.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, Director Craig H. Barratt sold 1,400 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $458.13, for a total value of $641,382.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Craig H. Barratt sold 1,400 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $458.13, for a total transaction of $641,382.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark Brosius sold 2,115 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $491.91, for a total value of $1,040,389.65. Following the sale, the insider now directly owns 295 shares in the company, valued at $145,113.45. The disclosure for this sale can be found here. Insiders have sold a total of 53,120 shares of company stock valued at $25,528,753 in the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

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.