Clal Insurance Enterprises Holdings Ltd Acquires 52,390 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3,254.0% in the first quarter, Holdings Channel reports. The institutional investor owned 54,000 shares of the medical equipment provider’s stock after purchasing an additional 52,390 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Intuitive Surgical were worth $30,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ISRG. Oregon Public Employees Retirement Fund raised its position in Intuitive Surgical by 31,963.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,679,377 shares of the medical equipment provider’s stock worth $31,000 after buying an additional 14,633,595 shares during the last quarter. Norges Bank purchased a new position in Intuitive Surgical during the 4th quarter worth approximately $524,111,000. Jennison Associates LLC raised its position in Intuitive Surgical by 37.4% during the 1st quarter. Jennison Associates LLC now owns 2,679,394 shares of the medical equipment provider’s stock worth $1,528,809,000 after buying an additional 729,710 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Intuitive Surgical by 7.3% during the 4th quarter. BlackRock Inc. now owns 8,327,815 shares of the medical equipment provider’s stock valued at $3,988,358,000 after purchasing an additional 569,388 shares in the last quarter. Finally, GWM Advisors LLC increased its holdings in shares of Intuitive Surgical by 22,531.8% during the 1st quarter. GWM Advisors LLC now owns 148,691 shares of the medical equipment provider’s stock valued at $4,780,000 after purchasing an additional 148,034 shares in the last quarter. 85.53% of the stock is owned by institutional investors.

In related news, COO Salvatore Brogna sold 1,172 shares of Intuitive Surgical stock in a transaction on Monday, June 10th. The shares were sold at an average price of $500.60, for a total value of $586,703.20. Following the sale, the chief operating officer now owns 5,933 shares of the company’s stock, valued at approximately $2,970,059.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jamie Samath sold 130 shares of Intuitive Surgical stock in a transaction on Monday, June 10th. The shares were sold at an average price of $500.60, for a total transaction of $65,078.00. Following the completion of the sale, the vice president now directly owns 219 shares in the company, valued at approximately $109,631.40. The disclosure for this sale can be found here. Insiders sold a total of 27,621 shares of company stock worth $13,828,454 in the last three months. 1.70% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on ISRG. Cantor Fitzgerald set a $620.00 target price on shares of Intuitive Surgical and gave the company a “buy” rating in a report on Thursday, April 4th. BidaskClub lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Friday, May 24th. Zacks Investment Research lowered shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th. Deutsche Bank began coverage on shares of Intuitive Surgical in a report on Monday, April 1st. They set a “buy” rating and a $630.00 target price for the company. Finally, Piper Jaffray Companies raised shares of Intuitive Surgical to an “overweight” rating and set a $610.00 target price for the company in a report on Wednesday, May 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $576.82.

Intuitive Surgical stock opened at $505.60 on Friday. Intuitive Surgical, Inc. has a 1 year low of $430.24 and a 1 year high of $589.32. The firm has a market capitalization of $57.95 billion, a P/E ratio of 53.28, a P/E/G ratio of 4.38 and a beta of 1.06.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, April 18th. The medical equipment provider reported $2.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). Intuitive Surgical had a net margin of 29.78% and a return on equity of 17.33%. The company had revenue of $974.00 million during the quarter, compared to analyst estimates of $975.27 million. During the same period in the prior year, the business posted $2.44 EPS. Intuitive Surgical’s revenue was up 14.9% compared to the same quarter last year. Equities analysts expect that Intuitive Surgical, Inc. will post 9.4 earnings per share for the current fiscal year.

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Intuitive Surgical Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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