Point72 Hong Kong Ltd Increases Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Point72 Hong Kong Ltd raised its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 114.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,230 shares of the medical equipment provider’s stock after buying an additional 10,280 shares during the period. Point72 Hong Kong Ltd’s holdings in Intuitive Surgical were worth $10,037,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Atala Financial Inc bought a new stake in shares of Intuitive Surgical during the 4th quarter valued at $25,000. Hurley Capital LLC bought a new position in Intuitive Surgical in the 4th quarter worth $28,000. Berbice Capital Management LLC bought a new position in Intuitive Surgical in the 4th quarter worth $26,000. Parvin Asset Management LLC bought a new position in Intuitive Surgical in the 4th quarter worth $26,000. Finally, BankPlus Trust Department bought a new position in Intuitive Surgical in the 4th quarter worth $28,000. Institutional investors own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ISRG. Erste Group Bank downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Jefferies Financial Group increased their price objective on shares of Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. Evercore ISI dropped their price objective on shares of Intuitive Surgical from $510.00 to $470.00 and set an “in-line” rating for the company in a report on Wednesday, April 23rd. Truist Financial dropped their price objective on shares of Intuitive Surgical from $605.00 to $590.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Finally, CICC Research started coverage on shares of Intuitive Surgical in a report on Monday, January 27th. They set a “neutral” rating and a $550.00 price objective for the company. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $598.95.

Intuitive Surgical Stock Up 0.4%

Shares of ISRG stock opened at $565.94 on Thursday. The firm has a market cap of $202.84 billion, a price-to-earnings ratio of 88.29, a PEG ratio of 5.85 and a beta of 1.70. The company’s 50 day moving average is $502.26 and its 200 day moving average is $535.79. Intuitive Surgical, Inc. has a 52-week low of $386.00 and a 52-week high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.10. Intuitive Surgical had a net margin of 27.81% and a return on equity of 14.55%. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the company earned $1.50 earnings per share. Analysts anticipate that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Insider Activity at Intuitive Surgical

In related news, EVP Myriam Curet sold 2,401 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $581.00, for a total transaction of $1,394,981.00. Following the completion of the transaction, the executive vice president now owns 353 shares in the company, valued at $205,093. This represents a 87.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jami K. Nachtsheim sold 2,400 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $520.00, for a total transaction of $1,248,000.00. Following the sale, the director now directly owns 6,371 shares of the company’s stock, valued at approximately $3,312,920. This represents a 27.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,680 shares of company stock worth $16,854,345 over the last three months. Company insiders own 0.70% of the company’s stock.

Intuitive Surgical Profile

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.