PKO Investment Management Joint Stock Co Has $13.53 Million Stock Holdings in Intuitive Surgical, Inc. $ISRG

PKO Investment Management Joint Stock Co raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 149.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 24,905 shares of the medical equipment provider’s stock after buying an additional 14,905 shares during the quarter. Intuitive Surgical comprises approximately 1.5% of PKO Investment Management Joint Stock Co’s investment portfolio, making the stock its 17th biggest position. PKO Investment Management Joint Stock Co’s holdings in Intuitive Surgical were worth $13,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Chilton Capital Management LLC increased its stake in shares of Intuitive Surgical by 614.3% in the 1st quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider’s stock valued at $25,000 after purchasing an additional 43 shares during the last quarter. Elite Financial Inc. bought a new position in shares of Intuitive Surgical in the 1st quarter valued at $26,000. LFA Lugano Financial Advisors SA bought a new position in shares of Intuitive Surgical in the 1st quarter valued at $30,000. TD Capital Management LLC grew its position in Intuitive Surgical by 300.0% during the 1st quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock worth $30,000 after acquiring an additional 45 shares during the last quarter. Finally, 1248 Management LLC bought a new stake in Intuitive Surgical during the 1st quarter worth $30,000. Institutional investors own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ISRG. Piper Sandler boosted their price objective on Intuitive Surgical from $595.00 to $610.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank Of Canada set a $625.00 price objective on Intuitive Surgical and gave the stock an “outperform” rating in a research report on Wednesday. Evercore ISI reduced their price objective on Intuitive Surgical from $535.00 to $450.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 7th. Sanford C. Bernstein restated an “outperform” rating and set a $685.00 price objective on shares of Intuitive Surgical in a research report on Tuesday. Finally, Truist Financial set a $620.00 price objective on Intuitive Surgical and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $602.32.

Intuitive Surgical Trading Down 0.9%

Shares of ISRG opened at $546.51 on Friday. The company has a market capitalization of $195.91 billion, a PE ratio of 72.29, a PEG ratio of 5.50 and a beta of 1.61. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $616.00. The stock’s 50-day moving average price is $458.09 and its two-hundred day moving average price is $497.02.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 EPS for the quarter, topping the consensus estimate of $1.99 by $0.41. The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.41 billion. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The business’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.84 EPS. Equities research analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Insider Transactions at Intuitive Surgical

In other news, Director Amy L. Ladd sold 336 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $470.11, for a total value of $157,956.96. Following the transaction, the director directly owned 1,074 shares of the company’s stock, valued at $504,898.14. The trade was a 23.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gary S. Guthart sold 29,360 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $472.49, for a total value of $13,872,306.40. Following the completion of the transaction, the insider directly owned 19,827 shares in the company, valued at $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. Insiders sold a total of 40,724 shares of company stock worth $19,500,332 over the last three months. 0.70% of the stock is owned by company insiders.

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.