International Assets Investment Management LLC increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) by 1,137.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,000 shares of the medical equipment provider’s stock after buying an additional 36,767 shares during the period. International Assets Investment Management LLC’s holdings in Intuitive Surgical were worth $16,265,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of ISRG. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Intuitive Surgical in the second quarter valued at about $14,316,000. Plato Investment Management Ltd acquired a new position in shares of Intuitive Surgical during the 2nd quarter worth about $4,315,000. Hikari Power Ltd acquired a new position in shares of Intuitive Surgical during the 2nd quarter worth about $5,619,000. NewEdge Advisors LLC lifted its position in shares of Intuitive Surgical by 19.1% during the 2nd quarter. NewEdge Advisors LLC now owns 50,825 shares of the medical equipment provider’s stock worth $20,212,000 after purchasing an additional 8,142 shares during the last quarter. Finally, Nykredit A S bought a new stake in Intuitive Surgical during the 2nd quarter valued at approximately $48,464,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.
Intuitive Surgical Trading Down 3.7%
Shares of ISRG stock opened at $432.01 on Friday. The stock has a 50 day moving average of $401.54 and a two-hundred day moving average of $434.05. Intuitive Surgical, Inc. has a 12 month low of $328.57 and a 12 month high of $603.88. The company has a market capitalization of $149.75 billion, a P/E ratio of 52.24, a P/E/G ratio of 2.98 and a beta of 1.46.
Intuitive Surgical (NASDAQ:ISRG – Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The medical equipment provider reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.35. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.91 billion. Intuitive Surgical had a return on equity of 18.17% and a net margin of 25.54%. Intuitive Surgical’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.40 EPS. Sell-side analysts predict that Intuitive Surgical, Inc. will post 9.37 earnings per share for the current fiscal year.
Insider Transactions at Intuitive Surgical
In other Intuitive Surgical news, Director Amy Ladd sold 400 shares of Intuitive Surgical stock in a transaction on Monday, August 10th. The shares were sold at an average price of $379.00, for a total transaction of $151,600.00. Following the sale, the director owned 251 shares in the company, valued at $95,129. The trade was a 61.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Guthart sold 20,095 shares of the business’s stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $451.61, for a total transaction of $9,075,102.95. Following the completion of the sale, the director directly owned 1,204,530 shares in the company, valued at $543,977,793.30. This trade represents a 1.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 38,778 shares of company stock valued at $16,814,967 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on ISRG. Evercore set a $430.00 price target on Intuitive Surgical in a report on Monday, July 6th. Leerink Partners set a $503.00 target price on shares of Intuitive Surgical and gave the stock an “outperform” rating in a research report on Wednesday, October 21st. Stifel Nicolaus cut their target price on shares of Intuitive Surgical from $670.00 to $550.00 and set a “buy” rating for the company in a research note on Friday, July 17th. Zacks Research raised shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 22nd. Finally, Truist Financial decreased their price target on shares of Intuitive Surgical from $580.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $493.54.
Read Our Latest Stock Analysis on ISRG
Intuitive Surgical Profile
Intuitive Surgical, Inc develops and manufactures robotic-assisted systems and related technologies for minimally invasive surgery. Its products are designed to help surgeons perform procedures through small incisions while providing enhanced visualization, precision and control. The company’s primary platform is the da Vinci Surgical System, which is used across a range of specialties, including urology, gynecology, general surgery, cardiothoracic surgery and other procedures.
The company also offers the Ion endoluminal system, which is designed to support minimally invasive lung biopsy procedures.
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