AGF Management Ltd. Has $250.84 Million Stock Position in Intuitive Surgical, Inc. $ISRG

AGF Management Ltd. lessened its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 46.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 461,604 shares of the medical equipment provider’s stock after selling 401,885 shares during the quarter. Intuitive Surgical makes up about 1.1% of AGF Management Ltd.’s investment portfolio, making the stock its 22nd largest position. AGF Management Ltd. owned 0.13% of Intuitive Surgical worth $250,840,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ISRG. Norway Savings Bank raised its stake in Intuitive Surgical by 53.4% during the second quarter. Norway Savings Bank now owns 2,613 shares of the medical equipment provider’s stock worth $1,420,000 after acquiring an additional 910 shares in the last quarter. IronOak Wealth LLC. bought a new stake in shares of Intuitive Surgical in the 2nd quarter worth about $1,099,000. Trust Co. of Oklahoma bought a new stake in shares of Intuitive Surgical in the 2nd quarter worth about $363,000. Amalgamated Bank increased its position in shares of Intuitive Surgical by 2.2% during the 2nd quarter. Amalgamated Bank now owns 81,542 shares of the medical equipment provider’s stock worth $44,311,000 after purchasing an additional 1,772 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. lifted its holdings in Intuitive Surgical by 11.9% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 10,427 shares of the medical equipment provider’s stock valued at $5,666,000 after purchasing an additional 1,110 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ISRG. Rothschild & Co Redburn boosted their target price on Intuitive Surgical from $610.00 to $615.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. 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 note on Wednesday, October 22nd. BTIG Research increased their target price on Intuitive Surgical from $529.00 to $589.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. UBS Group set a $600.00 price target on Intuitive Surgical and gave the company a “neutral” rating in a report on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Intuitive Surgical in a research report on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Intuitive Surgical has an average rating of “Moderate Buy” and a consensus price target of $608.92.

Insider Buying and Selling

In related news, insider Gary S. Guthart sold 2,800 shares of Intuitive Surgical stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $546.27, for a total transaction of $1,529,556.00. Following the transaction, the insider owned 17,120 shares of the company’s stock, valued at $9,352,142.40. This trade represents a 14.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Myriam Curet sold 125 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $543.00, for a total transaction of $67,875.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 98,078 shares of company stock worth $51,445,892 over the last quarter. Insiders own 0.70% of the company’s stock.

Intuitive Surgical Stock Performance

Shares of ISRG stock opened at $560.00 on Friday. The firm’s 50 day moving average price is $471.89 and its two-hundred day moving average price is $500.87. Intuitive Surgical, Inc. has a 52-week low of $425.00 and a 52-week high of $616.00. The stock has a market cap of $200.75 billion, a PE ratio of 74.07, a PEG ratio of 4.94 and a beta of 1.62.

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

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.