National Pension Service Boosts Stake in Intuitive Surgical, Inc. $ISRG

National Pension Service increased its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 705,045 shares of the medical equipment provider’s stock after acquiring an additional 22,468 shares during the period. National Pension Service owned about 0.20% of Intuitive Surgical worth $315,317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC raised its position in Intuitive Surgical by 3.2% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 811 shares of the medical equipment provider’s stock valued at $363,000 after purchasing an additional 25 shares in the last quarter. Trifecta Capital Advisors LLC lifted its position in shares of Intuitive Surgical by 4.8% during the third quarter. Trifecta Capital Advisors LLC now owns 14,014 shares of the medical equipment provider’s stock valued at $6,267,000 after buying an additional 646 shares during the last quarter. Alpha Cubed Investments LLC lifted its position in Intuitive Surgical by 13.0% during the third quarter. Alpha Cubed Investments LLC now owns 92,600 shares of the medical equipment provider’s stock valued at $41,413,000 after acquiring an additional 10,677 shares during the last quarter. Valley Wealth Managers Inc. boosted its position in shares of Intuitive Surgical by 52.7% in the 3rd quarter. Valley Wealth Managers Inc. now owns 4,084 shares of the medical equipment provider’s stock worth $1,826,000 after purchasing an additional 1,409 shares in the last quarter. Finally, Tandem Investment Advisors Inc. boosted its holdings in Intuitive Surgical by 4.5% in the third quarter. Tandem Investment Advisors Inc. now owns 9,219 shares of the medical equipment provider’s stock worth $4,123,000 after acquiring an additional 396 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Performance

ISRG opened at $504.22 on Friday. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year high of $609.08. The business’s 50 day moving average price is $558.64 and its 200 day moving average price is $511.63. The stock has a market capitalization of $180.75 billion, a PE ratio of 63.91, a P/E/G ratio of 3.92 and a beta of 1.67.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.26. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.72 billion. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.The company’s quarterly revenue was up 18.8% on a year-over-year basis. During the same period last year, the company earned $2.21 EPS. As a group, equities research analysts forecast that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Intuitive Surgical

In other news, EVP Brian Edward Miller sold 3,500 shares of Intuitive Surgical stock in a transaction on Monday, November 10th. The stock was sold at an average price of $575.00, for a total value of $2,012,500.00. Following the completion of the sale, the executive vice president directly owned 5,758 shares of the company’s stock, valued at approximately $3,310,850. The trade was a 37.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary S. Guthart sold 24,500 shares of Intuitive Surgical stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $530.10, for a total value of $12,987,450.00. Following the completion of the transaction, the director directly owned 3,694 shares of the company’s stock, valued at approximately $1,958,189.40. This represents a 86.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 75,683 shares of company stock valued at $42,066,425. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ISRG. TD Cowen raised Intuitive Surgical to a “strong-buy” rating in a research report on Tuesday. The Goldman Sachs Group reissued a “buy” rating and set a $714.00 price target on shares of Intuitive Surgical in a report on Friday, January 9th. Hsbc Global Res upgraded Intuitive Surgical to a “strong-buy” rating in a research report on Thursday, October 23rd. Leerink Partners increased their price objective on shares of Intuitive Surgical from $593.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, BTIG Research restated a “buy” rating and issued a $616.00 target price on shares of Intuitive Surgical in a research report on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Intuitive Surgical has a consensus rating of “Moderate Buy” and a consensus target price of $620.41.

Intuitive Surgical Company Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.