American Assets Inc. Makes New $671,000 Investment in Intuitive Surgical, Inc. $ISRG

American Assets Inc. bought a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,500 shares of the medical equipment provider’s stock, valued at approximately $671,000. Intuitive Surgical makes up about 0.2% of American Assets Inc.’s holdings, making the stock its 19th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Tobam lifted its stake in Intuitive Surgical by 666.7% in the 2nd quarter. Tobam now owns 46 shares of the medical equipment provider’s stock worth $25,000 after purchasing an additional 40 shares in the last quarter. Kilter Group LLC purchased a new stake in shares of Intuitive Surgical in the second quarter valued at approximately $27,000. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Intuitive Surgical in the third quarter valued at approximately $27,000. Princeton Global Asset Management LLC acquired a new stake in shares of Intuitive Surgical in the second quarter valued at approximately $30,000. Finally, Guerra Advisors Inc purchased a new position in Intuitive Surgical during the third quarter worth approximately $37,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ISRG shares. Daiwa Securities Group boosted their target price on shares of Intuitive Surgical from $510.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Jefferies Financial Group lifted their price target on shares of Intuitive Surgical from $550.00 to $560.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. HSBC upped their price objective on Intuitive Surgical from $644.00 to $653.00 and gave the company a “buy” rating in a report on Monday, January 26th. Rothschild & Co Redburn raised their target price on Intuitive Surgical from $610.00 to $615.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Leerink Partners lifted their target price on Intuitive Surgical from $593.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Intuitive Surgical currently has an average rating of “Moderate Buy” and an average price target of $617.23.

Intuitive Surgical Stock Up 2.5%

Shares of NASDAQ:ISRG opened at $488.15 on Friday. Intuitive Surgical, Inc. has a fifty-two week low of $425.00 and a fifty-two week high of $609.08. The firm’s 50 day moving average price is $549.63 and its 200 day moving average price is $510.54. The stock has a market cap of $173.36 billion, a price-to-earnings ratio of 61.87, a price-to-earnings-growth ratio of 3.79 and a beta of 1.65.

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

Insider Activity at Intuitive Surgical

In related news, EVP Myriam Curet sold 126 shares of Intuitive Surgical stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $520.02, for a total transaction of $65,522.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gary S. Guthart sold 2,800 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $531.52, for a total value of $1,488,256.00. Following the transaction, the director owned 15,720 shares in the company, valued at $8,355,494.40. This represents a 15.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,616 shares of company stock valued at $40,929,575 in the last quarter. Company insiders own 0.70% of the company’s stock.

Intuitive Surgical 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.