DNB Asset Management AS Raises Position in Intuitive Surgical, Inc. $ISRG

DNB Asset Management AS raised its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 25.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 249,861 shares of the medical equipment provider’s stock after buying an additional 50,854 shares during the period. DNB Asset Management AS owned about 0.07% of Intuitive Surgical worth $111,745,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. West Family Investments Inc. boosted its holdings in Intuitive Surgical by 1.9% during the 3rd quarter. West Family Investments Inc. now owns 1,322 shares of the medical equipment provider’s stock valued at $591,000 after acquiring an additional 25 shares during the period. Advisor OS LLC lifted its position in Intuitive Surgical by 14.5% in the third quarter. Advisor OS LLC now owns 1,792 shares of the medical equipment provider’s stock valued at $801,000 after purchasing an additional 227 shares during the last quarter. Interchange Capital Partners LLC boosted its stake in shares of Intuitive Surgical by 25.6% during the third quarter. Interchange Capital Partners LLC now owns 1,429 shares of the medical equipment provider’s stock valued at $639,000 after purchasing an additional 291 shares during the period. Dogwood Wealth Management LLC grew its holdings in shares of Intuitive Surgical by 12.6% in the third quarter. Dogwood Wealth Management LLC now owns 1,624 shares of the medical equipment provider’s stock worth $726,000 after purchasing an additional 182 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Intuitive Surgical by 4.8% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 857,315 shares of the medical equipment provider’s stock worth $383,417,000 after buying an additional 39,433 shares during the period. 83.64% of the stock is owned by institutional investors.

Intuitive Surgical Stock Performance

ISRG stock opened at $506.88 on Friday. Intuitive Surgical, Inc. has a fifty-two week low of $425.00 and a fifty-two week high of $603.88. The company has a market capitalization of $180.01 billion, a price-to-earnings ratio of 64.24, a price-to-earnings-growth ratio of 3.90 and a beta of 1.65. The business’s 50 day moving average price is $531.21 and its two-hundred day moving average price is $511.26.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.26. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.72 billion. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.The firm’s revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.21 earnings per share. Sell-side analysts forecast that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, EVP Myriam Curet sold 421 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $494.96, for a total value of $208,378.16. Following the sale, the executive vice president owned 409 shares in the company, valued at approximately $202,438.64. This represents a 50.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary S. Guthart sold 2,800 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $531.52, for a total transaction of $1,488,256.00. Following the transaction, the director owned 15,720 shares of the company’s stock, valued at $8,355,494.40. The trade was a 15.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 56,189 shares of company stock valued at $30,785,441 over the last 90 days. 0.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ISRG shares. Argus dropped their price target on shares of Intuitive Surgical from $630.00 to $560.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Raymond James Financial raised their target price on Intuitive Surgical from $603.00 to $615.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Robert W. Baird reduced their price target on Intuitive Surgical from $655.00 to $645.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. HSBC upped their price target on Intuitive Surgical from $644.00 to $653.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, Zacks Research upgraded Intuitive Surgical from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $615.86.

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.