Bank Pictet & Cie Europe AG Has $108.36 Million Stake in Intuitive Surgical, Inc. $ISRG

Bank Pictet & Cie Europe AG raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 191,323 shares of the medical equipment provider’s stock after buying an additional 1,688 shares during the quarter. Intuitive Surgical makes up about 2.2% of Bank Pictet & Cie Europe AG’s investment portfolio, making the stock its 8th largest holding. Bank Pictet & Cie Europe AG owned about 0.05% of Intuitive Surgical worth $108,358,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. SteelPeak Wealth LLC grew its holdings in Intuitive Surgical by 28.7% in the 3rd quarter. SteelPeak Wealth LLC now owns 41,993 shares of the medical equipment provider’s stock worth $18,781,000 after buying an additional 9,364 shares in the last quarter. Atlantic Union Bankshares Corp raised its stake in Intuitive Surgical by 19.3% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 22,759 shares of the medical equipment provider’s stock valued at $10,179,000 after acquiring an additional 3,676 shares in the last quarter. World Investment Advisors raised its stake in Intuitive Surgical by 238.3% during the 3rd quarter. World Investment Advisors now owns 5,399 shares of the medical equipment provider’s stock valued at $2,415,000 after acquiring an additional 3,803 shares in the last quarter. Valley Wealth Managers Inc. boosted its position in Intuitive Surgical by 52.7% during the 3rd quarter. Valley Wealth Managers Inc. now owns 4,084 shares of the medical equipment provider’s stock worth $1,826,000 after acquiring an additional 1,409 shares during the period. Finally, E. Ohman J or Asset Management AB boosted its position in Intuitive Surgical by 4.1% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 28,306 shares of the medical equipment provider’s stock worth $12,659,000 after acquiring an additional 1,123 shares during the period. Institutional investors own 83.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ISRG shares. Sanford C. Bernstein raised their price target on Intuitive Surgical from $740.00 to $750.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Royal Bank Of Canada upped their price objective on shares of Intuitive Surgical from $625.00 to $650.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Robert W. Baird decreased their target price on shares of Intuitive Surgical from $655.00 to $645.00 and set an “outperform” rating for the company in a research report on Friday, January 23rd. Wall Street Zen cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Argus dropped their price target on shares of Intuitive Surgical from $630.00 to $560.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Intuitive Surgical currently has an average rating of “Moderate Buy” and an average target price of $614.95.

Insider Activity

In related news, SVP Mark Brosius sold 645 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $485.01, for a total value of $312,831.45. Following the completion of the transaction, the senior vice president owned 1,613 shares of the company’s stock, valued at approximately $782,321.13. This trade represents a 28.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Fredrik Widman sold 133 shares of Intuitive Surgical stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $494.96, for a total transaction of $65,829.68. Following the transaction, the vice president owned 660 shares in the company, valued at approximately $326,673.60. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,943 shares of company stock worth $17,279,568 in the last quarter. Insiders own 0.60% of the company’s stock.

Intuitive Surgical Trading Up 0.8%

NASDAQ ISRG opened at $464.45 on Thursday. The stock’s 50-day moving average price is $490.34 and its two-hundred day moving average price is $513.40. The company has a market cap of $164.94 billion, a PE ratio of 58.87, a PEG ratio of 3.56 and a beta of 1.68. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $603.88.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, January 22nd. The medical equipment provider reported $2.53 EPS for the quarter, topping the consensus estimate of $2.27 by $0.26. The company 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 business’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same period last year, the company posted $2.21 earnings per share. Research analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Key Intuitive Surgical News

Here are the key news stories impacting Intuitive Surgical this week:

• Positive Sentiment: Recent fundamentals — Intuitive reported a strong quarter (EPS and revenue beats, healthy margins and ~19% year-over-year revenue growth), which underpins investor confidence in growth and helps justify the stock’s premium P/E.
• Positive Sentiment: Analyst / thematic support — Motley Fool coverage frames ISRG as a high-growth pick and highlights the company’s durable competitive position in surgical robotics, which can support longer-term investor demand. Intuitive Surgical Maintains Edge Despite Security Breach
• Neutral Sentiment: Recent trading moves — Coverage of ISRG’s intraday/settlement gains shows short-term buyer interest, but volume and market context suggest this is a continuation of momentum trading rather than a new fundamental catalyst. ISRG Rises But Trails Market
• Negative Sentiment: Security / operational risk — A phishing attack in March compromised an employee account and exposed some customer contact, employee and corporate information; this raises short-term reputational and operational risk and could pressure sentiment until controls and remediation are clearly communicated. Intuitive Surgical Maintains Edge Despite Security Breach
• Negative Sentiment: Analyst downgrade — Zacks cut ISRG from “strong-buy” to “hold,” which can reduce short-term buying pressure from model-driven funds and investor groups that track analyst sentiment. Zacks.com

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.