Nordea Investment Management AB Has $36.18 Million Stock Holdings in Intuitive Surgical, Inc. $ISRG

Nordea Investment Management AB lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 32.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 63,345 shares of the medical equipment provider’s stock after purchasing an additional 15,392 shares during the quarter. Nordea Investment Management AB’s holdings in Intuitive Surgical were worth $36,184,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Holos Integrated Wealth LLC acquired a new position in Intuitive Surgical in the fourth quarter valued at about $25,000. Kilter Group LLC acquired a new stake in shares of Intuitive Surgical during the second quarter worth approximately $27,000. Greykasell Wealth Strategies Inc. bought a new position in shares of Intuitive Surgical in the third quarter valued at approximately $27,000. Caitlin John LLC bought a new position in shares of Intuitive Surgical in the third quarter valued at approximately $30,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Intuitive Surgical in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ISRG shares. UBS Group decreased their price target on Intuitive Surgical from $570.00 to $550.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. Argus cut their price objective on Intuitive Surgical from $630.00 to $560.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Wall Street Zen lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. TD Cowen upgraded Intuitive Surgical to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, Zacks Research upgraded Intuitive Surgical from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $614.95.

Intuitive Surgical Trading Up 0.0%

Intuitive Surgical stock opened at $478.04 on Tuesday. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $603.88. The company has a market cap of $169.77 billion, a PE ratio of 60.59, a PEG ratio of 3.69 and a beta of 1.66. The company’s 50-day moving average is $500.94 and its two-hundred day moving average is $513.62.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly 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%. Intuitive Surgical’s revenue was up 18.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.21 EPS. Research analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insider Transactions at Intuitive Surgical

In other Intuitive Surgical news, Director Gary S. Guthart sold 24,500 shares of Intuitive Surgical stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $530.10, for a total transaction of $12,987,450.00. Following the completion of the sale, the director owned 3,694 shares of the company’s stock, valued at approximately $1,958,189.40. The trade was a 86.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Patricia L. Wadors sold 220 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $499.71, for a total transaction of $109,936.20. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 32,943 shares of company stock valued at $17,279,568. 0.70% of the stock is currently owned by company insiders.

About Intuitive Surgical

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.