Danske Bank A S Acquires Shares of 202,378 Intuitive Surgical, Inc. $ISRG

Danske Bank A S bought a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGFree Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 202,378 shares of the medical equipment provider’s stock, valued at approximately $90,510,000. Danske Bank A S owned 0.06% of Intuitive Surgical at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Kilter Group LLC acquired a new stake in Intuitive Surgical during the 2nd quarter valued at $27,000. Greykasell Wealth Strategies Inc. bought a new position in Intuitive Surgical during the third quarter worth $27,000. Caitlin John LLC acquired a new position in shares of Intuitive Surgical in the third quarter valued at $30,000. Guerra Advisors Inc bought a new position in shares of Intuitive Surgical in the third quarter valued at about $37,000. Finally, Riggs Asset Managment Co. Inc. raised its position in shares of Intuitive Surgical by 84.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 70 shares of the medical equipment provider’s stock valued at $38,000 after purchasing an additional 32 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

Key Intuitive Surgical News

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ISRG. BTIG Research reaffirmed a “buy” rating and set a $616.00 target price on shares of Intuitive Surgical in a report on Friday, January 23rd. Barclays set a $712.00 price target on shares of Intuitive Surgical and gave the company an “overweight” rating in a report on Monday, January 26th. The Goldman Sachs Group restated a “buy” rating and set a $714.00 price objective on shares of Intuitive Surgical in a report on Friday, January 9th. Evercore decreased their target price on Intuitive Surgical from $580.00 to $550.00 and set an “in-line” rating on the stock in a research report on Friday, January 23rd. Finally, Piper Sandler reissued an “overweight” rating and set a $620.00 price target (up from $610.00) on shares of Intuitive Surgical in a report on Friday, January 23rd. Two equities 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 stock. According to data from MarketBeat, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and an average price target of $614.95.

Read Our Latest Research Report on Intuitive Surgical

Insider Buying and Selling

In related news, SVP Mark Brosius sold 645 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $485.01, for a total transaction of $312,831.45. Following the sale, the senior vice president owned 1,613 shares of the company’s stock, valued at $782,321.13. This represents a 28.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Fredrik Widman sold 133 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $494.96, for a total value of $65,829.68. Following the transaction, the vice president owned 660 shares in the company, valued at approximately $326,673.60. This trade represents a 16.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 32,943 shares of company stock valued at $17,279,568. 0.70% of the stock is currently owned by corporate insiders.

Intuitive Surgical Stock Down 0.1%

Shares of Intuitive Surgical stock opened at $482.76 on Wednesday. Intuitive Surgical, Inc. has a twelve month low of $425.00 and a twelve month high of $603.88. The company has a 50-day simple moving average of $509.40 and a two-hundred day simple moving average of $513.09. The stock has a market capitalization of $171.44 billion, a price-to-earnings ratio of 61.19, a price-to-earnings-growth ratio of 3.73 and a beta of 1.66.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last announced its earnings results 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. Intuitive Surgical had a net margin of 28.38% and a return on equity of 15.06%. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the prior year, the business posted $2.21 EPS. The business’s revenue was up 18.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

About Intuitive Surgical

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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