Intuitive Surgical, Inc. $ISRG Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 8.4% in the third quarter, Holdings Channel reports. The institutional investor owned 41,357 shares of the medical equipment provider’s stock after buying an additional 3,211 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Intuitive Surgical were worth $18,496,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ISRG. Tobam raised its stake in shares of Intuitive Surgical by 666.7% in the 2nd quarter. Tobam now owns 46 shares of the medical equipment provider’s stock valued at $25,000 after purchasing an additional 40 shares in the last quarter. Kilter Group LLC bought a new stake in Intuitive Surgical in the second quarter valued at about $27,000. Princeton Global Asset Management LLC acquired a new stake in Intuitive Surgical during the second quarter valued at approximately $30,000. Greykasell Wealth Strategies Inc. bought a new position in Intuitive Surgical during the 3rd quarter worth approximately $27,000. Finally, Riggs Asset Managment Co. Inc. grew its position in shares of Intuitive Surgical by 84.2% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 70 shares of the medical equipment provider’s stock worth $38,000 after acquiring an additional 32 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ISRG has been the topic of several research reports. Raymond James Financial upped their price target on Intuitive Surgical from $603.00 to $615.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Wall Street Zen raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Daiwa Capital Markets raised their price target on shares of Intuitive Surgical from $510.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Evercore ISI lowered their price objective on shares of Intuitive Surgical from $580.00 to $550.00 and set an “in-line” rating for the company in a research report on Friday, January 23rd. Finally, BTIG Research reissued a “buy” rating and issued a $616.00 target price on shares of Intuitive Surgical in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $617.23.

Insider Transactions at Intuitive Surgical

In related news, EVP Henry L. Charlton sold 13,731 shares of Intuitive Surgical stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $580.00, for a total transaction of $7,963,980.00. Following the sale, the executive vice president directly owned 3,056 shares in the company, valued at $1,772,480. The trade was a 81.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Myriam Curet sold 126 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $520.02, for a total transaction of $65,522.52. The SEC filing for this sale provides additional information. Insiders sold 73,616 shares of company stock worth $40,929,575 over the last quarter. Insiders own 0.70% of the company’s stock.

Intuitive Surgical Stock Down 0.5%

ISRG stock opened at $476.32 on Friday. The stock has a market cap of $170.75 billion, a PE ratio of 60.37, a price-to-earnings-growth ratio of 3.71 and a beta of 1.65. The firm’s 50-day simple moving average is $551.33 and its 200 day simple moving average is $510.73. Intuitive Surgical, Inc. has a fifty-two week low of $425.00 and a fifty-two week high of $609.08.

Intuitive Surgical (NASDAQ:ISRG) last posted 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 firm 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 quarterly revenue was up 18.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.21 EPS. Equities analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

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.