KLP Kapitalforvaltning AS Acquires 4,800 Shares of Intuitive Surgical, Inc. $ISRG

KLP Kapitalforvaltning AS lifted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,962 shares of the medical equipment provider’s stock after buying an additional 4,800 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Intuitive Surgical were worth $69,536,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ISRG. Chilton Capital Management LLC boosted its stake in Intuitive Surgical by 614.3% in the first quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider’s stock valued at $25,000 after acquiring an additional 43 shares during the last quarter. Elite Financial Inc. acquired a new position in shares of Intuitive Surgical in the 1st quarter valued at $26,000. LFA Lugano Financial Advisors SA bought a new position in shares of Intuitive Surgical in the 1st quarter worth $30,000. TD Capital Management LLC grew its stake in shares of Intuitive Surgical by 300.0% during the first quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock worth $30,000 after purchasing an additional 45 shares during the period. Finally, 1248 Management LLC bought a new stake in Intuitive Surgical in the first quarter valued at about $30,000. 83.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

ISRG has been the topic of a number of recent analyst reports. Evercore ISI raised their target price on Intuitive Surgical from $470.00 to $550.00 and gave the stock an “in-line” rating in a report on Tuesday, July 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Intuitive Surgical in a research report on Saturday, September 27th. BTIG Research restated a “buy” rating and set a $571.00 price objective on shares of Intuitive Surgical in a report on Wednesday, October 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $615.00 target price on shares of Intuitive Surgical in a research note on Tuesday, August 19th. Finally, Piper Sandler reissued an “overweight” rating and set a $595.00 price target (up from $575.00) on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $594.19.

Insiders Place Their Bets

In other news, EVP Myriam Curet sold 4,500 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $492.48, for a total transaction of $2,216,160.00. Following the completion of the transaction, the executive vice president directly owned 353 shares of the company’s stock, valued at $173,845.44. This represents a 92.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy L. Ladd sold 336 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $470.11, for a total value of $157,956.96. Following the transaction, the director owned 1,074 shares of the company’s stock, valued at approximately $504,898.14. The trade was a 23.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,224 shares of company stock worth $21,716,492. Corporate insiders own 0.70% of the company’s stock.

Intuitive Surgical Stock Performance

Shares of ISRG stock opened at $449.69 on Tuesday. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00. The company’s 50 day moving average price is $462.67 and its two-hundred day moving average price is $499.82. The company has a market capitalization of $161.20 billion, a P/E ratio of 62.72, a price-to-earnings-growth ratio of 4.74 and a beta of 1.61.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.26. Intuitive Surgical had a net margin of 28.51% and a return on equity of 14.56%. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the company earned $1.78 earnings per share. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. Analysts forecast that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.