Skandinaviska Enskilda Banken AB publ Increases Stock Holdings in Intuitive Surgical, Inc. $ISRG

Skandinaviska Enskilda Banken AB publ raised its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 169,713 shares of the medical equipment provider’s stock after buying an additional 632 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Intuitive Surgical were worth $92,263,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ISRG. Norway Savings Bank raised its holdings in Intuitive Surgical by 53.4% in the second quarter. Norway Savings Bank now owns 2,613 shares of the medical equipment provider’s stock worth $1,420,000 after purchasing an additional 910 shares in the last quarter. Trust Co. of Oklahoma purchased a new stake in shares of Intuitive Surgical in the 2nd quarter worth about $363,000. IronOak Wealth LLC. bought a new position in shares of Intuitive Surgical in the 2nd quarter worth about $1,099,000. Amalgamated Bank lifted its position in Intuitive Surgical by 2.2% during the 2nd quarter. Amalgamated Bank now owns 81,542 shares of the medical equipment provider’s stock valued at $44,311,000 after acquiring an additional 1,772 shares during the period. Finally, Neville Rodie & Shaw Inc. lifted its position in Intuitive Surgical by 11.9% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 10,427 shares of the medical equipment provider’s stock valued at $5,666,000 after acquiring an additional 1,110 shares during the period. 83.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ISRG has been the subject of a number of analyst reports. HSBC raised their target price on shares of Intuitive Surgical from $595.00 to $644.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Daiwa Capital Markets raised their price objective on Intuitive Surgical from $510.00 to $550.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. BTIG Research lifted their price objective on Intuitive Surgical from $529.00 to $589.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Hsbc Global Res raised Intuitive Surgical to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Zacks Research raised Intuitive Surgical from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Intuitive Surgical has an average rating of “Moderate Buy” and an average price target of $608.92.

Insider Transactions at Intuitive Surgical

In other news, EVP Brian Edward Miller sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $575.00, for a total transaction of $2,012,500.00. Following the completion of the transaction, the executive vice president directly owned 5,758 shares of the company’s stock, valued at $3,310,850. The trade was a 37.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Henry L. Charlton sold 13,731 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $580.00, for a total transaction of $7,963,980.00. Following the completion of the sale, the executive vice president owned 3,056 shares in the company, valued at $1,772,480. This represents a 81.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 86,804 shares of company stock valued at $48,043,866. Company insiders own 0.70% of the company’s stock.

Intuitive Surgical Price Performance

Shares of NASDAQ:ISRG opened at $574.23 on Friday. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $616.00. The company has a market cap of $205.85 billion, a P/E ratio of 75.96, a PEG ratio of 4.94 and a beta of 1.62. The stock’s fifty day moving average price is $503.24 and its 200-day moving average price is $505.38.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Tuesday, October 21st. The medical equipment provider reported $2.40 EPS for the quarter, topping the consensus estimate of $1.99 by $0.41. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the company earned $1.84 EPS. Intuitive Surgical’s revenue for the quarter was up 22.9% on a year-over-year basis. On average, sell-side analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Intuitive Surgical 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.