Sumitomo Life Insurance Co. Has $13.47 Million Position in Intuitive Surgical, Inc. $ISRG

Sumitomo Life Insurance Co. raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 24,787 shares of the medical equipment provider’s stock after buying an additional 103 shares during the period. Intuitive Surgical accounts for 0.9% of Sumitomo Life Insurance Co.’s holdings, making the stock its 20th largest holding. Sumitomo Life Insurance Co.’s holdings in Intuitive Surgical were worth $13,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chilton Capital Management LLC increased its holdings in shares of 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 purchasing an additional 43 shares during the last quarter. Elite Financial Inc. acquired a new position in shares of Intuitive Surgical in the first quarter valued at $26,000. Princeton Global Asset Management LLC acquired a new position in shares of Intuitive Surgical in the second quarter valued at $30,000. TD Capital Management LLC increased its holdings in shares of Intuitive Surgical by 300.0% in the first quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock valued at $30,000 after purchasing an additional 45 shares during the last quarter. Finally, 1248 Management LLC acquired a new position in shares of Intuitive Surgical in the first quarter valued at $30,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ISRG shares. The Goldman Sachs Group upped their price target on shares of Intuitive Surgical from $567.00 to $621.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Sanford C. Bernstein restated an “outperform” rating and issued a $685.00 price target on shares of Intuitive Surgical in a research note on Tuesday, October 21st. Rothschild & Co Redburn upped their price target on shares of Intuitive Surgical from $610.00 to $615.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Jefferies Financial Group upped their price target on shares of Intuitive Surgical from $550.00 to $560.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Finally, Erste Group Bank restated a “hold” rating on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Intuitive Surgical presently has an average rating of “Moderate Buy” and an average price target of $608.92.

Intuitive Surgical Stock Up 0.8%

ISRG opened at $534.28 on Friday. Intuitive Surgical, Inc. has a twelve month low of $425.00 and a twelve month high of $616.00. The company has a 50-day simple moving average of $464.32 and a 200 day simple moving average of $498.61. The stock has a market capitalization of $191.53 billion, a price-to-earnings ratio of 70.67, a P/E/G ratio of 4.94 and a beta of 1.61.

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

Insider Buying and Selling at Intuitive Surgical

In related news, Director Craig H. Barratt sold 2,193 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $548.01, for a total transaction of $1,201,785.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Myriam Curet sold 125 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $543.00, for a total transaction of $67,875.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 96,011 shares of company stock valued at $50,309,042 over the last three months. 0.70% of the stock is owned by insiders.

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.