National Pension Service Grows Holdings in Intuitive Surgical, Inc. (ISRG)
National Pension Service grew its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 186.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 97,553 shares of the medical equipment provider’s stock after buying an additional 63,552 shares during the quarter. National Pension Service’s holdings in Intuitive Surgical were worth $35,601,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its stake in Intuitive Surgical by 11.2% in the 2nd quarter. Stifel Financial Corp now owns 8,356 shares of the medical equipment provider’s stock worth $7,837,000 after buying an additional 841 shares in the last quarter. First Trust Advisors LP grew its stake in Intuitive Surgical by 61.4% in the 3rd quarter. First Trust Advisors LP now owns 51,130 shares of the medical equipment provider’s stock worth $53,476,000 after buying an additional 19,458 shares in the last quarter. Davis R M Inc. purchased a new position in Intuitive Surgical in the 3rd quarter worth approximately $219,000. Point72 Asset Management L.P. purchased a new position in Intuitive Surgical in the 3rd quarter worth approximately $24,264,000. Finally, Tower Research Capital LLC TRC grew its stake in Intuitive Surgical by 122.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 819 shares of the medical equipment provider’s stock worth $766,000 after buying an additional 450 shares in the last quarter. 32.82% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Mark J. Meltzer sold 3,000 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $400.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the senior vice president now directly owns 9,888 shares in the company, valued at approximately $3,955,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Salvatore Brogna sold 6,082 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $397.61, for a total transaction of $2,418,264.02. Following the sale, the chief operating officer now owns 3,096 shares of the company’s stock, valued at $1,231,000.56. The disclosure for this sale can be found here. Insiders have sold a total of 55,944 shares of company stock valued at $21,432,971 over the last quarter. 2.20% of the stock is currently owned by company insiders.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.78. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The company had revenue of $806.10 million during the quarter, compared to analyst estimates of $753.25 million. During the same period in the prior year, the business posted $2.06 EPS. The firm’s revenue was up 18.0% compared to the same quarter last year. equities analysts expect that Intuitive Surgical, Inc. will post 7.98 EPS for the current year.
A number of equities research analysts have recently weighed in on ISRG shares. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $418.00 price objective for the company in a report on Wednesday, October 25th. Wells Fargo & Co restated a “buy” rating on shares of Intuitive Surgical in a report on Monday, October 16th. Wedbush restated a “buy” rating on shares of Intuitive Surgical in a report on Tuesday, October 10th. BidaskClub lowered shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, Goldman Sachs Group restated a “buy” rating on shares of Intuitive Surgical in a report on Saturday, November 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $357.44.
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Intuitive Surgical Profile
Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.
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