Swedbank AB Buys 202,807 Shares of Intuitive Surgical, Inc. $ISRG

Swedbank AB raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 38.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 731,221 shares of the medical equipment provider’s stock after buying an additional 202,807 shares during the quarter. Swedbank AB’s holdings in Intuitive Surgical were worth $327,024,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Tobam lifted its stake in Intuitive Surgical by 666.7% during the 2nd quarter. Tobam now owns 46 shares of the medical equipment provider’s stock valued at $25,000 after acquiring an additional 40 shares in the last quarter. Kilter Group LLC purchased a new stake in shares of Intuitive Surgical in the second quarter valued at about $27,000. TD Capital Management LLC lifted its position 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 valued at $30,000 after purchasing an additional 45 shares in the last quarter. 1248 Management LLC purchased a new position in Intuitive Surgical during the first quarter worth about $30,000. Finally, Princeton Global Asset Management LLC bought a new stake in Intuitive Surgical in the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on ISRG shares. HSBC lifted their target price on shares of Intuitive Surgical from $595.00 to $644.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. UBS Group set a $600.00 price target on Intuitive Surgical and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Raymond James Financial set a $603.00 price objective on Intuitive Surgical and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Intuitive Surgical in a research note on Monday. Finally, Piper Sandler lifted their target price on Intuitive Surgical from $595.00 to $610.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $611.08.

Intuitive Surgical Price Performance

Shares of NASDAQ ISRG opened at $577.34 on Wednesday. The stock has a market capitalization of $206.96 billion, a PE ratio of 76.37, a P/E/G ratio of 5.33 and a beta of 1.68. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year high of $616.00. The business’s fifty day moving average price is $547.18 and its 200-day moving average price is $505.91.

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

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, EVP Myriam Curet sold 104 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $559.90, for a total transaction of $58,229.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Craig H. Barratt sold 750 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $580.00, for a total value of $435,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 114,007 shares of company stock worth $63,533,844 in the last ninety days. Insiders own 0.70% of the company’s stock.

Intuitive Surgical Company Profile

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.