Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Acquired by Tredje AP fonden

Tredje AP fonden increased its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 19.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,405 shares of the medical equipment provider’s stock after acquiring an additional 1,384 shares during the quarter. Tredje AP fonden’s holdings in Intuitive Surgical were worth $3,476,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC grew its holdings in shares of Intuitive Surgical by 8.3% in the 4th quarter. FMR LLC now owns 6,998,008 shares of the medical equipment provider’s stock worth $4,136,873,000 after acquiring an additional 535,391 shares during the last quarter. State Street Corp grew its holdings in shares of Intuitive Surgical by 2.1% in the 4th quarter. State Street Corp now owns 4,844,141 shares of the medical equipment provider’s stock worth $2,863,614,000 after acquiring an additional 101,876 shares during the last quarter. Capital World Investors grew its holdings in shares of Intuitive Surgical by 26.2% in the 4th quarter. Capital World Investors now owns 4,377,469 shares of the medical equipment provider’s stock worth $2,587,741,000 after acquiring an additional 909,401 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Intuitive Surgical by 0.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,951,165 shares of the medical equipment provider’s stock worth $1,461,447,000 after acquiring an additional 23,941 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Intuitive Surgical by 0.5% in the 4th quarter. Jennison Associates LLC now owns 2,527,947 shares of the medical equipment provider’s stock worth $1,494,396,000 after acquiring an additional 13,314 shares during the last quarter. Institutional investors and hedge funds own 85.09% of the company’s stock.

In other news, EVP Curet Myriam sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $503.76, for a total value of $1,511,280.00. Following the sale, the executive vice president now directly owns 3,816 shares in the company, valued at approximately $1,922,348.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jamie Samath sold 248 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $506.18, for a total value of $125,532.64. Following the completion of the sale, the senior vice president now owns 385 shares in the company, valued at $194,879.30. The disclosure for this sale can be found here. Insiders have sold 14,034 shares of company stock worth $7,381,613 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Several brokerages have recently commented on ISRG. Goldman Sachs Group cut Intuitive Surgical from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, April 1st. JPMorgan Chase & Co. reduced their price objective on Intuitive Surgical from $665.00 to $575.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. Wells Fargo & Co lifted their price objective on Intuitive Surgical from $555.00 to $561.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. BidaskClub cut Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Tuesday, March 17th. Finally, Cfra cut Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Friday, April 17th. Four analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $572.50.

ISRG traded up $16.85 on Friday, hitting $562.80. 550,232 shares of the stock traded hands, compared to its average volume of 603,355. Intuitive Surgical, Inc. has a 52 week low of $360.50 and a 52 week high of $619.00. The firm has a market capitalization of $63.67 billion, a PE ratio of 48.48, a P/E/G ratio of 12.33 and a beta of 0.91. The business has a fifty day moving average price of $510.90 and a two-hundred day moving average price of $549.84.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, April 16th. The medical equipment provider reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.15. Intuitive Surgical had a return on equity of 17.40% and a net margin of 30.11%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company posted $2.61 earnings per share. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, research analysts forecast that Intuitive Surgical, Inc. will post 6.78 earnings per share for the current fiscal year.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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