IFM Investors Pty Ltd Boosts Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

IFM Investors Pty Ltd increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) by 25.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,188 shares of the medical equipment provider’s stock after buying an additional 12,269 shares during the period. IFM Investors Pty Ltd’s holdings in Intuitive Surgical were worth $18,158,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. LMR Partners LLP purchased a new stake in Intuitive Surgical during the fourth quarter worth about $636,000. MCIA Inc increased its holdings in Intuitive Surgical by 5.6% during the first quarter. MCIA Inc now owns 3,596 shares of the medical equipment provider’s stock worth $1,003,000 after buying an additional 190 shares during the last quarter. NewEdge Wealth LLC purchased a new position in shares of Intuitive Surgical in the fourth quarter worth about $249,000. Deutsche Bank AG increased its stake in shares of Intuitive Surgical by 534.3% in the fourth quarter. Deutsche Bank AG now owns 1,299,985 shares of the medical equipment provider’s stock worth $467,086,000 after purchasing an additional 1,095,023 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its stake in shares of Intuitive Surgical by 200.0% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 9,522 shares of the medical equipment provider’s stock worth $3,421,000 after purchasing an additional 6,348 shares in the last quarter. Hedge funds and other institutional investors own 83.69% of the company’s stock.

Intuitive Surgical Stock Performance

Shares of ISRG opened at $230.17 on Monday. The firm has a market cap of $82.20 billion, a price-to-earnings ratio of 58.57, a PEG ratio of 5.42 and a beta of 1.27. Intuitive Surgical, Inc. has a fifty-two week low of $186.83 and a fifty-two week high of $369.69. The firm has a 50 day moving average price of $211.01 and a 200-day moving average price of $251.40.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last announced its quarterly earnings data on Thursday, July 21st. The medical equipment provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.13. Intuitive Surgical had a net margin of 24.05% and a return on equity of 12.04%. During the same period last year, the business posted $1.42 earnings per share. As a group, equities research analysts predict that Intuitive Surgical, Inc. will post 4.24 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Evercore ISI reduced their target price on shares of Intuitive Surgical from $210.00 to $175.00 in a research note on Friday, July 22nd. Stifel Nicolaus reduced their target price on shares of Intuitive Surgical from $325.00 to $270.00 in a research note on Monday, July 18th. Morgan Stanley cut their price objective on shares of Intuitive Surgical from $300.00 to $225.00 and set an “equal weight” rating for the company in a research report on Friday, July 15th. Wells Fargo & Company cut their price objective on shares of Intuitive Surgical to $265.00 in a research report on Friday, July 22nd. Finally, Royal Bank of Canada cut their price objective on shares of Intuitive Surgical from $340.00 to $285.00 and set a “maintains” rating for the company in a research report on Friday, July 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $265.92.

Insider Buying and Selling

In related news, CEO Gary S. Guthart sold 79,412 shares of Intuitive Surgical stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $216.30, for a total value of $17,176,815.60. Following the transaction, the chief executive officer now directly owns 54,607 shares of the company’s stock, valued at $11,811,494.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Intuitive Surgical news, CEO Gary S. Guthart sold 79,412 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $216.30, for a total transaction of $17,176,815.60. Following the transaction, the chief executive officer now directly owns 54,607 shares of the company’s stock, valued at approximately $11,811,494.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Myriam Curet sold 9,000 shares of the business’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $225.00, for a total transaction of $2,025,000.00. Following the transaction, the executive vice president now directly owns 217 shares in the company, valued at $48,825. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Intuitive Surgical Profile

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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 to enable 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.

See Also

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

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