Swedbank AB Purchases 2,944 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Swedbank AB lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 180,043 shares of the medical equipment provider’s stock after acquiring an additional 2,944 shares during the period. Swedbank AB owned 0.05% of Intuitive Surgical worth $88,450,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Creekmur Asset Management LLC raised its position in shares of Intuitive Surgical by 200.0% in the 1st quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider’s stock worth $25,000 after acquiring an additional 42 shares in the last quarter. Ridgewood Investments LLC bought a new position in Intuitive Surgical during the 2nd quarter valued at approximately $26,000. Delos Wealth Advisors LLC increased its position in Intuitive Surgical by 380.0% during the 1st quarter. Delos Wealth Advisors LLC now owns 72 shares of the medical equipment provider’s stock valued at $29,000 after buying an additional 57 shares in the last quarter. LRI Investments LLC bought a new position in Intuitive Surgical during the 1st quarter valued at approximately $30,000. Finally, LGT Financial Advisors LLC increased its holdings in shares of Intuitive Surgical by 415.4% in the 2nd quarter. LGT Financial Advisors LLC now owns 67 shares of the medical equipment provider’s stock worth $30,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Trading Down 1.9 %

Shares of NASDAQ:ISRG opened at $478.47 on Wednesday. The company has a market capitalization of $169.71 billion, a price-to-earnings ratio of 86.37, a PEG ratio of 5.40 and a beta of 1.39. Intuitive Surgical, Inc. has a 12 month low of $254.85 and a 12 month high of $496.48. The firm’s 50-day moving average is $481.94 and its 200 day moving average is $436.37.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, July 18th. The medical equipment provider reported $1.78 EPS for the quarter, beating the consensus estimate of $1.54 by $0.24. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.97 billion. Intuitive Surgical had a net margin of 27.65% and a return on equity of 13.04%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 EPS. As a group, equities analysts forecast that Intuitive Surgical, Inc. will post 5.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ISRG has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their target price on Intuitive Surgical from $430.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Royal Bank of Canada lifted their target price on Intuitive Surgical from $515.00 to $525.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Citigroup lifted their target price on Intuitive Surgical from $512.00 to $560.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. BTIG Research boosted their price objective on Intuitive Surgical from $494.00 to $518.00 and gave the company a “buy” rating in a research report on Monday. Finally, Evercore ISI boosted their price objective on Intuitive Surgical from $410.00 to $475.00 and gave the company an “in-line” rating in a research report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Intuitive Surgical has a consensus rating of “Moderate Buy” and a consensus price target of $467.55.

Insider Activity at Intuitive Surgical

In related news, EVP Myriam Curet sold 2,818 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $458.13, for a total transaction of $1,291,010.34. Following the transaction, the executive vice president now directly owns 298 shares in the company, valued at approximately $136,522.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Intuitive Surgical news, EVP Myriam Curet sold 2,818 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $458.13, for a total value of $1,291,010.34. Following the transaction, the executive vice president now directly owns 298 shares in the company, valued at $136,522.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert Desantis sold 1,413 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $438.60, for a total transaction of $619,741.80. Following the completion of the transaction, the executive vice president now owns 5,506 shares in the company, valued at $2,414,931.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,120 shares of company stock worth $25,528,753. Insiders own 0.90% of the company’s stock.

About Intuitive Surgical

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.