ASR Vermogensbeheer N.V. Acquires 3,909 Shares of Intuitive Surgical, Inc. $ISRG

ASR Vermogensbeheer N.V. lifted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 16.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,379 shares of the medical equipment provider’s stock after acquiring an additional 3,909 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Intuitive Surgical were worth $15,421,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ISRG. Brighton Jones LLC boosted its holdings in shares of Intuitive Surgical by 24.9% during the 4th quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider’s stock valued at $1,916,000 after acquiring an additional 731 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Intuitive Surgical during the 1st quarter valued at $135,000. Merit Financial Group LLC boosted its holdings in shares of Intuitive Surgical by 17.2% during the 1st quarter. Merit Financial Group LLC now owns 7,811 shares of the medical equipment provider’s stock valued at $3,869,000 after acquiring an additional 1,147 shares in the last quarter. ST Germain D J Co. Inc. boosted its holdings in shares of Intuitive Surgical by 69.8% during the 1st quarter. ST Germain D J Co. Inc. now owns 73 shares of the medical equipment provider’s stock valued at $36,000 after acquiring an additional 30 shares in the last quarter. Finally, HBW Advisory Services LLC boosted its holdings in shares of Intuitive Surgical by 11.1% during the 1st quarter. HBW Advisory Services LLC now owns 542 shares of the medical equipment provider’s stock valued at $268,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on ISRG shares. Evercore ISI lifted their target price on Intuitive Surgical from $470.00 to $550.00 and gave the stock an “in-line” rating in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Intuitive Surgical in a research note on Friday, August 22nd. Wall Street Zen cut Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Wells Fargo & Company increased their price target on Intuitive Surgical from $559.00 to $599.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Piper Sandler reissued an “overweight” rating and issued a $595.00 price target (up previously from $575.00) on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. Fourteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $594.19.

Intuitive Surgical Price Performance

Shares of Intuitive Surgical stock opened at $438.04 on Thursday. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year high of $616.00. The stock’s 50-day moving average is $465.33 and its 200 day moving average is $500.54. The firm has a market cap of $157.03 billion, a price-to-earnings ratio of 61.09, a PEG ratio of 4.69 and a beta of 1.61.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 EPS for the quarter, beating the consensus estimate of $1.93 by $0.26. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the company earned $1.78 EPS. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. On average, sell-side 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, insider Gary S. Guthart sold 29,360 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $472.49, for a total value of $13,872,306.40. Following the transaction, the insider owned 19,827 shares in the company, valued at approximately $9,368,059.23. This represents a 59.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy L. Ladd sold 335 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $440.69, for a total value of $147,631.15. Following the completion of the transaction, the director owned 739 shares in the company, valued at approximately $325,669.91. The trade was a 31.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,224 shares of company stock worth $21,716,492 in the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Intuitive Surgical Profile

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.