Mitsubishi UFJ Asset Management Co. Ltd. Has $444.45 Million Position in Intuitive Surgical, Inc. $ISRG

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 817,882 shares of the medical equipment provider’s stock after buying an additional 35,896 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Intuitive Surgical were worth $444,445,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. TD Capital Management LLC raised its stake 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 acquiring an additional 45 shares during the last quarter. 1248 Management LLC bought a new stake in shares of Intuitive Surgical in the first quarter worth $30,000. Princeton Global Asset Management LLC acquired a new stake in Intuitive Surgical in the second quarter valued at $30,000. Bank of Jackson Hole Trust increased its holdings in Intuitive Surgical by 70.5% in the first quarter. Bank of Jackson Hole Trust now owns 75 shares of the medical equipment provider’s stock valued at $37,000 after purchasing an additional 31 shares during the period. Finally, CBIZ Investment Advisory Services LLC raised its position in Intuitive Surgical by 49.1% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the medical equipment provider’s stock worth $41,000 after purchasing an additional 27 shares during the last quarter. 83.64% of the stock is owned by institutional investors.

Insider Activity at Intuitive Surgical

In other news, insider Gary S. Guthart sold 29,360 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $472.49, for a total transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David J. Rosa sold 24,500 shares of the stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $547.55, for a total transaction of $13,414,975.00. Following the transaction, the chief executive officer directly owned 234,256 shares in the company, valued at $128,266,872.80. This trade represents a 9.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 98,078 shares of company stock worth $51,445,892 over the last ninety days. 0.70% of the stock is owned by corporate insiders.

Intuitive Surgical Price Performance

NASDAQ ISRG opened at $560.00 on Friday. The stock has a market capitalization of $200.75 billion, a P/E ratio of 74.07, a P/E/G ratio of 4.94 and a beta of 1.62. The business has a 50 day simple moving average of $471.89 and a 200 day simple moving average of $500.87. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year high of $616.00.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ISRG shares. Robert W. Baird set a $655.00 price target on Intuitive Surgical in a research report on Wednesday, October 22nd. UBS Group set a $600.00 price objective on Intuitive Surgical and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Raymond James Financial set a $603.00 target price on Intuitive Surgical and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Evercore ISI increased their target price on shares of Intuitive Surgical from $450.00 to $540.00 in a research report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Intuitive Surgical in a report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $608.92.

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.