Twin Capital Management Inc. Invests $1.62 Million in Intuitive Surgical, Inc. $ISRG

Twin Capital Management Inc. acquired a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,628 shares of the medical equipment provider’s stock, valued at approximately $1,623,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tobam raised its position in shares of Intuitive Surgical by 666.7% during the second quarter. Tobam now owns 46 shares of the medical equipment provider’s stock worth $25,000 after acquiring an additional 40 shares during the last quarter. Kilter Group LLC acquired a new stake in shares of Intuitive Surgical in the 2nd quarter valued at about $27,000. Greykasell Wealth Strategies Inc. bought a new stake in Intuitive Surgical in the 3rd quarter valued at about $27,000. Princeton Global Asset Management LLC acquired a new position in Intuitive Surgical during the 2nd quarter worth approximately $30,000. Finally, Guerra Advisors Inc acquired a new position in Intuitive Surgical during the 3rd quarter worth approximately $37,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intuitive Surgical

In other news, EVP Brian Edward Miller sold 3,500 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $575.00, for a total value of $2,012,500.00. Following the transaction, the executive vice president owned 5,758 shares of the company’s stock, valued at approximately $3,310,850. This represents a 37.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary S. Guthart sold 24,500 shares of Intuitive Surgical stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $530.10, for a total value of $12,987,450.00. Following the sale, the director directly owned 3,694 shares of the company’s stock, valued at $1,958,189.40. This represents a 86.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 73,616 shares of company stock valued at $40,929,575. 0.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ISRG shares. Daiwa Securities Group increased their target price on Intuitive Surgical from $510.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. BTIG Research reissued a “buy” rating and set a $616.00 price objective on shares of Intuitive Surgical in a report on Friday, January 23rd. Barclays set a $712.00 target price on Intuitive Surgical and gave the company an “overweight” rating in a research report on Monday, January 26th. Robert W. Baird lowered their price target on Intuitive Surgical from $655.00 to $645.00 and set an “outperform” rating for the company in a research report on Friday, January 23rd. Finally, Zacks Research lowered shares of Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $617.23.

Intuitive Surgical Price Performance

Shares of ISRG opened at $488.15 on Friday. The firm has a market cap of $173.36 billion, a PE ratio of 61.87, a PEG ratio of 3.79 and a beta of 1.65. The stock’s fifty day moving average price is $549.63 and its two-hundred day moving average price is $510.54. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $609.08.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, January 22nd. The medical equipment provider reported $2.53 EPS for the quarter, beating the consensus estimate of $2.27 by $0.26. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.72 billion. Intuitive Surgical had a net margin of 28.38% and a return on equity of 15.06%. The company’s revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.21 earnings per share. Sell-side analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

About Intuitive Surgical

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.