Intuitive Surgical, Inc. $ISRG Shares Acquired by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan grew its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRGFree Report) by 10.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,576 shares of the medical equipment provider’s stock after purchasing an additional 2,150 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Intuitive Surgical were worth $12,786,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Newbridge Financial Services Group Inc. lifted its holdings in Intuitive Surgical by 300.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 44 shares of the medical equipment provider’s stock worth $25,000 after buying an additional 33 shares in the last quarter. Holos Integrated Wealth LLC purchased a new position in Intuitive Surgical in the 4th quarter valued at approximately $25,000. Olistico Wealth LLC acquired a new position in shares of Intuitive Surgical in the fourth quarter worth $28,000. Laurel Wealth Advisors LLC acquired a new position in shares of Intuitive Surgical in the fourth quarter worth $31,000. Finally, Turning Point Benefit Group Inc. increased its position in shares of Intuitive Surgical by 833.3% during the fourth quarter. Turning Point Benefit Group Inc. now owns 56 shares of the medical equipment provider’s stock worth $32,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ISRG shares. Barclays set a $651.00 target price on Intuitive Surgical and gave the company an “overweight” rating in a report on Thursday, April 23rd. Robert W. Baird upped their price target on Intuitive Surgical from $575.00 to $610.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. reduced their price target on Intuitive Surgical from $625.00 to $550.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. UBS Group cut their target price on shares of Intuitive Surgical from $570.00 to $550.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. Finally, Leerink Partners reduced their target price on shares of Intuitive Surgical from $622.00 to $573.00 and set an “outperform” rating on the stock in a report on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $581.91.

Check Out Our Latest Report on Intuitive Surgical

Insider Transactions at Intuitive Surgical

In other Intuitive Surgical news, Director Amy L. Ladd sold 500 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $473.46, for a total transaction of $236,730.00. Following the transaction, the director owned 239 shares of the company’s stock, valued at approximately $113,156.94. This trade represents a 67.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Patricia L. Wadors sold 220 shares of Intuitive Surgical stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $499.71, for a total value of $109,936.20. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 5,647 shares of company stock worth $2,760,359. Insiders own 0.60% of the company’s stock.

Trending Headlines about Intuitive Surgical

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Intuitive Surgical Stock Down 1.6%

Shares of ISRG opened at $421.12 on Friday. The stock has a 50 day moving average price of $463.63 and a 200 day moving average price of $514.04. The company has a market capitalization of $149.14 billion, a price-to-earnings ratio of 51.04, a price-to-earnings-growth ratio of 3.36 and a beta of 1.51. Intuitive Surgical, Inc. has a 52-week low of $417.74 and a 52-week high of $603.88.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last released its quarterly earnings data on Tuesday, April 21st. The medical equipment provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.42. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Intuitive Surgical had a net margin of 28.15% and a return on equity of 15.98%. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter last year, the company earned $1.81 earnings per share. On average, equities analysts anticipate that Intuitive Surgical, Inc. will post 8.57 EPS for the current fiscal year.

Intuitive Surgical Profile

(Free Report)

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.

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

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