National Pension Service Increases Holdings in Intuitive Surgical, Inc. (ISRG)

National Pension Service boosted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 186.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 97,553 shares of the medical equipment provider’s stock after acquiring an additional 63,552 shares during the period. National Pension Service owned 0.09% of Intuitive Surgical worth $35,601,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in ISRG. Edgewood Management LLC raised its position in Intuitive Surgical by 200.7% in the third quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock worth $1,010,359,000 after acquiring an additional 1,934,382 shares during the period. Koch Industries Inc. raised its position in Intuitive Surgical by 202,917.0% in the second quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock worth $1,387,000 after acquiring an additional 1,387,952 shares during the period. FMR LLC raised its position in Intuitive Surgical by 19.6% in the second quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock worth $2,548,849,000 after acquiring an additional 447,397 shares during the period. Janus Henderson Group PLC raised its position in Intuitive Surgical by 7,931.4% in the second quarter. Janus Henderson Group PLC now owns 412,170 shares of the medical equipment provider’s stock worth $385,532,000 after acquiring an additional 407,038 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Intuitive Surgical by 289.1% in the fourth quarter. Bank of Montreal Can now owns 158,747 shares of the medical equipment provider’s stock worth $57,933,000 after purchasing an additional 117,951 shares in the last quarter. 32.82% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on ISRG shares. Wedbush reiterated an “outperform” rating and issued a $353.33 target price on shares of Intuitive Surgical in a research note on Monday, September 25th. Barclays reiterated an “overweight” rating on shares of Intuitive Surgical in a research note on Friday, October 20th. BidaskClub downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 target price for the company in a research note on Tuesday, December 12th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Intuitive Surgical in a research note on Saturday, November 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $357.44.

In related news, insider Craig H. Barratt sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $371.18, for a total transaction of $5,567,700.00. Following the completion of the transaction, the insider now owns 7,500 shares of the company’s stock, valued at $2,783,850. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Marshall Mohr sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $372.22, for a total transaction of $2,233,320.00. Following the transaction, the chief financial officer now directly owns 12,316 shares of the company’s stock, valued at approximately $4,584,261.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,944 shares of company stock valued at $21,432,971. 2.20% of the stock is owned by corporate insiders.

Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at $431.10 on Thursday. The company has a market cap of $48,300.00, a P/E ratio of 55.70, a P/E/G ratio of 5.23 and a beta of 0.47. Intuitive Surgical, Inc. has a 12 month low of $217.19 and a 12 month high of $432.23.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, beating the consensus estimate of $1.99 by $0.78. The company had revenue of $806.10 million during the quarter, compared to analysts’ expectations of $753.25 million. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. Intuitive Surgical’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.06 earnings per share. analysts predict that Intuitive Surgical, Inc. will post 7.98 earnings per share for the current fiscal year.

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About Intuitive Surgical

Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.

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

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