Intuitive Surgical, Inc. (ISRG) Shares Bought by Barings LLC

Barings LLC increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 372.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,898 shares of the medical equipment provider’s stock after buying an additional 3,862 shares during the quarter. Barings LLC’s holdings in Intuitive Surgical were worth $1,787,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Edgewood Management LLC lifted its position in Intuitive Surgical by 200.7% during 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 buying an additional 1,934,382 shares in the last quarter. American Century Companies Inc. lifted its position in Intuitive Surgical by 162.2% during the fourth quarter. American Century Companies Inc. now owns 1,426,348 shares of the medical equipment provider’s stock worth $520,531,000 after buying an additional 882,255 shares in the last quarter. Janus Henderson Group PLC lifted its position in Intuitive Surgical by 42.0% during the third quarter. Janus Henderson Group PLC now owns 585,196 shares of the medical equipment provider’s stock worth $612,042,000 after buying an additional 173,026 shares in the last quarter. Swiss National Bank lifted its position in Intuitive Surgical by 158.5% during the fourth quarter. Swiss National Bank now owns 538,646 shares of the medical equipment provider’s stock worth $196,573,000 after buying an additional 330,264 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. lifted its position in Intuitive Surgical by 677.9% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 442,160 shares of the medical equipment provider’s stock worth $161,361,000 after buying an additional 385,322 shares in the last quarter. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Shares of Intuitive Surgical, Inc. (ISRG) opened at $415.98 on Monday. Intuitive Surgical, Inc. has a 1 year low of $239.21 and a 1 year high of $452.00. The company has a market capitalization of $46,710.00, a price-to-earnings ratio of 73.24, a price-to-earnings-growth ratio of 4.90 and a beta of 0.50.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 EPS for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.27. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The company had revenue of $892.40 million for the quarter, compared to the consensus estimate of $866.54 million. During the same quarter in the previous year, the business earned $2.03 earnings per share. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. analysts forecast that Intuitive Surgical, Inc. will post 7.93 earnings per share for the current fiscal year.

ISRG has been the topic of a number of analyst reports. Vetr upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $434.75 price objective on the stock in a research report on Monday, January 8th. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $418.00 price objective on the stock in a research report on Wednesday, October 25th. BidaskClub downgraded Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Goldman Sachs Group reiterated a “buy” rating on shares of Intuitive Surgical in a research report on Saturday, November 18th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $480.00 price objective (up previously from $400.00) on shares of Intuitive Surgical in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $408.48.

In related news, EVP Curet Myriam sold 262 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $431.50, for a total value of $113,053.00. Following the sale, the executive vice president now owns 2,152 shares in the company, valued at approximately $928,588. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary S. Guthart sold 7,724 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $414.50, for a total value of $3,201,598.00. Following the completion of the sale, the chief executive officer now owns 275,220 shares in the company, valued at approximately $114,078,690. The disclosure for this sale can be found here. Insiders sold 85,016 shares of company stock worth $35,133,026 in the last 90 days. Company insiders own 2.20% of the company’s stock.

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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.

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

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