Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Buys Shares of 11,464 Intuitive Surgical, Inc. $ISRG

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) during the 2nd quarter, Holdings Channel reports. The fund bought 11,464 shares of the medical equipment provider’s stock, valued at approximately $6,230,000. Intuitive Surgical accounts for approximately 2.5% of Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s portfolio, making the stock its 8th largest holding.

A number of other large investors have also made changes to their positions in ISRG. Tobam boosted its holdings in 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 buying an additional 40 shares in the last quarter. Kilter Group LLC acquired a new stake in shares of Intuitive Surgical during the 2nd quarter valued at approximately $27,000. Princeton Global Asset Management LLC acquired a new stake in shares of Intuitive Surgical in the 2nd quarter worth approximately $30,000. TD Capital Management LLC increased its stake in Intuitive Surgical by 300.0% in the 1st quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock valued at $30,000 after purchasing an additional 45 shares in the last quarter. Finally, 1248 Management LLC purchased a new position in Intuitive Surgical in the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Trading Down 1.5%

NASDAQ:ISRG opened at $566.89 on Tuesday. Intuitive Surgical, Inc. has a 12-month low of $425.00 and a 12-month high of $616.00. The firm has a market cap of $203.22 billion, a price-to-earnings ratio of 74.99, a price-to-earnings-growth ratio of 5.29 and a beta of 1.68. The company’s 50-day moving average is $521.15 and its two-hundred day moving average is $505.21.

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

Analysts Set New Price Targets

ISRG has been the topic of a number of research analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $685.00 target price on shares of Intuitive Surgical in a research report on Tuesday, October 21st. Raymond James Financial set a $603.00 price objective on shares of Intuitive Surgical and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. BTIG Research raised their target price on shares of Intuitive Surgical from $529.00 to $589.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Daiwa Capital Markets lifted their target price on shares of Intuitive Surgical from $510.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Finally, Royal Bank Of Canada set a $625.00 price target on shares of Intuitive Surgical and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $607.17.

Insider Activity

In other news, EVP Myriam Curet sold 105 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $560.00, for a total transaction of $58,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Gary S. Guthart sold 22,806 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $570.89, for a total value of $13,019,717.34. Following the completion of the transaction, the insider owned 2,694 shares of the company’s stock, valued at $1,537,977.66. The trade was a 89.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 108,939 shares of company stock valued at $60,757,995 in the last 90 days. Insiders own 0.70% of the company’s stock.

About Intuitive Surgical

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.