Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by Rhenman & Partners Asset Management AB

Rhenman & Partners Asset Management AB lowered its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGFree Report) by 5.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 63,500 shares of the medical equipment provider’s stock after selling 4,000 shares during the quarter. Intuitive Surgical comprises about 2.1% of Rhenman & Partners Asset Management AB’s portfolio, making the stock its 14th largest position. Rhenman & Partners Asset Management AB’s holdings in Intuitive Surgical were worth $21,422,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its position in Intuitive Surgical by 0.3% during the 4th quarter. CIBC Asset Management Inc now owns 190,471 shares of the medical equipment provider’s stock worth $64,257,000 after acquiring an additional 628 shares during the period. NEOS Investment Management LLC boosted its stake in shares of Intuitive Surgical by 5.3% in the fourth quarter. NEOS Investment Management LLC now owns 16,618 shares of the medical equipment provider’s stock worth $5,606,000 after buying an additional 843 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Intuitive Surgical by 36.7% in the fourth quarter. CWA Asset Management Group LLC now owns 1,991 shares of the medical equipment provider’s stock worth $672,000 after buying an additional 534 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Intuitive Surgical by 3.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 483,940 shares of the medical equipment provider’s stock worth $163,263,000 after buying an additional 14,904 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Intuitive Surgical by 1,100.0% during the fourth quarter. Jones Financial Companies Lllp now owns 432 shares of the medical equipment provider’s stock worth $146,000 after purchasing an additional 396 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insider Activity at Intuitive Surgical

In related news, EVP Robert Desantis sold 584 shares of Intuitive Surgical stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $404.41, for a total value of $236,175.44. Following the completion of the transaction, the executive vice president now directly owns 5,506 shares in the company, valued at $2,226,681.46. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Intuitive Surgical news, EVP Robert Desantis sold 584 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $404.41, for a total value of $236,175.44. Following the sale, the executive vice president now directly owns 5,506 shares in the company, valued at $2,226,681.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Craig H. Barratt sold 2,496 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $402.89, for a total value of $1,005,613.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,779 shares of company stock worth $15,862,204. Company insiders own 0.80% of the company’s stock.

Intuitive Surgical Stock Performance

Shares of ISRG traded up $2.75 during midday trading on Tuesday, hitting $406.61. 922,490 shares of the stock were exchanged, compared to its average volume of 1,519,763. Intuitive Surgical, Inc. has a 52-week low of $254.85 and a 52-week high of $412.29. The stock has a fifty day simple moving average of $387.70 and a 200 day simple moving average of $368.13. The firm has a market cap of $144.22 billion, a P/E ratio of 72.90, a P/E/G ratio of 5.19 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last released its earnings results on Thursday, April 18th. The medical equipment provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.10. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. Intuitive Surgical had a return on equity of 12.91% and a net margin of 27.16%. Intuitive Surgical’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $1.00 earnings per share. As a group, equities research analysts forecast that Intuitive Surgical, Inc. will post 4.8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on ISRG. Stifel Nicolaus increased their target price on Intuitive Surgical from $420.00 to $430.00 and gave the company a “buy” rating in a report on Monday, April 8th. Robert W. Baird reduced their target price on Intuitive Surgical from $440.00 to $436.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Piper Sandler increased their target price on Intuitive Surgical from $425.00 to $435.00 and gave the company an “overweight” rating in a report on Friday, April 19th. BTIG Research increased their price target on Intuitive Surgical from $412.00 to $421.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Jefferies Financial Group increased their price target on Intuitive Surgical from $365.00 to $375.00 and gave the company a “hold” rating in a report on Friday, April 19th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Intuitive Surgical presently has an average rating of “Moderate Buy” and an average target price of $403.67.

Get Our Latest Research Report on ISRG

Intuitive Surgical Company Profile

(Free Report)

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.

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

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