2,439 Shares in Intuitive Surgical, Inc. $ISRG Bought by SBI Okasan Asset Management Co.Ltd.

Key Points

• SBI Okasan Asset Management opened a new position in Intuitive Surgical during the fourth quarter, buying 2,439 shares valued at about $1.4 million.
• Institutional interest remains strong overall, with hedge funds and other investors owning 83.64% of the stock, even as some insiders have recently sold shares under pre-arranged trading plans.
• Intuitive Surgical continues to show solid operating momentum, reporting Q1 EPS of $2.50 and revenue of $2.77 billion, both above expectations, while analysts still rate the stock a Moderate Buy.

SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,439 shares of the medical equipment provider's stock, valued at approximately $1,403,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Draper Asset Management LLC raised its stake in Intuitive Surgical by 41.9% during the fourth quarter. Draper Asset Management LLC now owns 5,029 shares of the medical equipment provider's stock worth $2,848,000 after acquiring an additional 1,485 shares during the period. Atlantic Union Bankshares Corp raised its stake in Intuitive Surgical by 19.3% during the third quarter. Atlantic Union Bankshares Corp now owns 22,759 shares of the medical equipment provider's stock worth $10,179,000 after acquiring an additional 3,676 shares during the period. Valley Wealth Managers Inc. raised its stake in Intuitive Surgical by 52.7% during the third quarter. Valley Wealth Managers Inc. now owns 4,084 shares of the medical equipment provider's stock worth $1,826,000 after acquiring an additional 1,409 shares during the period. AGF Management Ltd. raised its stake in Intuitive Surgical by 0.6% during the third quarter. AGF Management Ltd. now owns 464,179 shares of the medical equipment provider's stock worth $207,595,000 after acquiring an additional 2,575 shares during the period. Finally, AE Wealth Management LLC raised its stake in Intuitive Surgical by 18.9% during the third quarter. AE Wealth Management LLC now owns 11,556 shares of the medical equipment provider's stock worth $5,168,000 after acquiring an additional 1,836 shares during the period. 83.64% of the stock is owned by hedge funds and other institutional investors.

Intuitive Surgical News Summary

Here are the key news stories impacting Intuitive Surgical this week:

• Positive Sentiment: Intuitive Surgical announced Taylor Patton will become Chief Commercial and Marketing Officer effective July 1, while current commercial chief Henry Charlton moves to SVP of Global Business Operations. The change appears to be an internal promotion, suggesting leadership continuity rather than disruption. Article Title
• Positive Sentiment: The company has also highlighted major updates to its da Vinci 5 robotic surgical system, with more than 100 improvements set to roll out to U.S. customers starting in June. Investors may view that as a sign of continued innovation and potential to support procedure growth. Article Title
• Positive Sentiment: Recent commentary from market and research outlets has remained favorable, with articles arguing that Intuitive Surgical’s above-average financial growth and optimistic analyst outlook could make the stock attractive to growth investors. Article Title
• Neutral Sentiment: A market note said Intuitive Surgical underperformed competitors on Wednesday, but the item did not point to a company-specific setback or new fundamental issue. Article Title

Insider Buying and Selling at Intuitive Surgical

In related news, EVP Gary Loeb sold 400 shares of the firm's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $446.95, for a total transaction of $178,780.00. Following the completion of the sale, the executive vice president directly owned 6,120 shares in the company, valued at approximately $2,735,334. This trade represents a 6.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Amy L. Ladd sold 119 shares of the firm's stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $463.50, for a total transaction of $55,156.50. Following the completion of the transaction, the director directly owned 120 shares of the company's stock, valued at $55,620. This represents a 49.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 5,481 shares of company stock valued at $2,673,871. 0.60% of the stock is currently owned by corporate insiders.

Intuitive Surgical Trading Up 1.2%

Shares of NASDAQ:ISRG opened at $423.63 on Friday. The firm's 50 day moving average is $454.60 and its two-hundred day moving average is $507.01. Intuitive Surgical, Inc. has a 52 week low of $414.30 and a 52 week high of $603.88. The firm has a market capitalization of $150.03 billion, a P/E ratio of 51.35, a PEG ratio of 3.34 and a beta of 1.51.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its earnings results 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 firm had revenue of $2.77 billion during 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% compared to the same quarter last year. During the same period last year, the firm posted $1.81 earnings per share. Analysts predict that Intuitive Surgical, Inc. will post 8.57 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ISRG shares. Truist Financial dropped their price objective on shares of Intuitive Surgical from $650.00 to $580.00 and set a "buy" rating on the stock in a research note on Wednesday, April 15th. HSBC dropped their price target on shares of Intuitive Surgical from $653.00 to $604.00 and set a "buy" rating on the stock in a research note on Wednesday, April 22nd. Bank of America dropped their price target on shares of Intuitive Surgical from $650.00 to $520.00 and set a "buy" rating on the stock in a research note on Monday, May 18th. Argus dropped their price target on shares of Intuitive Surgical from $630.00 to $560.00 and set a "buy" rating on the stock in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group set a $558.00 price target on shares of Intuitive Surgical in a research note on Wednesday. Nineteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Intuitive Surgical presently has a consensus rating of "Moderate Buy" and an average price target of $576.71.

About Intuitive Surgical

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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