ASR Vermogensbeheer N.V. Grows Position in Intuitive Surgical, Inc. $ISRG

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Intuitive Surgical by 11% in Q4, owning 31,397 shares worth about $17.78 million after purchasing an additional 3,102 shares.
• Intuitive Surgical beat expectations with quarterly EPS of $2.50 (consensus $2.08) and revenue of $2.77 billion (consensus $2.62B), with revenue up 23% year‑over‑year.
• Analysts hold a consensus rating of “Moderate Buy” and a consensus target of $581.91, though recent broker targets vary roughly from $515 to $651 after several revisions.

ASR Vermogensbeheer N.V. boosted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,397 shares of the medical equipment provider's stock after purchasing an additional 3,102 shares during the period. ASR Vermogensbeheer N.V.'s holdings in Intuitive Surgical were worth $17,782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ISRG. Draper Asset Management LLC increased its holdings in shares of Intuitive Surgical by 41.9% in the fourth quarter. Draper Asset Management LLC now owns 5,029 shares of the medical equipment provider's stock worth $2,848,000 after purchasing an additional 1,485 shares during the last quarter. Atlantic Union Bankshares Corp increased its holdings in shares of Intuitive Surgical by 19.3% in the third quarter. Atlantic Union Bankshares Corp now owns 22,759 shares of the medical equipment provider's stock worth $10,179,000 after purchasing an additional 3,676 shares during the last quarter. Valley Wealth Managers Inc. increased its holdings in shares of Intuitive Surgical by 52.7% in the third quarter. Valley Wealth Managers Inc. now owns 4,084 shares of the medical equipment provider's stock worth $1,826,000 after purchasing an additional 1,409 shares during the last quarter. AGF Management Ltd. increased its holdings in shares of Intuitive Surgical by 0.6% in the third quarter. AGF Management Ltd. now owns 464,179 shares of the medical equipment provider's stock worth $207,595,000 after purchasing an additional 2,575 shares during the last quarter. Finally, AE Wealth Management LLC increased its holdings in shares of Intuitive Surgical by 18.9% in the third quarter. AE Wealth Management LLC now owns 11,556 shares of the medical equipment provider's stock worth $5,168,000 after purchasing an additional 1,836 shares during the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ISRG. Citigroup raised Intuitive Surgical from a "neutral" rating to a "buy" rating and set a $590.00 target price on the stock in a report on Wednesday, March 11th. Jefferies Financial Group reduced their target price on Intuitive Surgical from $560.00 to $515.00 and set a "hold" rating on the stock in a report on Wednesday, April 22nd. Leerink Partners reduced their target price on Intuitive Surgical from $622.00 to $573.00 and set an "outperform" rating on the stock in a report on Wednesday, April 22nd. Barclays set a $651.00 target price on Intuitive Surgical and gave the stock an "overweight" rating in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. reduced their target price on Intuitive Surgical from $625.00 to $550.00 and set an "overweight" rating on the stock in a report on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Intuitive Surgical has a consensus rating of "Moderate Buy" and a consensus target price of $581.91.

Insider Activity

In other news, SVP Patricia L. Wadors sold 220 shares of the company's stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $499.71, for a total transaction of $109,936.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Myriam Curet sold 421 shares of the company's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $494.96, for a total value of $208,378.16. Following the transaction, the executive vice president directly owned 409 shares in the company, valued at approximately $202,438.64. This represents a 50.72% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 5,906 shares of company stock valued at $2,907,726. 0.60% of the stock is currently owned by corporate insiders.

Intuitive Surgical Stock Up 0.4%

Shares of ISRG opened at $453.49 on Friday. The company has a market cap of $160.61 billion, a PE ratio of 54.97, a P/E/G ratio of 3.61 and a beta of 1.51. The business has a fifty day moving average of $472.19 and a 200 day moving average of $517.39. Intuitive Surgical, Inc. has a 52-week low of $427.84 and a 52-week high of $603.88.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The medical equipment provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.42. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.62 billion. Intuitive Surgical had a return on equity of 15.98% and a net margin of 28.15%.Intuitive Surgical's revenue was up 23.0% on a year-over-year basis. During the same period last year, the company earned $1.81 earnings per share. As a group, research analysts anticipate that Intuitive Surgical, Inc. will post 8.57 earnings per share for the current fiscal year.

Intuitive Surgical Profile

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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