DekaBank Deutsche Girozentrale Buys 19,469 Shares of Intuitive Surgical, Inc. $ISRG

Key Points

• DekaBank Deutsche Girozentrale increased its stake in Intuitive Surgical, Inc. by 2.8%, acquiring an additional 19,469 shares to hold a total of 703,054 shares, valued at approximately $375 million.
• Multiple hedge funds, including Brighton Jones LLC and GAMMA Investing LLC, have increased their stakes in Intuitive Surgical, illustrating growing institutional interest, with 83.64% of the stock owned by institutional investors.
• In recent insider transactions, executives sold a combined total of 45,224 shares valued at approximately $21.7 million, with significant decreases in their positions reported by the company's higher management.

DekaBank Deutsche Girozentrale raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 703,054 shares of the medical equipment provider's stock after purchasing an additional 19,469 shares during the quarter. Intuitive Surgical makes up about 0.7% of DekaBank Deutsche Girozentrale's portfolio, making the stock its 24th biggest holding. DekaBank Deutsche Girozentrale owned 0.20% of Intuitive Surgical worth $375,106,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of ISRG. Brighton Jones LLC grew its stake in Intuitive Surgical by 24.9% in the fourth quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider's stock valued at $1,916,000 after purchasing an additional 731 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Intuitive Surgical by 9.3% during the 1st quarter. GAMMA Investing LLC now owns 6,115 shares of the medical equipment provider's stock worth $3,029,000 after acquiring an additional 518 shares during the period. ORG Partners LLC boosted its stake in shares of Intuitive Surgical by 22.3% during the 1st quarter. ORG Partners LLC now owns 357 shares of the medical equipment provider's stock worth $177,000 after acquiring an additional 65 shares during the period. PFG Investments LLC boosted its holdings in shares of Intuitive Surgical by 22.2% during the first quarter. PFG Investments LLC now owns 4,798 shares of the medical equipment provider's stock worth $2,376,000 after acquiring an additional 873 shares during the period. Finally, Inlight Wealth Management LLC bought a new stake in shares of Intuitive Surgical during the first quarter worth approximately $111,000. 83.64% of the stock is currently owned by institutional investors.

Insider Transactions at Intuitive Surgical

In other news, EVP Myriam Curet sold 4,500 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $492.48, for a total transaction of $2,216,160.00. Following the completion of the transaction, the executive vice president owned 353 shares of the company's stock, valued at approximately $173,845.44. The trade was a 92.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary S. Guthart sold 29,360 shares of the business's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $472.49, for a total value of $13,872,306.40. Following the transaction, the insider directly owned 19,827 shares of the company's stock, valued at $9,368,059.23. This trade represents a 59.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,224 shares of company stock valued at $21,716,492. Corporate insiders own 0.70% of the company's stock.

Intuitive Surgical Price Performance

Shares of NASDAQ ISRG opened at $446.13 on Monday. The stock has a market capitalization of $159.93 billion, a PE ratio of 62.22, a P/E/G ratio of 4.69 and a beta of 1.61. The business has a fifty day moving average price of $454.97 and a two-hundred day moving average price of $495.76. Intuitive Surgical, Inc. has a fifty-two week low of $425.00 and a fifty-two week high of $616.00.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $0.26. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The company had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.35 billion. During the same quarter in the previous year, the firm earned $1.78 EPS. Intuitive Surgical's revenue was up 21.4% on a year-over-year basis. On average, equities analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on ISRG. Evercore ISI reduced their price target on Intuitive Surgical from $535.00 to $450.00 and set an "in-line" rating for the company in a research note on Tuesday, October 7th. UBS Group set a $529.00 price target on Intuitive Surgical in a research note on Monday, October 13th. Zacks Research downgraded Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Wall Street Zen downgraded Intuitive Surgical from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Truist Financial reduced their price target on Intuitive Surgical from $600.00 to $525.00 and set a "buy" rating for the company in a research note on Wednesday, October 15th. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $580.29.

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.

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