E. Ohman J or Asset Management AB Grows Position in Intuitive Surgical, Inc. $ISRG

Key Points

• E. Ohman Jor Asset Management AB increased its Intuitive Surgical position by 20.7% in the second quarter, purchasing 4,479 additional shares and bringing its holdings to 26,069 shares worth approximately $10.4 million. Institutional investors collectively own 83.64% of ISRG.
• Analysts maintain a generally positive outlook, with 20 Buy ratings, eight Holds and one Sell. The stock has a “Moderate Buy” consensus rating and an average price target of $509.02, although some analysts recently lowered their targets.
• Intuitive Surgical reported quarterly earnings of $2.80 per share, beating estimates of $2.48, while revenue rose 18.4% year over year to $2.89 billion. Shares recently opened at $393.38, well below their 52-week high of $603.88.

E. Ohman J or Asset Management AB grew its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 20.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,069 shares of the medical equipment provider's stock after buying an additional 4,479 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Intuitive Surgical were worth $10,367,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of ISRG. Prosperity Consulting Group LLC lifted its holdings in Intuitive Surgical by 0.5% during the 3rd quarter. Prosperity Consulting Group LLC now owns 4,033 shares of the medical equipment provider's stock valued at $1,804,000 after buying an additional 19 shares in the last quarter. WoodTrust Financial Corp lifted its stake in shares of Intuitive Surgical by 0.5% during the fourth quarter. WoodTrust Financial Corp now owns 4,180 shares of the medical equipment provider's stock worth $2,367,000 after buying an additional 20 shares during the period. North Star Investment Management Corp. raised its stake in shares of Intuitive Surgical by 8.5% in the fourth quarter. North Star Investment Management Corp. now owns 269 shares of the medical equipment provider's stock worth $152,000 after purchasing an additional 21 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in Intuitive Surgical by 11.5% during the 4th quarter. Cornerstone Planning Group LLC now owns 203 shares of the medical equipment provider's stock valued at $106,000 after acquiring an additional 21 shares during the period. Finally, Valeo Financial Advisors LLC boosted its holdings in Intuitive Surgical by 0.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 4,941 shares of the medical equipment provider's stock valued at $2,798,000 after purchasing an additional 21 shares during the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on ISRG shares. Truist Financial reduced their price target on shares of Intuitive Surgical from $580.00 to $510.00 and set a "buy" rating for the company in a research report on Thursday, July 16th. BNP Paribas Exane upgraded shares of Intuitive Surgical to an "outperform" rating in a report on Tuesday, July 28th. Piper Sandler set a $357.44 price objective on Intuitive Surgical in a research report on Monday, July 27th. Wall Street Zen raised Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Saturday, June 13th. Finally, Mizuho set a $500.00 price objective on shares of Intuitive Surgical and gave the company a "neutral" rating in a research note on Wednesday, July 15th. Twenty analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $509.02.

Insider Transactions at Intuitive Surgical

In related news, EVP Gary Loeb sold 400 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $379.00, for a total transaction of $151,600.00. Following the completion of the transaction, the executive vice president owned 5,320 shares of the company's stock, valued at $2,016,280. This trade represents a 6.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Iman Jeddi sold 5,625 shares of the company's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $420.55, for a total value of $2,365,593.75. Following the completion of the transaction, the senior vice president directly owned 6,463 shares in the company, valued at $2,718,014.65. This represents a 46.53% 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. Insiders sold a total of 6,634 shares of company stock valued at $2,769,615 in the last quarter. 0.60% of the stock is currently owned by insiders.

Intuitive Surgical Stock Performance

Shares of NASDAQ:ISRG opened at $393.38 on Tuesday. The stock has a market cap of $138.97 billion, a PE ratio of 45.06, a price-to-earnings-growth ratio of 2.74 and a beta of 1.47. Intuitive Surgical, Inc. has a one year low of $328.57 and a one year high of $603.88. The business's fifty day moving average price is $392.49 and its two-hundred day moving average price is $444.21.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its quarterly earnings results on Thursday, July 16th. The medical equipment provider reported $2.80 EPS for the quarter, topping the consensus estimate of $2.48 by $0.32. Intuitive Surgical had a net margin of 28.45% and a return on equity of 16.91%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the business posted $1.81 earnings per share. Intuitive Surgical's revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, equities research analysts predict that Intuitive Surgical, Inc. will post 8.87 earnings per share for the current fiscal year.

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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