Intuitive Surgical, Inc. $ISRG Shares Purchased by Capital International Inc. CA

Key Points

• Capital International Inc. CA raised its stake in Intuitive Surgical by 13.6% in Q3 to 61,917 shares (about $27.69M), and institutional investors now own roughly 83.64% of the stock with large holders like Vanguard, State Street and Norges Bank holding or increasing sizable positions.
• Intuitive Surgical beat Q4 estimates, reporting EPS of $2.53 vs. $2.27 expected and revenue of $2.87B (up 18.8% YoY); analysts maintain a consensus "Moderate Buy" with a $615.86 target while the stock trades at a ~$172.5B market cap and a P/E around 61.6.

Capital International Inc. CA lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 13.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,917 shares of the medical equipment provider's stock after purchasing an additional 7,415 shares during the quarter. Capital International Inc. CA's holdings in Intuitive Surgical were worth $27,691,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Intuitive Surgical by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 33,599,661 shares of the medical equipment provider's stock valued at $15,026,776,000 after buying an additional 263,828 shares during the period. State Street Corp increased its holdings in shares of Intuitive Surgical by 1.2% during the 2nd quarter. State Street Corp now owns 15,552,203 shares of the medical equipment provider's stock worth $8,451,223,000 after buying an additional 182,871 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Intuitive Surgical by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 8,188,685 shares of the medical equipment provider's stock valued at $4,429,590,000 after buying an additional 109,904 shares during the period. Norges Bank purchased a new stake in shares of Intuitive Surgical during the 2nd quarter valued at approximately $2,569,260,000. Finally, Invesco Ltd. lifted its holdings in Intuitive Surgical by 4.8% in the second quarter. Invesco Ltd. now owns 4,421,133 shares of the medical equipment provider's stock valued at $2,402,488,000 after acquiring an additional 201,159 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Surgical Stock Down 1.6%

Shares of NASDAQ ISRG opened at $485.85 on Wednesday. The firm has a market cap of $172.54 billion, a price-to-earnings ratio of 61.58, a PEG ratio of 3.81 and a beta of 1.66. Intuitive Surgical, Inc. has a 52-week low of $425.00 and a 52-week high of $603.88. The business's 50 day moving average is $518.26 and its two-hundred day moving average is $512.74.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last released its quarterly earnings results on Thursday, January 22nd. The medical equipment provider reported $2.53 EPS for the quarter, topping the consensus estimate of $2.27 by $0.26. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same period last year, the business posted $2.21 earnings per share. The company's quarterly revenue was up 18.8% on a year-over-year basis. Analysts anticipate that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Robert W. Baird lowered their price objective on Intuitive Surgical from $655.00 to $645.00 and set an "outperform" rating for the company in a research report on Friday, January 23rd. Barclays set a $712.00 target price on Intuitive Surgical and gave the company an "overweight" rating in a research report on Monday, January 26th. Evercore lowered their price target on Intuitive Surgical from $580.00 to $550.00 and set an "in-line" rating for the company in a report on Friday, January 23rd. Wall Street Zen downgraded Intuitive Surgical from a "buy" rating to a "hold" rating in a research report on Saturday, February 7th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Intuitive Surgical in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $615.86.

Insider Buying and Selling

In related news, EVP Myriam Curet sold 421 shares of the firm's stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $494.96, for a total transaction of $208,378.16. Following the completion of the transaction, the executive vice president directly owned 409 shares in the company, valued at $202,438.64. This trade represents a 50.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary S. Guthart sold 24,500 shares of Intuitive Surgical stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $530.10, for a total value of $12,987,450.00. Following the completion of the transaction, the director directly owned 3,694 shares of the company's stock, valued at approximately $1,958,189.40. This represents a 86.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 37,802 shares of company stock valued at $19,945,322. Corporate insiders own 0.70% of the company's stock.

Intuitive Surgical Company 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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