Intuitive Surgical, Inc. $ISRG Shares Purchased by PKO Investment Management Joint Stock Co

Key Points

• PKO Investment Management Joint Stock Co increased its stake in Intuitive Surgical by 149.1%, holding 24,905 shares valued at approximately $13.5 million, making it the 17th largest position in their portfolio.
• Intuitive Surgical recently reported quarterly earnings of $2.40 EPS, significantly exceeding analyst estimates, with a total revenue of $2.51 billion, showing a year-over-year increase of 22.9%.
• Analysts remain generally positive on Intuitive Surgical, with a consensus rating of Moderate Buy and an average target price of $602.32, despite recent mixed ratings changes from different financial institutions.

PKO Investment Management Joint Stock Co grew its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 149.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,905 shares of the medical equipment provider's stock after buying an additional 14,905 shares during the period. Intuitive Surgical comprises 1.5% of PKO Investment Management Joint Stock Co's portfolio, making the stock its 17th largest position. PKO Investment Management Joint Stock Co's holdings in Intuitive Surgical were worth $13,534,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in Intuitive Surgical by 24.9% during the 4th 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 during the period. GAMMA Investing LLC raised its stake in shares of Intuitive Surgical by 9.3% in the 1st quarter. GAMMA Investing LLC now owns 6,115 shares of the medical equipment provider's stock worth $3,029,000 after buying an additional 518 shares in the last quarter. Perigon Wealth Management LLC raised its stake in shares of Intuitive Surgical by 56.0% in the 1st quarter. Perigon Wealth Management LLC now owns 9,053 shares of the medical equipment provider's stock worth $4,484,000 after buying an additional 3,249 shares in the last quarter. Pure Financial Advisors LLC raised its position in shares of Intuitive Surgical by 34.5% during the first quarter. Pure Financial Advisors LLC now owns 2,024 shares of the medical equipment provider's stock worth $1,002,000 after purchasing an additional 519 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in shares of Intuitive Surgical by 0.3% during the first quarter. Sequoia Financial Advisors LLC now owns 8,587 shares of the medical equipment provider's stock worth $4,253,000 after purchasing an additional 27 shares during the period. Institutional investors own 83.64% of the company's stock.

Analyst Ratings Changes

ISRG has been the topic of several recent analyst reports. Truist Financial set a $620.00 price target on Intuitive Surgical and gave the company a "buy" rating in a research report on Wednesday. Zacks Research downgraded Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Sanford C. Bernstein reiterated an "outperform" rating and set a $685.00 price target on shares of Intuitive Surgical in a research note on Tuesday. HSBC increased their target price on Intuitive Surgical from $595.00 to $644.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Piper Sandler upped their price target on Intuitive Surgical from $595.00 to $610.00 and gave the company an "overweight" rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nineteen have issued 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, Intuitive Surgical presently has a consensus rating of "Moderate Buy" and an average target price of $602.32.

Intuitive Surgical Price Performance

NASDAQ ISRG opened at $546.51 on Friday. The firm has a market cap of $195.91 billion, a PE ratio of 72.29, a price-to-earnings-growth ratio of 5.50 and a beta of 1.61. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year high of $616.00. The stock's 50 day simple moving average is $458.09 and its 200 day simple moving average is $497.02.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The medical equipment provider reported $2.40 EPS for the quarter, beating analysts' consensus estimates of $1.99 by $0.41. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.41 billion. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The business's quarterly revenue was up 22.9% compared to the same quarter last year. During the same period last year, the company earned $1.84 EPS. As a group, equities analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Insider Activity at Intuitive Surgical

In related news, insider Gary S. Guthart sold 29,360 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $472.49, for a total transaction of $13,872,306.40. Following the completion of the transaction, the insider directly owned 19,827 shares of the company's stock, valued at approximately $9,368,059.23. This represents a 59.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Amy L. Ladd sold 336 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $470.11, for a total value of $157,956.96. Following the completion of the sale, the director directly owned 1,074 shares of the company's stock, valued at approximately $504,898.14. The trade was a 23.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,724 shares of company stock valued at $19,500,332 over the last three months. Insiders own 0.70% of the company's stock.

Intuitive Surgical Profile

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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