Czech National Bank Has $40.57 Million Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Czech National Bank grew its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 6.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,918 shares of the medical equipment provider's stock after purchasing an additional 4,691 shares during the period. Czech National Bank's holdings in Intuitive Surgical were worth $40,572,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Atala Financial Inc purchased a new stake in Intuitive Surgical during the 4th quarter worth approximately $25,000. Parvin Asset Management LLC purchased a new stake in Intuitive Surgical during the 4th quarter worth approximately $26,000. Global Financial Private Client LLC increased its holdings in Intuitive Surgical by 253.3% during the 1st quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock worth $26,000 after purchasing an additional 38 shares during the last quarter. BankPlus Trust Department purchased a new stake in Intuitive Surgical during the 4th quarter worth approximately $28,000. Finally, Hurley Capital LLC purchased a new stake in Intuitive Surgical during the 4th quarter worth approximately $28,000. 83.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ISRG. Citigroup reiterated a "buy" rating and issued a $650.00 price target (up from $590.00) on shares of Intuitive Surgical in a report on Thursday, May 22nd. Piper Sandler dropped their price objective on shares of Intuitive Surgical from $670.00 to $575.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. BTIG Research set a $560.00 price objective on Intuitive Surgical and gave the stock a "buy" rating in a research report on Monday, April 14th. Evercore ISI cut their target price on Intuitive Surgical from $510.00 to $470.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Finally, Royal Bank of Canada decreased their price target on Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Intuitive Surgical presently has a consensus rating of "Moderate Buy" and an average price target of $596.05.

Insider Transactions at Intuitive Surgical

In related news, EVP Brian Edward Miller sold 8,900 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $485.07, for a total transaction of $4,317,123.00. Following the completion of the sale, the executive vice president now directly owns 5,758 shares of the company's stock, valued at $2,793,033.06. This trade represents a 60.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Robert Desantis sold 11,545 shares of Intuitive Surgical stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $499.22, for a total value of $5,763,494.90. Following the completion of the sale, the executive vice president now directly owns 5,224 shares of the company's stock, valued at $2,607,925.28. This trade represents a 68.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,778 shares of company stock worth $12,867,197. 0.70% of the stock is owned by corporate insiders.

Intuitive Surgical Trading Down 0.3%

ISRG stock traded down $1.44 during mid-day trading on Tuesday, hitting $551.85. The stock had a trading volume of 1,713,548 shares, compared to its average volume of 1,647,416. Intuitive Surgical, Inc. has a 1-year low of $397.47 and a 1-year high of $616.00. The company has a fifty day moving average of $517.32 and a 200 day moving average of $538.73. The stock has a market capitalization of $197.79 billion, a price-to-earnings ratio of 86.09, a PEG ratio of 5.85 and a beta of 1.70.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.10. Intuitive Surgical had a return on equity of 14.55% and a net margin of 27.81%. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the firm posted $1.50 EPS. As a group, sell-side analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

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.