Lansforsakringar Fondforvaltning AB publ Acquires 2,714 Shares of Intuitive Surgical, Inc. $ISRG

Key Points

• Lansforsakringar Fondforvaltning AB publ increased its holdings in Intuitive Surgical, Inc. by acquiring 2,714 shares, bringing its total to 212,203 shares, valued at approximately $105 million.
• Notable institutional investors, including GAMMA Investing LLC and Goldman Sachs Group Inc., significantly increased their positions in Intuitive Surgical during the same quarter, reflecting strong institutional interest.
• Despite a recent stock price decrease, Intuitive Surgical reported better-than-expected earnings with a 21.4% increase in quarterly revenue compared to the previous year.

Lansforsakringar Fondforvaltning AB publ boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 212,203 shares of the medical equipment provider's stock after acquiring an additional 2,714 shares during the quarter. Intuitive Surgical accounts for about 0.6% of Lansforsakringar Fondforvaltning AB publ's investment portfolio, making the stock its 24th largest position. Lansforsakringar Fondforvaltning AB publ owned 0.06% of Intuitive Surgical worth $105,098,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ISRG. Nuveen LLC purchased a new position in shares of Intuitive Surgical in the 1st quarter worth about $1,715,899,000. GAMMA Investing LLC boosted its holdings in shares of Intuitive Surgical by 54,010.7% in the 1st quarter. GAMMA Investing LLC now owns 3,028,576 shares of the medical equipment provider's stock worth $14,999,630,000 after purchasing an additional 3,022,979 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Intuitive Surgical by 26.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,819,666 shares of the medical equipment provider's stock worth $1,396,496,000 after purchasing an additional 584,375 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Intuitive Surgical by 15.0% in the 1st quarter. Wellington Management Group LLP now owns 3,499,052 shares of the medical equipment provider's stock worth $1,732,975,000 after purchasing an additional 457,080 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Intuitive Surgical by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 32,665,531 shares of the medical equipment provider's stock worth $16,178,258,000 after purchasing an additional 453,335 shares in the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intuitive Surgical

In related news, insider Gary S. Guthart sold 7,893 shares of Intuitive Surgical stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $498.64, for a total value of $3,935,765.52. Following the completion of the sale, the insider directly owned 13,187 shares in the company, valued at approximately $6,575,565.68. This trade represents a 37.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark Brosius sold 216 shares of Intuitive Surgical stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $563.11, for a total value of $121,631.76. Following the completion of the sale, the senior vice president owned 907 shares of the company's stock, valued at $510,740.77. The trade was a 19.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,839 shares of company stock worth $7,896,972. 0.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Evercore ISI raised their price target on Intuitive Surgical from $470.00 to $550.00 and gave the stock an "in-line" rating in a research report on Tuesday, July 8th. Zacks Research lowered Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Wall Street Zen upgraded Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Erste Group Bank restated a "hold" rating on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Finally, UBS Group raised their price target on Intuitive Surgical from $547.00 to $585.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Thirteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $595.95.

Intuitive Surgical Stock Down 0.7%

Shares of ISRG stock opened at $471.15 on Thursday. The stock has a market cap of $168.90 billion, a price-to-earnings ratio of 65.71, a PEG ratio of 4.97 and a beta of 1.59. The business's fifty day moving average is $501.89 and its 200 day moving average is $519.66. Intuitive Surgical, Inc. has a twelve month low of $425.00 and a twelve month high of $616.00.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The medical equipment provider reported $2.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $0.26. The business had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.35 billion. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The firm's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 earnings per share. Equities research 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.

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