Mitsubishi UFJ Asset Management UK Ltd. Sells 3,900 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Key Points

• Mitsubishi UFJ Asset Management UK Ltd. reduced its holdings in Intuitive Surgical, Inc. by 66.1%, selling 3,900 shares to hold a total of 2,000 shares valued at $991,000.
• Intuitive Surgical reported $2.44 billion in revenue for the last quarter, exceeding expectations and reflecting a 21.4% increase from the previous year.
• Insider trading activity saw Gary S. Guthart selling 7,893 shares for approximately $3.94 million, indicating a 37.44% decrease in his position within the company.

Mitsubishi UFJ Asset Management UK Ltd. cut its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 66.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,000 shares of the medical equipment provider's stock after selling 3,900 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.'s holdings in Intuitive Surgical were worth $991,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Castleark Management LLC grew its stake in shares of Intuitive Surgical by 3.4% during the 4th quarter. Castleark Management LLC now owns 90,469 shares of the medical equipment provider's stock valued at $47,221,000 after acquiring an additional 2,990 shares during the period. Arlington Trust Co LLC raised its stake in Intuitive Surgical by 34.5% during the 1st quarter. Arlington Trust Co LLC now owns 745 shares of the medical equipment provider's stock valued at $369,000 after purchasing an additional 191 shares during the period. Aveo Capital Partners LLC raised its stake in Intuitive Surgical by 37.4% during the 1st quarter. Aveo Capital Partners LLC now owns 727 shares of the medical equipment provider's stock valued at $390,000 after purchasing an additional 198 shares during the period. Aaron Wealth Advisors LLC raised its stake in Intuitive Surgical by 3.2% during the 1st quarter. Aaron Wealth Advisors LLC now owns 2,509 shares of the medical equipment provider's stock valued at $1,243,000 after purchasing an additional 78 shares during the period. Finally, Longbow Finance SA raised its stake in Intuitive Surgical by 132.0% during the 1st quarter. Longbow Finance SA now owns 19,699 shares of the medical equipment provider's stock valued at $9,756,000 after purchasing an additional 11,209 shares during the period. 83.64% of the stock is currently owned by institutional investors.

Intuitive Surgical Stock Performance

NASDAQ ISRG opened at $482.35 on Thursday. The company has a market cap of $172.91 billion, a P/E ratio of 67.27, a P/E/G ratio of 5.01 and a beta of 1.59. The business's 50 day moving average price is $511.91 and its 200-day moving average price is $526.80. Intuitive Surgical, Inc. has a fifty-two week low of $425.00 and a fifty-two week high of $616.00.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted 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. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%. The company had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.35 billion. During the same quarter in the previous year, the business earned $1.78 EPS. Intuitive Surgical's revenue was up 21.4% compared to the same quarter last year. As a group, equities analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Analyst Ratings Changes

ISRG has been the topic of several recent analyst reports. Erste Group Bank reissued a "hold" rating on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. Wall Street Zen raised Intuitive Surgical from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Deutsche Bank Aktiengesellschaft downgraded Intuitive Surgical from a "hold" rating to a "sell" rating and decreased their target price for the company from $515.00 to $440.00 in a research note on Monday, June 9th. BTIG Research lifted their target price on Intuitive Surgical from $566.00 to $571.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Robert W. Baird reduced their price objective on Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $595.95.

Insider Activity at Intuitive Surgical

In related news, insider Gary S. Guthart sold 7,893 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $498.64, for a total transaction of $3,935,765.52. Following the completion of the transaction, the insider owned 13,187 shares in the company, valued at $6,575,565.68. The trade was a 37.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark Brosius sold 216 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $563.11, for a total transaction of $121,631.76. Following the transaction, the senior vice president owned 907 shares in the company, valued at approximately $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. Insiders sold a total of 15,859 shares of company stock worth $7,908,248 in the last quarter. 0.70% of the stock is owned by company insiders.

Intuitive Surgical Company 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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