Mn Services Vermogensbeheer B.V. Boosts Position in Intuitive Surgical, Inc. $ISRG

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Intuitive Surgical by 1.9% in Q4 to 138,778 shares, valued at about $78,598,000, with institutional investors owning 83.64% of the stock.
• Intuitive Surgical beat Q4 expectations, reporting $2.53 EPS vs. $2.27 expected and $2.87B revenue vs. $2.72B expected (revenue up 18.8% YoY); the stock trades near $452.77 with a $160.8B market cap.
• Analysts hold an average "Moderate Buy" rating with a mean target of $614.95 (targets cited from ~$550 to $712), while company insiders have sold 32,943 shares (~$17.28M) in the past 90 days, leaving insiders with 0.60% ownership.

Mn Services Vermogensbeheer B.V. raised its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,778 shares of the medical equipment provider's stock after buying an additional 2,578 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Intuitive Surgical were worth $78,598,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ISRG. Riversedge Advisors LLC raised its stake in shares of Intuitive Surgical by 1.9% in the 4th quarter. Riversedge Advisors LLC now owns 901 shares of the medical equipment provider's stock valued at $510,000 after acquiring an additional 17 shares during the period. Fiduciary Financial Group LLC lifted its holdings in shares of Intuitive Surgical by 2.1% during the 4th quarter. Fiduciary Financial Group LLC now owns 920 shares of the medical equipment provider's stock valued at $521,000 after acquiring an additional 19 shares in the last quarter. Prosperity Consulting Group LLC boosted its position in Intuitive Surgical by 0.5% during the 3rd quarter. Prosperity Consulting Group LLC now owns 4,033 shares of the medical equipment provider's stock worth $1,804,000 after purchasing an additional 19 shares during the period. Rossmore Private Capital increased its holdings in Intuitive Surgical by 2.0% in the 3rd quarter. Rossmore Private Capital now owns 998 shares of the medical equipment provider's stock valued at $446,000 after purchasing an additional 20 shares in the last quarter. Finally, Activest Wealth Management increased its holdings in Intuitive Surgical by 21.7% in the 3rd quarter. Activest Wealth Management now owns 112 shares of the medical equipment provider's stock valued at $50,000 after purchasing an additional 20 shares in the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ISRG. Evercore reduced their price objective on Intuitive Surgical from $580.00 to $550.00 and set an "in-line" rating on the stock in a research note on Friday, January 23rd. TD Cowen upgraded Intuitive Surgical to a "strong-buy" rating in a research note on Tuesday, January 27th. Weiss Ratings reissued a "hold (c+)" rating on shares of Intuitive Surgical in a research report on Monday, December 29th. Robert W. Baird decreased their price target on Intuitive Surgical from $655.00 to $645.00 and set an "outperform" rating for the company in a report on Friday, January 23rd. Finally, Barclays set a $712.00 price objective on shares of Intuitive Surgical and gave the company an "overweight" rating in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Intuitive Surgical has an average rating of "Moderate Buy" and an average target price of $614.95.

Insiders Place Their Bets

In related news, EVP Myriam Curet sold 105 shares of Intuitive Surgical stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $493.95, for a total value of $51,864.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Brosius sold 645 shares of the company's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $485.01, for a total transaction of $312,831.45. Following the completion of the sale, the senior vice president directly owned 1,613 shares in the company, valued at $782,321.13. This represents a 28.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 32,943 shares of company stock valued at $17,279,568 over the last 90 days. 0.60% of the stock is owned by company insiders.

Intuitive Surgical Price Performance

Shares of Intuitive Surgical stock opened at $452.77 on Tuesday. The business has a 50-day moving average of $492.86 and a 200-day moving average of $513.66. The company has a market capitalization of $160.79 billion, a PE ratio of 57.39, a P/E/G ratio of 3.49 and a beta of 1.66. Intuitive Surgical, Inc. has a 1-year low of $425.00 and a 1-year high of $603.88.

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. The business had revenue of $2.87 billion for the quarter, compared to analysts' expectations of $2.72 billion. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.The company's revenue was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.21 earnings per share. On average, equities analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

About Intuitive Surgical

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.

Want to see what other hedge funds are holding ISRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.