National Pension Service Acquires 23,899 Shares of Intuitive Surgical, Inc. $ISRG

Key Points

• National Pension Service increased its stake in Intuitive Surgical by 3.4% in the fourth quarter, buying 23,899 additional shares and bringing its total holdings to 728,944 shares worth about $412.8 million.
• Wall Street sentiment remains mostly positive, with 19 Buy ratings, seven Hold ratings, and one Sell rating; the consensus target price is $576.71, though some firms recently lowered their targets and ratings.
• Intuitive Surgical’s latest quarter topped expectations, posting EPS of $2.50 versus $2.08 expected and revenue of $2.77 billion, up 23% year over year, even as the stock traded near the low end of its 52-week range.

National Pension Service grew its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 728,944 shares of the medical equipment provider's stock after buying an additional 23,899 shares during the period. National Pension Service owned 0.21% of Intuitive Surgical worth $412,845,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Operose Advisors LLC boosted its position in shares of Intuitive Surgical by 21.3% in the 4th quarter. Operose Advisors LLC now owns 672 shares of the medical equipment provider's stock worth $380,000 after purchasing an additional 118 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of Intuitive Surgical by 13.2% in the 4th quarter. Rothschild Investment LLC now owns 558 shares of the medical equipment provider's stock worth $316,000 after purchasing an additional 65 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of Intuitive Surgical in the 4th quarter worth approximately $1,403,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its position in shares of Intuitive Surgical by 8.4% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 102,154 shares of the medical equipment provider's stock worth $57,856,000 after purchasing an additional 7,886 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Intuitive Surgical by 9.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 128,681 shares of the medical equipment provider's stock worth $72,880,000 after purchasing an additional 11,294 shares in the last quarter. 83.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ISRG has been the topic of a number of analyst reports. Wall Street Zen cut Intuitive Surgical from a "buy" rating to a "hold" rating in a research report on Sunday, May 24th. Leerink Partners dropped their price target on Intuitive Surgical from $622.00 to $573.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 22nd. BTIG Research reissued a "buy" rating and issued a $574.00 price target on shares of Intuitive Surgical in a research report on Wednesday, April 22nd. Jefferies Financial Group dropped their price target on Intuitive Surgical from $560.00 to $515.00 and set a "hold" rating on the stock in a research report on Wednesday, April 22nd. Finally, Raymond James Financial dropped their price target on Intuitive Surgical from $615.00 to $577.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 22nd. Nineteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Intuitive Surgical currently has an average rating of "Moderate Buy" and a consensus target price of $576.71.

Intuitive Surgical Stock Up 1.2%

Shares of NASDAQ ISRG opened at $423.63 on Friday. Intuitive Surgical, Inc. has a twelve month low of $414.30 and a twelve month high of $603.88. The firm has a market cap of $150.03 billion, a P/E ratio of 51.35, a PEG ratio of 3.34 and a beta of 1.51. The company has a 50 day moving average of $454.60 and a 200 day moving average of $507.01.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The medical equipment provider reported $2.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.42. Intuitive Surgical had a net margin of 28.15% and a return on equity of 15.98%. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the business earned $1.81 EPS. The firm's revenue for the quarter was up 23.0% on a year-over-year basis. As a group, equities analysts expect that Intuitive Surgical, Inc. will post 8.57 earnings per share for the current fiscal year.

More Intuitive Surgical News

Here are the key news stories impacting Intuitive Surgical this week:

• Positive Sentiment: Intuitive Surgical announced Taylor Patton will become Chief Commercial and Marketing Officer effective July 1, while current commercial chief Henry Charlton moves to SVP of Global Business Operations. The change appears to be an internal promotion, suggesting leadership continuity rather than disruption. Article Title
• Positive Sentiment: The company has also highlighted major updates to its da Vinci 5 robotic surgical system, with more than 100 improvements set to roll out to U.S. customers starting in June. Investors may view that as a sign of continued innovation and potential to support procedure growth. Article Title
• Positive Sentiment: Recent commentary from market and research outlets has remained favorable, with articles arguing that Intuitive Surgical’s above-average financial growth and optimistic analyst outlook could make the stock attractive to growth investors. Article Title
• Neutral Sentiment: A market note said Intuitive Surgical underperformed competitors on Wednesday, but the item did not point to a company-specific setback or new fundamental issue. Article Title

Insider Activity

In related news, SVP Mark Brosius sold 2,362 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $498.68, for a total value of $1,177,882.16. Following the completion of the transaction, the senior vice president directly owned 3,554 shares in the company, valued at $1,772,308.72. The trade was a 39.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Myriam Curet sold 105 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $493.95, for a total transaction of $51,864.75. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,481 shares of company stock valued at $2,673,871 in the last quarter. Insiders own 0.60% of the company's stock.

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.

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