PFA Pension Forsikringsaktieselskab Buys Shares of 193,596 Intuitive Surgical, Inc. $ISRG

Key Points

• PFA Pension Forsikringsaktieselskab bought a new stake of 193,596 shares of Intuitive Surgical (NASDAQ:ISRG), valued at about $110.86 million, representing roughly 0.05% ownership at quarter-end.
• Intuitive Surgical beat quarterly estimates with EPS of $2.50 (vs. $2.08 est.) and revenue of $2.77 billion (up 23% YoY), and analysts hold a consensus “Moderate Buy” with an average target of $581.91 despite several recent price-target cuts.
• Insiders have sold 5,906 shares (≈$2.91 million) in the past 90 days and now own about 0.60% of the company, indicating notable insider selling alongside institutional buying (institutional ownership ~83.6%).

PFA Pension Forsikringsaktieselskab bought a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 193,596 shares of the medical equipment provider's stock, valued at approximately $110,859,000. PFA Pension Forsikringsaktieselskab owned about 0.05% of Intuitive Surgical at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Riversedge Advisors LLC raised its position in Intuitive Surgical by 1.9% in the fourth quarter. Riversedge Advisors LLC now owns 901 shares of the medical equipment provider's stock valued at $510,000 after purchasing an additional 17 shares during the last quarter. Fiduciary Financial Group LLC raised its position in Intuitive Surgical by 2.1% in the fourth quarter. Fiduciary Financial Group LLC now owns 920 shares of the medical equipment provider's stock valued at $521,000 after purchasing an additional 19 shares during the last quarter. Prosperity Consulting Group LLC raised its position in Intuitive Surgical by 0.5% in the third quarter. Prosperity Consulting Group LLC now owns 4,033 shares of the medical equipment provider's stock valued at $1,804,000 after purchasing an additional 19 shares during the last quarter. Rossmore Private Capital raised its position in Intuitive Surgical by 2.0% in the third 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 during the last quarter. Finally, Activest Wealth Management raised its position in Intuitive Surgical by 21.7% in the third 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 during the last quarter. 83.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intuitive Surgical

In related news, Director Amy L. Ladd sold 119 shares of the firm's stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $463.50, for a total transaction of $55,156.50. Following the completion of the sale, the director owned 120 shares of the company's stock, valued at $55,620. This trade represents a 49.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mark Brosius sold 645 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $485.01, for a total value of $312,831.45. Following the sale, the senior vice president directly owned 1,613 shares of the company's stock, valued at $782,321.13. This represents a 28.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,906 shares of company stock valued at $2,907,726 over the last ninety days. Insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wall Street Zen downgraded Intuitive Surgical from a "buy" rating to a "hold" rating in a research report on Saturday, February 7th. UBS Group lowered their price objective on Intuitive Surgical from $570.00 to $550.00 and set a "neutral" rating for the company in a research report on Tuesday, March 17th. Leerink Partners lowered their price objective on Intuitive Surgical from $622.00 to $573.00 and set an "outperform" rating for the company in a research report on Wednesday, April 22nd. Evercore lowered their price objective on Intuitive Surgical from $550.00 to $480.00 and set a "neutral" rating for the company in a research report on Monday, April 6th. Finally, Truist Financial lowered their price objective on Intuitive Surgical from $650.00 to $580.00 and set a "buy" rating for the company in a research report on Wednesday, April 15th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Intuitive Surgical has an average rating of "Moderate Buy" and a consensus target price of $581.91.

Intuitive Surgical Price Performance

Shares of ISRG opened at $457.78 on Friday. Intuitive Surgical, Inc. has a 1 year low of $427.84 and a 1 year high of $603.88. The company has a market capitalization of $162.13 billion, a price-to-earnings ratio of 55.49, a price-to-earnings-growth ratio of 3.67 and a beta of 1.51. The business has a 50-day moving average of $474.86 and a 200-day moving average of $515.98.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The medical equipment provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.42. Intuitive Surgical had a return on equity of 15.98% and a net margin of 28.15%.The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the company earned $1.81 earnings per share. The firm's revenue was up 23.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intuitive Surgical, Inc. will post 8.53 EPS for the current year.

Intuitive Surgical Company Profile

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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