Vontobel Holding Ltd. Has $38.92 Million Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Vontobel Holding Ltd. grew its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 61.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 78,589 shares of the medical equipment provider's stock after buying an additional 29,813 shares during the period. Vontobel Holding Ltd.'s holdings in Intuitive Surgical were worth $38,923,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ISRG. Atala Financial Inc purchased a new position in Intuitive Surgical in the 4th quarter valued at $25,000. Parvin Asset Management LLC purchased a new position in Intuitive Surgical during the fourth quarter worth about $26,000. Global Financial Private Client LLC raised its holdings in Intuitive Surgical by 253.3% during the first quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock worth $26,000 after purchasing an additional 38 shares in the last quarter. Hurley Capital LLC acquired a new stake in Intuitive Surgical in the fourth quarter valued at about $28,000. Finally, Summit Securities Group LLC purchased a new stake in Intuitive Surgical in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 83.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ISRG shares. BTIG Research set a $560.00 price target on Intuitive Surgical and gave the company a "buy" rating in a report on Monday, April 14th. Piper Sandler decreased their target price on shares of Intuitive Surgical from $670.00 to $575.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Robert W. Baird cut their price target on shares of Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Royal Bank Of Canada decreased their price objective on shares of Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Intuitive Surgical from a "hold" rating to a "sell" rating and lowered their target price for the stock from $515.00 to $440.00 in a research report on Monday, June 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $588.95.

Intuitive Surgical Stock Up 0.6%

Shares of Intuitive Surgical stock traded up $3.14 on Thursday, hitting $543.74. 703,090 shares of the company's stock traded hands, compared to its average volume of 1,667,108. Intuitive Surgical, Inc. has a 52-week low of $413.82 and a 52-week high of $616.00. The stock has a market cap of $194.89 billion, a P/E ratio of 79.73, a PEG ratio of 5.71 and a beta of 1.64. The firm's 50-day moving average is $535.82 and its 200 day moving average is $536.76.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The medical equipment provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.10. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.19 billion. Intuitive Surgical had a net margin of 28.41% and a return on equity of 14.43%. During the same period in the prior year, the firm posted $1.50 EPS. Equities research analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insider Activity at Intuitive Surgical

In other news, Director Jami K. Nachtsheim sold 2,400 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $520.00, for a total value of $1,248,000.00. Following the completion of the sale, the director directly owned 6,371 shares in the company, valued at approximately $3,312,920. The trade was a 27.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gary Loeb sold 1,700 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $513.18, for a total transaction of $872,406.00. Following the completion of the transaction, the executive vice president owned 2,245 shares in the company, valued at approximately $1,152,089.10. The trade was a 43.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,998 shares of company stock worth $2,611,577. 0.70% of the stock is currently owned by company insiders.

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.