Nomura Holdings Inc. Grows Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Nomura Holdings Inc. raised its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,541 shares of the medical equipment provider's stock after purchasing an additional 936 shares during the quarter. Nomura Holdings Inc.'s holdings in Intuitive Surgical were worth $19,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of ISRG. Atala Financial Inc bought a new stake in Intuitive Surgical in the 4th quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new position in shares of Intuitive Surgical during the fourth quarter valued at approximately $26,000. Parvin Asset Management LLC purchased a new stake in Intuitive Surgical in the fourth quarter worth $26,000. BankPlus Trust Department purchased a new stake in Intuitive Surgical in the fourth quarter worth $28,000. Finally, Hurley Capital LLC purchased a new stake in Intuitive Surgical in the fourth quarter worth $28,000. Institutional investors own 83.64% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Citigroup increased their target price on Intuitive Surgical from $640.00 to $711.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Barclays lowered their price target on Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. CICC Research initiated coverage on Intuitive Surgical in a report on Monday, January 27th. They set a "neutral" rating and a $550.00 price target on the stock. UBS Group upped their price target on Intuitive Surgical from $500.00 to $560.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Finally, BTIG Research set a $560.00 target price on Intuitive Surgical and gave the company a "buy" rating in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Intuitive Surgical presently has an average rating of "Moderate Buy" and an average price target of $598.95.

Intuitive Surgical Stock Performance

Shares of NASDAQ ISRG traded up $3.32 during trading on Friday, hitting $563.60. The company had a trading volume of 1,422,176 shares, compared to its average volume of 1,644,552. The stock has a 50 day simple moving average of $505.22 and a 200 day simple moving average of $536.61. Intuitive Surgical, Inc. has a 12 month low of $395.60 and a 12 month high of $616.00. The firm has a market capitalization of $202.00 billion, a P/E ratio of 87.93, a price-to-earnings-growth ratio of 5.85 and a beta of 1.70.

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, topping the consensus estimate of $1.71 by $0.10. Intuitive Surgical had a return on equity of 14.55% and a net margin of 27.81%. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the company earned $1.50 earnings per share. As a group, analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insider Buying and Selling

In related news, Director Jami K. Nachtsheim sold 2,400 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $520.00, for a total transaction of $1,248,000.00. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at approximately $3,312,920. This trade represents a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brian Edward Miller sold 8,900 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $485.07, for a total value of $4,317,123.00. Following the sale, the executive vice president now owns 5,758 shares of the company's stock, valued at $2,793,033.06. This represents a 60.72% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,700 shares of company stock worth $16,865,621. 0.70% of the stock is owned by corporate 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.