DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $71.14 Million Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,296 shares of the medical equipment provider's stock after purchasing an additional 18,182 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Intuitive Surgical were worth $71,141,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atala Financial Inc bought a new position in Intuitive Surgical during the fourth quarter worth $25,000. Berbice Capital Management LLC bought a new position in Intuitive Surgical during the fourth quarter worth $26,000. Parvin Asset Management LLC bought a new position in Intuitive Surgical during the fourth quarter worth $26,000. BankPlus Trust Department bought a new position in Intuitive Surgical during the fourth quarter worth $28,000. Finally, Hurley Capital LLC bought a new position in Intuitive Surgical during the fourth quarter worth $28,000. Institutional investors and hedge funds own 83.64% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ISRG. JPMorgan Chase & Co. lifted their price target on shares of Intuitive Surgical from $575.00 to $675.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Jefferies Financial Group lifted their price target on shares of Intuitive Surgical from $475.00 to $575.00 in a research note on Monday, January 27th. Wells Fargo & Company lifted their price target on shares of Intuitive Surgical from $630.00 to $687.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Raymond James lifted their price target on shares of Intuitive Surgical from $560.00 to $688.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Finally, Erste Group Bank downgraded shares of Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $598.95.

Insider Buying and Selling at Intuitive Surgical

In other news, EVP Brian Edward Miller sold 8,900 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $485.07, for a total value of $4,317,123.00. Following the completion of the transaction, the executive vice president now owns 5,758 shares in the company, valued at $2,793,033.06. This represents a 60.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Myriam Curet sold 408 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $589.75, for a total transaction of $240,618.00. Following the completion of the transaction, the executive vice president now owns 353 shares of the company's stock, valued at $208,181.75. This trade represents a 53.61% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,044 shares of company stock valued at $17,070,433. Corporate insiders own 0.70% of the company's stock.

Intuitive Surgical Trading Up 4.6%

Shares of ISRG traded up $24.92 on Monday, reaching $561.43. 2,035,663 shares of the company's stock were exchanged, compared to its average volume of 1,633,299. The stock has a market capitalization of $201.23 billion, a P/E ratio of 87.59, a price-to-earnings-growth ratio of 5.85 and a beta of 1.70. The business has a 50 day moving average price of $500.93 and a two-hundred day moving average price of $535.03. Intuitive Surgical, Inc. has a 12 month low of $379.67 and a 12 month high of $616.00.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.71 by $0.10. Intuitive Surgical had a net margin of 27.81% and a return on equity of 14.55%. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the firm earned $1.50 earnings per share. Equities research analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Intuitive Surgical Company 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.