BNP Paribas increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) by 9.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,965 shares of the medical equipment provider’s stock after acquiring an additional 2,059 shares during the quarter. BNP Paribas’ holdings in Intuitive Surgical were worth $11,280,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund grew its position in Intuitive Surgical by 96.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 174,690 shares of the medical equipment provider’s stock worth $85,820,000 after acquiring an additional 85,621 shares during the period. Glenmede Trust Co. NA lifted its stake in shares of Intuitive Surgical by 5.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 53,565 shares of the medical equipment provider’s stock valued at $26,315,000 after purchasing an additional 2,655 shares during the last quarter. Soros Capital Management LLC purchased a new position in shares of Intuitive Surgical during the 3rd quarter worth $5,158,000. Townsquare Capital LLC grew its holdings in shares of Intuitive Surgical by 41.4% during the 3rd quarter. Townsquare Capital LLC now owns 11,071 shares of the medical equipment provider’s stock worth $5,439,000 after purchasing an additional 3,239 shares during the period. Finally, Baldwin Investment Management LLC increased its position in shares of Intuitive Surgical by 1.6% during the 3rd quarter. Baldwin Investment Management LLC now owns 9,743 shares of the medical equipment provider’s stock worth $4,786,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.
Insider Transactions at Intuitive Surgical
In other news, SVP Mark Brosius sold 2,128 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $515.00, for a total value of $1,095,920.00. Following the completion of the sale, the senior vice president now directly owns 273 shares of the company’s stock, valued at approximately $140,595. This represents a 88.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy L. Ladd sold 450 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $490.28, for a total transaction of $220,626.00. Following the completion of the sale, the director now owns 821 shares of the company’s stock, valued at approximately $402,519.88. This trade represents a 35.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,647 shares of company stock valued at $26,170,907. 0.80% of the stock is currently owned by corporate insiders.
Intuitive Surgical Stock Up 1.0 %
Intuitive Surgical (NASDAQ:ISRG – Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The medical equipment provider reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.32. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. On average, equities analysts anticipate that Intuitive Surgical, Inc. will post 5.45 EPS for the current year.
Analyst Ratings Changes
A number of research analysts have commented on ISRG shares. Raymond James upped their target price on shares of Intuitive Surgical from $500.00 to $540.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Citigroup increased their price objective on shares of Intuitive Surgical from $512.00 to $560.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their target price on shares of Intuitive Surgical from $466.00 to $549.00 and gave the company an “overweight” rating in a report on Friday, October 18th. JPMorgan Chase & Co. upped their price target on Intuitive Surgical from $495.00 to $575.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, Erste Group Bank raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $526.06.
Read Our Latest Analysis on ISRG
About Intuitive Surgical
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.
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