Asset Management One Co. Ltd. Has $95.09 Million Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Asset Management One Co. Ltd. grew its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 5.2% in the first quarter, HoldingsChannel.com reports. The fund owned 191,998 shares of the medical equipment provider’s stock after acquiring an additional 9,439 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Intuitive Surgical were worth $95,091,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Atala Financial Inc acquired a new stake in Intuitive Surgical in the fourth quarter worth $25,000. Hurley Capital LLC bought a new position in shares of Intuitive Surgical during the 4th quarter worth about $28,000. Parvin Asset Management LLC acquired a new stake in shares of Intuitive Surgical in the 4th quarter valued at about $26,000. BankPlus Trust Department bought a new stake in Intuitive Surgical in the 4th quarter valued at about $28,000. Finally, Global Financial Private Client LLC raised its stake in Intuitive Surgical by 253.3% during the 1st quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider’s stock worth $26,000 after buying an additional 38 shares during the period. 83.64% of the stock is owned by institutional investors.

Intuitive Surgical Trading Up 1.1%

ISRG stock opened at $515.09 on Tuesday. The stock has a market cap of $184.62 billion, a P/E ratio of 75.53, a P/E/G ratio of 5.40 and a beta of 1.67. The stock’s fifty day simple moving average is $528.53 and its two-hundred day simple moving average is $537.06. Intuitive Surgical, Inc. has a 1-year low of $413.82 and a 1-year high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.10. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Intuitive Surgical had a return on equity of 14.43% and a net margin of 28.41%. During the same period in the previous year, the business posted $1.50 EPS. As a group, analysts forecast that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Piper Sandler reduced their price objective on Intuitive Surgical from $670.00 to $575.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Royal Bank Of Canada reduced their price target on shares of Intuitive Surgical from $630.00 to $605.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft downgraded shares of Intuitive Surgical from a “hold” rating to a “sell” rating and lowered their price objective for the stock from $515.00 to $440.00 in a report on Monday, June 9th. Citigroup reiterated a “buy” rating and set a $650.00 price objective (up from $590.00) on shares of Intuitive Surgical in a report on Thursday, May 22nd. Finally, Barclays lowered their target price on shares of Intuitive Surgical from $684.00 to $635.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $588.95.

Insiders Place Their Bets

In related news, EVP Gary Loeb sold 1,700 shares of Intuitive Surgical stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $513.18, for a total value of $872,406.00. Following the sale, the executive vice president now owns 2,245 shares of the company’s stock, valued at approximately $1,152,089.10. The trade was a 43.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Desantis sold 188 shares of the stock in a transaction on Monday, April 28th. The shares were sold at an average price of $515.91, for a total value of $96,991.08. Following the transaction, the executive vice president now directly owns 5,224 shares of the company’s stock, valued at approximately $2,695,113.84. This trade represents a 3.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,998 shares of company stock valued at $2,611,577. Company insiders own 0.70% of the company’s stock.

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.