Nomura Asset Management Co. Ltd. Has $232.24 Million Stake in Intuitive Surgical, Inc. $ISRG

Nomura Asset Management Co. Ltd. boosted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 31.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 427,378 shares of the medical equipment provider’s stock after acquiring an additional 102,995 shares during the quarter. Intuitive Surgical accounts for 0.6% of Nomura Asset Management Co. Ltd.’s portfolio, making the stock its 20th largest position. Nomura Asset Management Co. Ltd. owned approximately 0.12% of Intuitive Surgical worth $232,241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ISRG. Norway Savings Bank grew its stake in Intuitive Surgical by 53.4% in the second quarter. Norway Savings Bank now owns 2,613 shares of the medical equipment provider’s stock valued at $1,420,000 after purchasing an additional 910 shares in the last quarter. Trust Co. of Oklahoma bought a new stake in shares of Intuitive Surgical during the 2nd quarter worth approximately $363,000. IronOak Wealth LLC. acquired a new stake in shares of Intuitive Surgical in the 2nd quarter valued at approximately $1,099,000. Amalgamated Bank grew its stake in shares of Intuitive Surgical by 2.2% in the second quarter. Amalgamated Bank now owns 81,542 shares of the medical equipment provider’s stock valued at $44,311,000 after buying an additional 1,772 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. grew its stake in shares of Intuitive Surgical by 11.9% in the second quarter. Neville Rodie & Shaw Inc. now owns 10,427 shares of the medical equipment provider’s stock valued at $5,666,000 after buying an additional 1,110 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ISRG. Hsbc Global Res raised shares of Intuitive Surgical to a “strong-buy” rating in a research report on Thursday, October 23rd. Erste Group Bank reiterated a “hold” rating on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. Royal Bank Of Canada set a $625.00 price target on Intuitive Surgical and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Leerink Partners raised their price objective on Intuitive Surgical from $593.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Mizuho set a $575.00 target price on Intuitive Surgical in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Intuitive Surgical has an average rating of “Moderate Buy” and a consensus price target of $608.92.

Intuitive Surgical Price Performance

ISRG stock opened at $549.51 on Monday. Intuitive Surgical, Inc. has a fifty-two week low of $425.00 and a fifty-two week high of $616.00. The stock has a market capitalization of $196.99 billion, a price-to-earnings ratio of 72.69, a PEG ratio of 4.94 and a beta of 1.62. The business’s fifty day moving average price is $482.51 and its two-hundred day moving average price is $503.01.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.41. Intuitive Surgical had a net margin of 28.58% and a return on equity of 15.08%. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the business posted $1.84 earnings per share. Intuitive Surgical’s quarterly revenue was up 22.9% on a year-over-year basis. Research analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insider Transactions at Intuitive Surgical

In related news, VP Fredrik Widman sold 2,067 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $550.00, for a total transaction of $1,136,850.00. Following the sale, the vice president owned 473 shares of the company’s stock, valued at $260,150. This represents a 81.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Craig H. Barratt sold 750 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $580.00, for a total value of $435,000.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 116,164 shares of company stock worth $61,916,172. 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.