Quantinno Capital Management LP Has $34.30 Million Holdings in Intuitive Surgical, Inc. $ISRG

by · The Cerbat Gem

Quantinno Capital Management LP raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) by 45.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 63,126 shares of the medical equipment provider’s stock after purchasing an additional 19,623 shares during the period. Quantinno Capital Management LP’s holdings in Intuitive Surgical were worth $34,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC raised its holdings in Intuitive Surgical by 24.9% in the 4th quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider’s stock valued at $1,916,000 after acquiring an additional 731 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Intuitive Surgical during the first quarter valued at $359,000. Klingman & Associates LLC lifted its stake in Intuitive Surgical by 7.6% in the first quarter. Klingman & Associates LLC now owns 839 shares of the medical equipment provider’s stock valued at $416,000 after buying an additional 59 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Intuitive Surgical by 5.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 71,779 shares of the medical equipment provider’s stock valued at $35,550,000 after acquiring an additional 3,800 shares during the period. Finally, Sit Investment Associates Inc. grew its stake in shares of Intuitive Surgical by 15.5% in the 1st quarter. Sit Investment Associates Inc. now owns 20,089 shares of the medical equipment provider’s stock worth $9,949,000 after acquiring an additional 2,694 shares in the last quarter. 83.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ISRG shares. Sanford C. Bernstein restated an “outperform” rating and issued a $685.00 price objective on shares of Intuitive Surgical in a research note on Tuesday, October 21st. Piper Sandler upped their price objective on shares of Intuitive Surgical from $595.00 to $610.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Wells Fargo & Company raised their target price on shares of Intuitive Surgical from $599.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Robert W. Baird set a $655.00 target price on Intuitive Surgical in a research note on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Intuitive Surgical in a report on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $606.54.

Check Out Our Latest Stock Report on ISRG

Insider Activity at Intuitive Surgical

In other news, EVP Brian Edward Miller sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $575.00, for a total transaction of $2,012,500.00. Following the completion of the sale, the executive vice president owned 5,758 shares in the company, valued at $3,310,850. This trade represents a 37.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Henry L. Charlton sold 13,731 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $580.00, for a total transaction of $7,963,980.00. Following the transaction, the executive vice president owned 3,056 shares of the company’s stock, valued at $1,772,480. This trade represents a 81.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 109,043 shares of company stock valued at $60,816,225 in the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

Intuitive Surgical Stock Performance

Shares of NASDAQ:ISRG opened at $547.36 on Friday. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year high of $616.00. The firm’s 50 day simple moving average is $527.82 and its 200-day simple moving average is $505.98. The firm has a market cap of $196.22 billion, a PE ratio of 72.40, a price-to-earnings-growth ratio of 5.11 and a beta of 1.68.

Intuitive Surgical (NASDAQ:ISRG – Get Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.41. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.41 billion. Intuitive Surgical had a net margin of 28.58% and a return on equity of 15.08%. Intuitive Surgical’s revenue was up 22.9% compared to the same quarter last year. During the same period last year, the company posted $1.84 earnings per share. Equities research analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

About Intuitive Surgical

(Free Report)

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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