E. Ohman J or Asset Management AB Buys 1,123 Shares of Intuitive Surgical, Inc. $ISRG

E. Ohman J or Asset Management AB increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,306 shares of the medical equipment provider’s stock after buying an additional 1,123 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Intuitive Surgical were worth $12,659,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Aaron Wealth Advisors LLC lifted its holdings in shares of Intuitive Surgical by 0.8% during the second quarter. Aaron Wealth Advisors LLC now owns 2,528 shares of the medical equipment provider’s stock valued at $1,374,000 after acquiring an additional 19 shares during the period. Evergreen Capital Management LLC increased its position in shares of Intuitive Surgical by 0.5% during the 1st quarter. Evergreen Capital Management LLC now owns 4,288 shares of the medical equipment provider’s stock worth $2,124,000 after purchasing an additional 20 shares in the last quarter. Rise Advisors LLC lifted its holdings in Intuitive Surgical by 5.6% during the 1st quarter. Rise Advisors LLC now owns 378 shares of the medical equipment provider’s stock valued at $187,000 after purchasing an additional 20 shares during the last quarter. Pinnacle Bancorp Inc. boosted its position in Intuitive Surgical by 4.1% in the second quarter. Pinnacle Bancorp Inc. now owns 532 shares of the medical equipment provider’s stock valued at $289,000 after buying an additional 21 shares in the last quarter. Finally, Vertex Planning Partners LLC grew its stake in Intuitive Surgical by 2.3% during the second quarter. Vertex Planning Partners LLC now owns 917 shares of the medical equipment provider’s stock worth $498,000 after buying an additional 21 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, Director Craig H. Barratt sold 750 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $580.00, for a total transaction of $435,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Myriam Curet sold 104 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $559.90, for a total value of $58,229.60. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 114,007 shares of company stock valued at $63,533,844 over the last 90 days. Company insiders own 0.70% of the company’s stock.

Intuitive Surgical Stock Up 0.1%

ISRG stock opened at $577.81 on Friday. Intuitive Surgical, Inc. has a twelve month low of $425.00 and a twelve month high of $616.00. The company has a market cap of $207.13 billion, a P/E ratio of 76.43, a PEG ratio of 5.28 and a beta of 1.68. The business has a fifty day moving average of $555.54 and a 200-day moving average of $507.11.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results 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 business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.84 earnings per share. As a group, equities research analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ISRG shares. Citigroup cut shares of Intuitive Surgical from a “buy” rating to a “neutral” rating and cut their target price for the company from $650.00 to $635.00 in a research note on Thursday, December 11th. Mizuho set a $575.00 price objective on Intuitive Surgical in a research report on Wednesday, October 22nd. Rothschild & Co Redburn boosted their price objective on Intuitive Surgical from $610.00 to $615.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Wall Street Zen cut Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Evercore ISI lifted their price target on Intuitive Surgical from $450.00 to $540.00 in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $611.08.

Intuitive Surgical Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.