American Assets Inc. Invests $671,000 in Intuitive Surgical, Inc. $ISRG

American Assets Inc. purchased a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 1,500 shares of the medical equipment provider’s stock, valued at approximately $671,000. Intuitive Surgical accounts for approximately 0.2% of American Assets Inc.’s investment portfolio, making the stock its 19th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Tobam lifted its holdings in shares of Intuitive Surgical by 666.7% in the 2nd quarter. Tobam now owns 46 shares of the medical equipment provider’s stock valued at $25,000 after buying an additional 40 shares during the period. Kilter Group LLC purchased a new position in Intuitive Surgical in the second quarter worth $27,000. Princeton Global Asset Management LLC purchased a new position in Intuitive Surgical in the second quarter worth $30,000. Greykasell Wealth Strategies Inc. acquired a new stake in Intuitive Surgical in the third quarter valued at $27,000. Finally, Riggs Asset Managment Co. Inc. boosted its position in shares of Intuitive Surgical by 84.2% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 70 shares of the medical equipment provider’s stock worth $38,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insider Buying and Selling at Intuitive Surgical

In other news, Director Gary S. Guthart sold 2,800 shares of Intuitive Surgical stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $531.52, for a total value of $1,488,256.00. Following the completion of the transaction, the director directly owned 15,720 shares of the company’s stock, valued at approximately $8,355,494.40. The trade was a 15.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Myriam Curet sold 126 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $520.02, for a total value of $65,522.52. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 73,616 shares of company stock valued at $40,929,575. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Daiwa Securities Group lifted their price target on shares of Intuitive Surgical from $510.00 to $550.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Argus reduced their price objective on Intuitive Surgical from $630.00 to $560.00 and set a “buy” rating for the company in a report on Wednesday. Wall Street Zen downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Saturday. BTIG Research reissued a “buy” rating and issued a $616.00 target price on shares of Intuitive Surgical in a report on Friday, January 23rd. Finally, Leerink Partners raised their price target on Intuitive Surgical from $593.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $617.23.

Intuitive Surgical Stock Performance

NASDAQ ISRG opened at $488.15 on Friday. The firm has a market capitalization of $173.36 billion, a price-to-earnings ratio of 61.87, a PEG ratio of 3.79 and a beta of 1.65. Intuitive Surgical, Inc. has a one year low of $425.00 and a one year high of $609.08. The company’s 50 day moving average price is $549.63 and its 200 day moving average price is $510.54.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.26. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the firm earned $2.21 earnings per share. The company’s revenue for the quarter was up 18.8% compared to the same quarter last year. Sell-side analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

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.