Compagnie Lombard Odier SCmA Raises Stock Position in Intuitive Surgical, Inc. $ISRG

Compagnie Lombard Odier SCmA lifted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 27.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,035 shares of the medical equipment provider’s stock after buying an additional 10,314 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Intuitive Surgical were worth $27,205,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ISRG. Tema Etfs LLC lifted its holdings in shares of Intuitive Surgical by 27.3% in the 4th quarter. Tema Etfs LLC now owns 7,526 shares of the medical equipment provider’s stock valued at $4,262,000 after acquiring an additional 1,614 shares during the last quarter. RHS Financial LLC grew its position in Intuitive Surgical by 23.6% in the fourth quarter. RHS Financial LLC now owns 978 shares of the medical equipment provider’s stock worth $554,000 after acquiring an additional 187 shares in the last quarter. Retireful LLC bought a new stake in Intuitive Surgical during the fourth quarter worth approximately $655,000. Victory Financial Group LLC purchased a new stake in Intuitive Surgical during the fourth quarter valued at approximately $262,000. Finally, Warwick Investment Management Inc. purchased a new stake in Intuitive Surgical during the fourth quarter valued at approximately $206,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Intuitive Surgical Price Performance

Shares of NASDAQ:ISRG opened at $464.45 on Thursday. The firm has a market capitalization of $164.94 billion, a PE ratio of 58.87, a price-to-earnings-growth ratio of 3.56 and a beta of 1.68. The business has a 50 day simple moving average of $490.34 and a two-hundred day simple moving average of $513.40. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $603.88.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.26. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the business posted $2.21 earnings per share. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. Equities research analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada lifted their target price on Intuitive Surgical from $625.00 to $650.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Raymond James Financial increased their price target on Intuitive Surgical from $603.00 to $615.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Argus lowered their price target on Intuitive Surgical from $630.00 to $560.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. BTIG Research reaffirmed a “buy” rating and set a $616.00 price objective on shares of Intuitive Surgical in a research note on Friday, January 23rd. Finally, Zacks Research cut shares of Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Intuitive Surgical has a consensus rating of “Moderate Buy” and an average target price of $614.95.

Key Headlines Impacting Intuitive Surgical

Here are the key news stories impacting Intuitive Surgical this week:

• Positive Sentiment: Recent fundamentals — Intuitive reported a strong quarter (EPS and revenue beats, healthy margins and ~19% year-over-year revenue growth), which underpins investor confidence in growth and helps justify the stock’s premium P/E.
• Positive Sentiment: Analyst / thematic support — Motley Fool coverage frames ISRG as a high-growth pick and highlights the company’s durable competitive position in surgical robotics, which can support longer-term investor demand. Intuitive Surgical Maintains Edge Despite Security Breach
• Neutral Sentiment: Recent trading moves — Coverage of ISRG’s intraday/settlement gains shows short-term buyer interest, but volume and market context suggest this is a continuation of momentum trading rather than a new fundamental catalyst. ISRG Rises But Trails Market
• Negative Sentiment: Security / operational risk — A phishing attack in March compromised an employee account and exposed some customer contact, employee and corporate information; this raises short-term reputational and operational risk and could pressure sentiment until controls and remediation are clearly communicated. Intuitive Surgical Maintains Edge Despite Security Breach
• Negative Sentiment: Analyst downgrade — Zacks cut ISRG from “strong-buy” to “hold,” which can reduce short-term buying pressure from model-driven funds and investor groups that track analyst sentiment. Zacks.com

Insiders Place Their Bets

In other news, SVP Mark Brosius sold 645 shares of Intuitive Surgical stock in a transaction on Monday, March 9th. The stock was sold at an average price of $485.01, for a total transaction of $312,831.45. Following the completion of the sale, the senior vice president directly owned 1,613 shares in the company, valued at approximately $782,321.13. This trade represents a 28.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Patricia L. Wadors sold 220 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $499.71, for a total transaction of $109,936.20. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 32,943 shares of company stock worth $17,279,568. 0.60% of the stock is currently owned by company insiders.

About Intuitive Surgical

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.