Bank of Hawaii Invests $1.36 Million in Intuitive Surgical, Inc. $ISRG

Bank of Hawaii acquired a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,407 shares of the medical equipment provider’s stock, valued at approximately $1,363,000.

Other hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Intuitive Surgical in the 4th quarter valued at about $350,000. Reflection Asset Management acquired a new position in shares of Intuitive Surgical in the fourth quarter worth approximately $296,000. Tobam lifted its stake in shares of Intuitive Surgical by 3,071.7% in the fourth quarter. Tobam now owns 1,459 shares of the medical equipment provider’s stock worth $826,000 after acquiring an additional 1,413 shares during the period. Groupama Asset Managment boosted its holdings in Intuitive Surgical by 11.7% in the fourth quarter. Groupama Asset Managment now owns 47,779 shares of the medical equipment provider’s stock valued at $26,979,000 after acquiring an additional 4,993 shares during the last quarter. Finally, Anchor Investment Management LLC boosted its holdings in Intuitive Surgical by 4.7% in the fourth quarter. Anchor Investment Management LLC now owns 6,330 shares of the medical equipment provider’s stock valued at $3,585,000 after acquiring an additional 287 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuitive Surgical

In related news, EVP Gary Loeb sold 400 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $424.14, for a total value of $169,656.00. Following the transaction, the executive vice president directly owned 5,720 shares in the company, valued at $2,426,080.80. This trade represents a 6.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Iman Jeddi sold 5,625 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $420.55, for a total value of $2,365,593.75. Following the completion of the transaction, the senior vice president owned 6,463 shares in the company, valued at approximately $2,718,014.65. This represents a 46.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 7,169 shares of company stock valued at $3,059,135. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on ISRG shares. Mizuho set a $525.00 price target on shares of Intuitive Surgical and gave the stock a “neutral” rating in a report on Monday, April 13th. Zacks Research lowered shares of Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Truist Financial decreased their price objective on shares of Intuitive Surgical from $650.00 to $580.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Raymond James Financial lowered their target price on shares of Intuitive Surgical from $615.00 to $577.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group set a $558.00 target price on shares of Intuitive Surgical in a report on Wednesday, May 27th. Nineteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $573.42.

Intuitive Surgical Price Performance

ISRG stock opened at $406.78 on Friday. The company’s 50-day moving average is $438.43 and its 200-day moving average is $490.46. The stock has a market capitalization of $144.07 billion, a PE ratio of 49.31, a price-to-earnings-growth ratio of 3.31 and a beta of 1.46. Intuitive Surgical, Inc. has a 1 year low of $396.68 and a 1 year high of $603.88.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Tuesday, April 21st. The medical equipment provider reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.42. Intuitive Surgical had a return on equity of 15.98% and a net margin of 28.15%.The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the company posted $1.81 EPS. The firm’s revenue was up 23.0% compared to the same quarter last year. On average, analysts anticipate that Intuitive Surgical, Inc. will post 8.57 earnings per share 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.