KBC Group NV increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 395.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,797 shares of the medical equipment provider’s stock after purchasing an additional 22,979 shares during the period. KBC Group NV’s holdings in Intuitive Surgical were worth $10,509,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Swiss National Bank boosted its stake in shares of Intuitive Surgical by 158.5% during the 4th quarter. Swiss National Bank now owns 538,646 shares of the medical equipment provider’s stock worth $196,573,000 after purchasing an additional 330,264 shares during the period. Chilton Investment Co. LLC boosted its stake in shares of Intuitive Surgical by 200.0% during the 4th quarter. Chilton Investment Co. LLC now owns 1,500 shares of the medical equipment provider’s stock worth $547,000 after purchasing an additional 1,000 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Intuitive Surgical by 60.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,464 shares of the medical equipment provider’s stock worth $1,264,000 after purchasing an additional 1,300 shares during the period. Bedel Financial Consulting Inc. purchased a new position in shares of Intuitive Surgical during the 4th quarter worth about $671,000. Finally, California Public Employees Retirement System boosted its stake in shares of Intuitive Surgical by 233.3% during the 4th quarter. California Public Employees Retirement System now owns 306,131 shares of the medical equipment provider’s stock worth $111,719,000 after purchasing an additional 214,284 shares during the period. 36.79% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Mark J. Meltzer sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $397.14, for a total value of $2,382,840.00. Following the completion of the sale, the senior vice president now owns 9,888 shares of the company’s stock, valued at approximately $3,926,920.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary S. Guthart sold 28,525 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $414.50, for a total transaction of $11,823,612.50. Following the completion of the sale, the chief executive officer now directly owns 311,469 shares of the company’s stock, valued at approximately $129,103,900.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,016 shares of company stock valued at $35,133,026. 2.20% of the stock is owned by corporate insiders.

A number of equities analysts recently commented on ISRG shares. Barclays reaffirmed an “overweight” rating on shares of Intuitive Surgical in a research note on Friday, October 20th. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 price target for the company in a research note on Tuesday, December 12th. ValuEngine cut shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Evercore ISI started coverage on shares of Intuitive Surgical in a research note on Wednesday, January 3rd. They set an “in-line” rating and a $380.00 price target for the company. Finally, Royal Bank of Canada lifted their price target on shares of Intuitive Surgical to $430.00 and gave the stock a “sector perform” rating in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Intuitive Surgical currently has a consensus rating of “Buy” and an average price target of $408.48.

Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) opened at $409.89 on Thursday. The stock has a market cap of $45,143.99, a PE ratio of 51.15, a price-to-earnings-growth ratio of 4.73 and a beta of 0.50. Intuitive Surgical, Inc. has a 52-week low of $236.84 and a 52-week high of $452.00.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.27. The company had revenue of $892.40 million during the quarter, compared to analysts’ expectations of $866.54 million. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.03 EPS. analysts anticipate that Intuitive Surgical, Inc. will post 7.93 EPS for the current year.

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About Intuitive Surgical

Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.

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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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