IFM Investors Pty Ltd increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 14.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,787 shares of the medical equipment provider’s stock after acquiring an additional 1,255 shares during the period. IFM Investors Pty Ltd’s holdings in Intuitive Surgical were worth $6,944,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Coastal Capital Group Inc. acquired a new stake in Intuitive Surgical during the 2nd quarter worth about $34,000. Balentine LLC boosted its position in Intuitive Surgical by 134.6% during the 2nd quarter. Balentine LLC now owns 61 shares of the medical equipment provider’s stock worth $35,000 after acquiring an additional 35 shares during the period. CX Institutional boosted its position in Intuitive Surgical by 261.9% during the 2nd quarter. CX Institutional now owns 76 shares of the medical equipment provider’s stock worth $43,000 after acquiring an additional 55 shares during the period. Creative Financial Designs Inc. ADV acquired a new stake in Intuitive Surgical during the 2nd quarter worth about $58,000. Finally, Duncker Streett & Co. Inc. lifted its holdings in shares of Intuitive Surgical by 54.1% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 114 shares of the medical equipment provider’s stock valued at $65,000 after buying an additional 40 shares during the last quarter. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ISRG traded up $11.68 on Friday, reaching $752.68. 1,032,235 shares of the stock traded hands, compared to its average volume of 774,547. The firm has a market cap of $88.08 billion, a price-to-earnings ratio of 79.15, a P/E/G ratio of 14.13 and a beta of 0.94. Intuitive Surgical, Inc. has a 12 month low of $360.50 and a 12 month high of $778.83. The stock’s 50-day moving average price is $708.30 and its 200-day moving average price is $613.19.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, October 15th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $1.15. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $966.81 million. Intuitive Surgical had a return on equity of 13.62% and a net margin of 26.07%. Intuitive Surgical’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share. As a group, equities research analysts anticipate that Intuitive Surgical, Inc. will post 7.05 earnings per share for the current year.

ISRG has been the subject of several research reports. Wolfe Research initiated coverage on Intuitive Surgical in a report on Friday, September 11th. They set an “outperform” rating and a $789.00 price target for the company. Wells Fargo & Company lifted their price target on Intuitive Surgical from $727.00 to $815.00 and gave the company an “overweight” rating in a report on Friday. Piper Sandler lifted their price target on Intuitive Surgical from $595.00 to $680.00 and gave the company a “neutral” rating in a report on Friday. They noted that the move was a valuation call. UBS Group lifted their price target on Intuitive Surgical from $565.00 to $670.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Finally, Robert W. Baird started coverage on Intuitive Surgical in a report on Tuesday, September 1st. They set a “neutral” rating and a $700.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $708.36.

In related news, VP Robert Desantis sold 1,798 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $666.21, for a total value of $1,197,845.58. Following the sale, the vice president now owns 3,348 shares of the company’s stock, valued at approximately $2,230,471.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David J. Rosa sold 16,840 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $693.02, for a total value of $11,670,456.80. Following the completion of the sale, the executive vice president now directly owns 43,319 shares in the company, valued at approximately $30,020,933.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,880 shares of company stock worth $20,504,788. 1.60% of the stock is currently owned by company insiders.

About Intuitive Surgical

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

See Also: Earnings Per Share (EPS)

Want to see what other hedge funds are holding ISRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuitive Surgical, Inc. (NASDAQ:ISRG).

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

Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.com's FREE daily email newsletter.