Czech National Bank Increases Stock Position in Intuitive Surgical, Inc. $ISRG

Czech National Bank grew its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 100,808 shares of the medical equipment provider’s stock after acquiring an additional 4,090 shares during the quarter. Czech National Bank’s holdings in Intuitive Surgical were worth $40,089,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ISRG. Newbridge Financial Services Group Inc. lifted its position in Intuitive Surgical by 300.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 44 shares of the medical equipment provider’s stock worth $25,000 after buying an additional 33 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in Intuitive Surgical during the fourth quarter valued at approximately $31,000. Turning Point Benefit Group Inc. lifted its position in Intuitive Surgical by 833.3% during the fourth quarter. Turning Point Benefit Group Inc. now owns 56 shares of the medical equipment provider’s stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. Motiv8 Investments LLC purchased a new position in shares of Intuitive Surgical in the 4th quarter valued at approximately $34,000. Finally, Oakworth Capital Inc. lifted its stake in shares of Intuitive Surgical by 281.2% during the fourth quarter. Oakworth Capital Inc. now owns 61 shares of the medical equipment provider’s stock worth $35,000 after buying an additional 45 shares during the period. 83.64% of the stock is owned by institutional investors.

Intuitive Surgical Stock Down 0.4%

Intuitive Surgical stock opened at $373.71 on Friday. Intuitive Surgical, Inc. has a 52-week low of $328.57 and a 52-week high of $603.88. The company’s 50 day moving average is $393.78 and its two-hundred day moving average is $446.25. The firm has a market cap of $132.02 billion, a PE ratio of 42.81, a price-to-earnings-growth ratio of 2.71 and a beta of 1.46.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, July 16th. The medical equipment provider reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.32. Intuitive Surgical had a net margin of 28.45% and a return on equity of 16.91%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the company earned $1.81 earnings per share. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, equities research analysts anticipate that Intuitive Surgical, Inc. will post 8.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ISRG shares. Leerink Partners reduced their price objective on Intuitive Surgical from $573.00 to $454.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Jefferies Financial Group lowered their price target on Intuitive Surgical from $560.00 to $515.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Intuitive Surgical in a research report on Tuesday, May 19th. Evercore set a $430.00 price target on shares of Intuitive Surgical in a research note on Monday, July 6th. Finally, TD Cowen lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Twenty research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and a consensus price target of $509.02.

Insiders Place Their Bets

In other Intuitive Surgical news, 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 transaction of $2,365,593.75. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Gary Loeb sold 400 shares of Intuitive Surgical stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $424.14, for a total value of $169,656.00. Following the sale, the executive vice president owned 5,720 shares of the company’s stock, valued at approximately $2,426,080.80. This represents a 6.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 6,634 shares of company stock valued at $2,796,795. 0.60% of the stock is owned by corporate 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.