Sava Infond d.o.o. Has $4.87 Million Holdings in Intuitive Surgical, Inc. $ISRG

Sava Infond d.o.o. grew its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,970 shares of the medical equipment provider’s stock after purchasing an additional 80 shares during the quarter. Intuitive Surgical comprises approximately 0.8% of Sava Infond d.o.o.’s investment portfolio, making the stock its 27th biggest position. Sava Infond d.o.o.’s holdings in Intuitive Surgical were worth $4,874,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norway Savings Bank increased its stake in shares of Intuitive Surgical by 53.4% during the second quarter. Norway Savings Bank now owns 2,613 shares of the medical equipment provider’s stock worth $1,420,000 after purchasing an additional 910 shares during the period. IronOak Wealth LLC. bought a new position in shares of Intuitive Surgical during the second quarter worth approximately $1,099,000. Trust Co. of Oklahoma bought a new position in shares of Intuitive Surgical during the second quarter worth approximately $363,000. Neville Rodie & Shaw Inc. increased its stake in shares of Intuitive Surgical by 11.9% during the second quarter. Neville Rodie & Shaw Inc. now owns 10,427 shares of the medical equipment provider’s stock worth $5,666,000 after purchasing an additional 1,110 shares during the period. Finally, Banque Pictet & Cie SA increased its stake in shares of Intuitive Surgical by 12.1% during the second quarter. Banque Pictet & Cie SA now owns 37,768 shares of the medical equipment provider’s stock worth $20,524,000 after purchasing an additional 4,085 shares during the period. Institutional investors own 83.64% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. BTIG Research reiterated a “buy” rating and set a $571.00 target price on shares of Intuitive Surgical in a research note on Wednesday. Truist Financial increased their price target on Intuitive Surgical from $590.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Piper Sandler reissued an “overweight” rating and set a $595.00 price target (up previously from $575.00) on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Zacks Research downgraded Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Saturday. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $594.19.

Intuitive Surgical Stock Performance

Shares of ISRG opened at $452.35 on Friday. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00. The stock has a market capitalization of $162.16 billion, a price-to-earnings ratio of 63.09, a PEG ratio of 4.64 and a beta of 1.61. The stock has a fifty day moving average of $463.55 and a 200-day moving average of $500.00.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.26. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the company earned $1.78 EPS. Intuitive Surgical’s revenue was up 21.4% compared to the same quarter last year. As a group, equities analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insider Activity

In other news, insider Gary S. Guthart sold 29,360 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $472.49, for a total value of $13,872,306.40. Following the completion of the transaction, the insider directly owned 19,827 shares in the company, valued at approximately $9,368,059.23. This represents a 59.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Myriam Curet sold 4,500 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $492.48, for a total value of $2,216,160.00. Following the completion of the transaction, the executive vice president owned 353 shares of the company’s stock, valued at $173,845.44. The trade was a 92.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,224 shares of company stock worth $21,716,492. Insiders own 0.70% of the company’s stock.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.