Mitsubishi UFJ Asset Management Co. Ltd. Has $444.45 Million Position in Intuitive Surgical, Inc. $ISRG

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 817,882 shares of the medical equipment provider’s stock after buying an additional 35,896 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.23% of Intuitive Surgical worth $444,445,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Intuitive Surgical by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 32,665,531 shares of the medical equipment provider’s stock worth $16,178,258,000 after buying an additional 453,335 shares during the period. Invesco Ltd. raised its holdings in Intuitive Surgical by 1.7% in the 1st quarter. Invesco Ltd. now owns 4,219,974 shares of the medical equipment provider’s stock valued at $2,090,027,000 after acquiring an additional 71,794 shares during the period. Northern Trust Corp raised its holdings in Intuitive Surgical by 0.3% in the 1st quarter. Northern Trust Corp now owns 3,631,281 shares of the medical equipment provider’s stock valued at $1,798,465,000 after acquiring an additional 11,988 shares during the period. Wellington Management Group LLP lifted its position in Intuitive Surgical by 15.0% during the first quarter. Wellington Management Group LLP now owns 3,499,052 shares of the medical equipment provider’s stock worth $1,732,975,000 after acquiring an additional 457,080 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Intuitive Surgical during the first quarter worth approximately $1,715,899,000. Institutional investors own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ISRG. Evercore ISI increased their target price on Intuitive Surgical from $450.00 to $540.00 in a research note on Wednesday, October 22nd. Rothschild & Co Redburn upped their price objective on Intuitive Surgical from $610.00 to $615.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. UBS Group set a $600.00 price objective on Intuitive Surgical and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. HSBC increased their price objective on Intuitive Surgical from $595.00 to $644.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Jefferies Financial Group boosted their target price on shares of Intuitive Surgical from $550.00 to $560.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $608.92.

Intuitive Surgical Stock Performance

ISRG opened at $560.00 on Friday. Intuitive Surgical, Inc. has a 52-week low of $425.00 and a 52-week high of $616.00. The firm has a market cap of $200.75 billion, a P/E ratio of 74.07, a price-to-earnings-growth ratio of 4.94 and a beta of 1.62. The business’s fifty day moving average is $471.89 and its 200-day moving average is $500.87.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.41. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.41 billion. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.Intuitive Surgical’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.84 earnings per share. On average, research analysts predict that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Myriam Curet sold 7,562 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $548.43, for a total transaction of $4,147,227.66. Following the completion of the sale, the executive vice president owned 353 shares of the company’s stock, valued at approximately $193,595.79. This represents a 95.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Craig H. Barratt sold 2,193 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $548.01, for a total transaction of $1,201,785.93. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 98,078 shares of company stock worth $51,445,892. 0.70% of the stock is owned by company insiders.

About Intuitive Surgical

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.