Groupe la Francaise Has $80.08 Million Holdings in Intuitive Surgical, Inc. $ISRG

Groupe la Francaise lifted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 99.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,161 shares of the medical equipment provider’s stock after purchasing an additional 73,216 shares during the quarter. Intuitive Surgical accounts for 1.3% of Groupe la Francaise’s investment portfolio, making the stock its 20th largest holding. Groupe la Francaise’s holdings in Intuitive Surgical were worth $80,081,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC lifted its position in Intuitive Surgical by 24.9% in the 4th quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider’s stock valued at $1,916,000 after acquiring an additional 731 shares in the last quarter. TIAA Trust National Association boosted its position in shares of Intuitive Surgical by 10.3% during the first quarter. TIAA Trust National Association now owns 3,047 shares of the medical equipment provider’s stock valued at $1,509,000 after buying an additional 284 shares during the last quarter. Scotia Capital Inc. grew its holdings in Intuitive Surgical by 1.6% during the first quarter. Scotia Capital Inc. now owns 5,251 shares of the medical equipment provider’s stock worth $2,601,000 after buying an additional 85 shares in the last quarter. Heritage Trust Co lifted its stake in Intuitive Surgical by 31.1% during the 1st quarter. Heritage Trust Co now owns 2,303 shares of the medical equipment provider’s stock valued at $1,141,000 after acquiring an additional 546 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Intuitive Surgical by 1.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 75,504 shares of the medical equipment provider’s stock worth $37,395,000 after acquiring an additional 1,364 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ISRG. HSBC raised their price target on shares of Intuitive Surgical from $595.00 to $644.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Intuitive Surgical in a research note on Friday, August 22nd. Wells Fargo & Company increased their price target on Intuitive Surgical from $599.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group upped their price objective on Intuitive Surgical from $550.00 to $560.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Finally, Leerink Partners lifted their target price on Intuitive Surgical from $593.00 to $600.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $607.28.

Insider Activity at Intuitive Surgical

In other news, EVP Myriam Curet sold 105 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $560.00, for a total value of $58,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Craig H. Barratt sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $580.00, for a total transaction of $435,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 86,804 shares of company stock worth $48,043,866 in the last 90 days. 0.70% of the stock is owned by company insiders.

Intuitive Surgical Stock Down 1.1%

Shares of NASDAQ:ISRG opened at $567.37 on Tuesday. The firm has a market capitalization of $203.39 billion, a PE ratio of 75.05, a P/E/G ratio of 4.94 and a beta of 1.62. The company has a 50-day moving average price of $508.39 and a two-hundred day moving average price of $504.67. Intuitive Surgical, Inc. has a twelve month low of $425.00 and a twelve month high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Tuesday, October 21st. The medical equipment provider reported $2.40 EPS for the quarter, topping the consensus estimate of $1.99 by $0.41. Intuitive Surgical had a net margin of 28.58% and a return on equity of 15.08%. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the firm earned $1.84 EPS. Intuitive Surgical’s revenue for the quarter was up 22.9% on a year-over-year basis. Analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

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.