Investment Management Corp of Ontario Sells 1,300 Shares of Intuitive Surgical, Inc. $ISRG

Investment Management Corp of Ontario lessened its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 36,154 shares of the medical equipment provider’s stock after selling 1,300 shares during the quarter. Investment Management Corp of Ontario’s holdings in Intuitive Surgical were worth $19,646,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Tripletail Wealth Management LLC bought a new stake in Intuitive Surgical during the second quarter worth $281,000. iSAM Funds UK Ltd bought a new stake in shares of Intuitive Surgical during the 2nd quarter worth $293,000. AXA S.A. raised its stake in shares of Intuitive Surgical by 2.9% during the 2nd quarter. AXA S.A. now owns 686,237 shares of the medical equipment provider’s stock worth $372,908,000 after purchasing an additional 19,204 shares during the period. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in shares of Intuitive Surgical in the 2nd quarter worth about $6,230,000. Finally, Lombard Odier Asset Management Switzerland SA grew its position in Intuitive Surgical by 5.7% during the second quarter. Lombard Odier Asset Management Switzerland SA now owns 10,894 shares of the medical equipment provider’s stock valued at $5,920,000 after buying an additional 589 shares during the period. 83.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on ISRG. The Goldman Sachs Group lifted their price objective on shares of Intuitive Surgical from $567.00 to $621.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. UBS Group set a $600.00 price target on shares of Intuitive Surgical and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Zacks Research upgraded Intuitive Surgical from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Evercore ISI increased their price objective on Intuitive Surgical from $450.00 to $540.00 in a report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Intuitive Surgical in a research note on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $607.17.

Insider Activity

In other news, EVP Myriam Curet sold 105 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $560.00, for a total value of $58,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Brian Edward Miller sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $575.00, for a total transaction of $2,012,500.00. Following the completion of the transaction, the executive vice president owned 5,758 shares of the company’s stock, valued at $3,310,850. This trade represents a 37.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 108,939 shares of company stock valued at $60,757,995. 0.70% of the stock is currently owned by insiders.

Intuitive Surgical Price Performance

Shares of ISRG stock opened at $566.89 on Tuesday. The stock has a market capitalization of $203.22 billion, a price-to-earnings ratio of 74.99, a PEG ratio of 5.29 and a beta of 1.68. The company’s fifty day simple moving average is $521.15 and its two-hundred day simple moving average is $505.21. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $616.00.

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

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.