3,628 Shares in Intuitive Surgical, Inc. $ISRG Bought by Twin Capital Management Inc.

Twin Capital Management Inc. purchased a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,628 shares of the medical equipment provider’s stock, valued at approximately $1,623,000.

A number of other large investors also recently bought and sold shares of the company. State of Michigan Retirement System grew its holdings in shares of Intuitive Surgical by 5.7% during the third quarter. State of Michigan Retirement System now owns 213,453 shares of the medical equipment provider’s stock worth $95,463,000 after buying an additional 11,500 shares in the last quarter. Concord Wealth Partners increased its position in shares of Intuitive Surgical by 13.2% in the third quarter. Concord Wealth Partners now owns 3,981 shares of the medical equipment provider’s stock worth $1,780,000 after acquiring an additional 464 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Intuitive Surgical by 52.2% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 3,251 shares of the medical equipment provider’s stock valued at $1,454,000 after buying an additional 1,115 shares during the period. Capital Investment Advisory Services LLC boosted its stake in shares of Intuitive Surgical by 7.3% in the third quarter. Capital Investment Advisory Services LLC now owns 692 shares of the medical equipment provider’s stock valued at $309,000 after purchasing an additional 47 shares during the period. Finally, Black Diamond Financial LLC purchased a new position in Intuitive Surgical in the third quarter valued at about $215,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

ISRG has been the topic of several recent research reports. Piper Sandler reiterated an “overweight” rating and issued a $620.00 price objective (up from $610.00) on shares of Intuitive Surgical in a research report on Friday, January 23rd. HSBC upped their target price on Intuitive Surgical from $644.00 to $653.00 and gave the company a “buy” rating in a report on Monday, January 26th. Robert W. Baird reduced their target price on Intuitive Surgical from $655.00 to $645.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. TD Cowen upgraded shares of Intuitive Surgical to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, UBS Group reissued a “neutral” rating on shares of Intuitive Surgical in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $617.23.

Insiders Place Their Bets

In related news, Director Craig H. Barratt sold 750 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $580.00, for a total transaction of $435,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary S. Guthart sold 24,500 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $530.10, for a total transaction of $12,987,450.00. Following the completion of the sale, the director directly owned 3,694 shares in the company, valued at approximately $1,958,189.40. The trade was a 86.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 73,616 shares of company stock valued at $40,929,575 in the last quarter. Company insiders own 0.70% of the company’s stock.

Intuitive Surgical Stock Up 2.5%

Shares of Intuitive Surgical stock opened at $488.15 on Friday. The stock has a market cap of $173.36 billion, a PE ratio of 61.87, a price-to-earnings-growth ratio of 3.79 and a beta of 1.65. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $609.08. The business has a fifty day simple moving average of $549.63 and a 200 day simple moving average of $510.54.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.26. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same period in the previous year, the firm earned $2.21 EPS. Intuitive Surgical’s quarterly revenue was up 18.8% compared to the same quarter last year. Analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Intuitive Surgical Profile

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.