E. Ohman J or Asset Management AB Purchases 4,479 Shares of Intuitive Surgical, Inc. $ISRG

E. Ohman J or Asset Management AB raised its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 20.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,069 shares of the medical equipment provider’s stock after buying an additional 4,479 shares during the period. E. Ohman J or Asset Management AB’s holdings in Intuitive Surgical were worth $10,367,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Main Street Group LTD bought a new stake in Intuitive Surgical during the 1st quarter worth about $30,000. Laurel Wealth Advisors LLC acquired a new position in shares of Intuitive Surgical during the fourth quarter valued at $31,000. Vermillion Wealth Management Inc. boosted its holdings in Intuitive Surgical by 58.1% in the first quarter. Vermillion Wealth Management Inc. now owns 68 shares of the medical equipment provider’s stock valued at $31,000 after acquiring an additional 25 shares during the last quarter. Turning Point Benefit Group Inc. boosted its stake in Intuitive Surgical by 833.3% in the fourth quarter. Turning Point Benefit Group Inc. now owns 56 shares of the medical equipment provider’s stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new position in Intuitive Surgical in the fourth quarter valued at about $34,000. 83.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Gary Loeb sold 400 shares of Intuitive Surgical stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $379.00, for a total transaction of $151,600.00. Following the completion of the transaction, the executive vice president directly owned 5,320 shares in the company, valued at $2,016,280. This trade represents a 6.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Iman Jeddi sold 5,625 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $420.55, for a total transaction of $2,365,593.75. Following the completion of the sale, the senior vice president owned 6,463 shares of the company’s stock, valued at approximately $2,718,014.65. This trade represents a 46.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,634 shares of company stock worth $2,769,615 over the last ninety days. 0.60% of the stock is owned by insiders.

Intuitive Surgical Trading Up 3.8%

Shares of Intuitive Surgical stock opened at $393.38 on Tuesday. The firm’s 50 day moving average is $392.49 and its 200 day moving average is $444.21. The firm has a market capitalization of $138.97 billion, a PE ratio of 45.06, a price-to-earnings-growth ratio of 2.74 and a beta of 1.47. Intuitive Surgical, Inc. has a 1 year low of $328.57 and a 1 year high of $603.88.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, July 16th. The medical equipment provider reported $2.80 EPS for the quarter, topping the consensus estimate of $2.48 by $0.32. Intuitive Surgical had a net margin of 28.45% and a return on equity of 16.91%. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the company earned $1.81 EPS. The firm’s revenue was up 18.4% compared to the same quarter last year. As a group, research analysts anticipate that Intuitive Surgical, Inc. will post 8.87 earnings per share for the current year.

Wall Street Analyst Weigh In

ISRG has been the subject of several research analyst reports. Wells Fargo & Company reissued an “overweight” rating and issued a $487.00 price target (down from $654.00) on shares of Intuitive Surgical in a report on Friday, July 17th. BNP Paribas Exane raised shares of Intuitive Surgical to an “outperform” rating in a research note on Tuesday, July 28th. Mizuho set a $500.00 price objective on shares of Intuitive Surgical and gave the company a “neutral” rating in a report on Wednesday, July 15th. The Goldman Sachs Group set a $558.00 target price on shares of Intuitive Surgical in a report on Wednesday, May 27th. Finally, HSBC downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $391.00 target price for the company. in a research report on Thursday, July 30th. Twenty research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Intuitive Surgical currently has an average rating of “Moderate Buy” and an average target price of $509.02.

Intuitive Surgical Company 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.