Norinchukin Bank The Has $9.06 Million Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Norinchukin Bank The lifted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 32.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,660 shares of the medical equipment provider’s stock after acquiring an additional 2,103 shares during the quarter. Norinchukin Bank The’s holdings in Intuitive Surgical were worth $9,058,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Autus Asset Management LLC grew its stake in shares of Intuitive Surgical by 183.8% during the third quarter. Autus Asset Management LLC now owns 24,210 shares of the medical equipment provider’s stock worth $8,440,000 after purchasing an additional 15,680 shares during the period. Pacer Advisors Inc. grew its stake in shares of Intuitive Surgical by 15.8% during the third quarter. Pacer Advisors Inc. now owns 1,273 shares of the medical equipment provider’s stock worth $1,331,000 after purchasing an additional 174 shares during the period. Biondo Investment Advisors LLC grew its stake in shares of Intuitive Surgical by 193.2% during the third quarter. Biondo Investment Advisors LLC now owns 88,194 shares of the medical equipment provider’s stock worth $30,747,000 after purchasing an additional 58,111 shares during the period. Fayez Sarofim & Co. grew its stake in shares of Intuitive Surgical by 0.9% during the third quarter. Fayez Sarofim & Co. now owns 51,165 shares of the medical equipment provider’s stock worth $53,512,000 after purchasing an additional 448 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Intuitive Surgical by 5.1% in the third quarter. Ameriprise Financial Inc. now owns 20,435 shares of the medical equipment provider’s stock valued at $21,373,000 after acquiring an additional 984 shares during the period. Institutional investors own 32.81% of the company’s stock.

In other news, VP Jamie Samath sold 1,564 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $371.19, for a total value of $580,541.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Craig H. Barratt sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $371.18, for a total value of $5,567,700.00. Following the completion of the transaction, the insider now directly owns 7,500 shares in the company, valued at approximately $2,783,850. The disclosure for this sale can be found here. Insiders sold 55,944 shares of company stock worth $21,432,971 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Shares of Intuitive Surgical, Inc. (ISRG) opened at $383.78 on Friday. Intuitive Surgical, Inc. has a twelve month low of $204.79 and a twelve month high of $405.05. The stock has a market capitalization of $42,710.00, a PE ratio of 48.90, a P/E/G ratio of 5.13 and a beta of 0.48.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.78. The business had revenue of $806.10 million for the quarter, compared to analyst estimates of $753.25 million. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. Intuitive Surgical’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.06 earnings per share. equities analysts expect that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current fiscal year.

A number of research firms have issued reports on ISRG. Vetr cut Intuitive Surgical from a “buy” rating to a “hold” rating and set a $111.83 target price for the company. in a research note on Wednesday, August 16th. BidaskClub raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Canaccord Genuity reissued a “hold” rating on shares of Intuitive Surgical in a research note on Tuesday, October 17th. Wells Fargo & Company reissued a “buy” rating on shares of Intuitive Surgical in a research note on Monday, October 16th. Finally, Zacks Investment Research cut Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $155.78.

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Intuitive Surgical Company Profile

Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.

Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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