FUKOKU MUTUAL LIFE INSURANCE Co Acquires 56 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,207 shares of the medical equipment provider’s stock after buying an additional 56 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Intuitive Surgical were worth $1,084,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Kingsview Wealth Management LLC raised its position in shares of Intuitive Surgical by 1.2% in the first quarter. Kingsview Wealth Management LLC now owns 4,144 shares of the medical equipment provider’s stock valued at $1,654,000 after purchasing an additional 51 shares during the period. M&G Plc purchased a new stake in Intuitive Surgical during the first quarter valued at $1,318,000. Nicolet Advisory Services LLC lifted its holdings in Intuitive Surgical by 24.6% during the first quarter. Nicolet Advisory Services LLC now owns 1,059 shares of the medical equipment provider’s stock valued at $414,000 after purchasing an additional 209 shares in the last quarter. Spirepoint Private Client LLC bought a new position in shares of Intuitive Surgical during the 1st quarter valued at about $454,000. Finally, Vanguard Group Inc. raised its holdings in Intuitive Surgical by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 30,868,620 shares of the medical equipment provider’s stock valued at $12,319,358,000 after buying an additional 493,126 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Surgical Price Performance

Shares of NASDAQ ISRG opened at $537.80 on Friday. The business’s 50 day moving average is $496.95 and its two-hundred day moving average is $455.65. Intuitive Surgical, Inc. has a 1-year low of $291.39 and a 1-year high of $544.38. The stock has a market capitalization of $191.55 billion, a P/E ratio of 86.46, a PEG ratio of 5.28 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.24 by $0.32. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Intuitive Surgical had a return on equity of 13.41% and a net margin of 28.51%. As a group, equities research analysts anticipate that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ISRG has been the topic of several recent research reports. Evercore ISI reaffirmed a “cautious” rating on shares of Intuitive Surgical in a report on Friday, October 18th. The Goldman Sachs Group set a $604.00 price objective on shares of Intuitive Surgical in a research note on Friday, October 18th. Wells Fargo & Company upped their target price on shares of Intuitive Surgical from $466.00 to $549.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Oppenheimer reaffirmed a “market perform” rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Intuitive Surgical from $495.00 to $575.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Intuitive Surgical currently has an average rating of “Moderate Buy” and an average price target of $513.74.

Insider Activity

In other news, SVP Henry L. Charlton sold 40,243 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $486.84, for a total transaction of $19,591,902.12. Following the sale, the senior vice president now owns 3,001 shares in the company, valued at $1,461,006.84. The trade was a 93.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jamie Samath sold 22,903 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $525.00, for a total value of $12,024,075.00. Following the completion of the transaction, the insider now directly owns 8,757 shares in the company, valued at approximately $4,597,425. The trade was a 72.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 91,178 shares of company stock valued at $45,897,071 in the last 90 days. 0.90% of the stock is currently owned by insiders.

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.