Intuitive Surgical, Inc. (ISRG) Shares Bought by Hikari Tsushin Inc.

Hikari Tsushin Inc. lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 200.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,340 shares of the medical equipment provider’s stock after purchasing an additional 7,560 shares during the quarter. Intuitive Surgical comprises 1.2% of Hikari Tsushin Inc.’s holdings, making the stock its 13th largest position. Hikari Tsushin Inc.’s holdings in Intuitive Surgical were worth $3,953,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. ETF Managers Group LLC purchased a new position in shares of Intuitive Surgical in the second quarter worth about $110,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Intuitive Surgical in the second quarter worth about $120,000. Parallel Advisors LLC raised its position in Intuitive Surgical by 3.9% during the second quarter. Parallel Advisors LLC now owns 159 shares of the medical equipment provider’s stock valued at $149,000 after acquiring an additional 6 shares in the last quarter. Lincoln National Corp purchased a new position in Intuitive Surgical during the third quarter valued at approximately $200,000. Finally, MUFG Americas Holdings Corp purchased a new position in Intuitive Surgical during the third quarter valued at approximately $208,000. Hedge funds and other institutional investors own 32.80% of the company’s stock.

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at $360.56 on Friday. Intuitive Surgical, Inc. has a 1-year low of $208.24 and a 1-year high of $405.05. The company has a market capitalization of $41,578.70, a P/E ratio of 49.11, a price-to-earnings-growth ratio of 5.15 and a beta of 0.48.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, beating the consensus estimate of $1.99 by $0.78. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. The company had revenue of $806.10 million for the quarter, compared to analyst estimates of $753.25 million. During the same period last year, the company earned $2.06 earnings per share. Intuitive Surgical’s quarterly revenue was up 18.0% compared to the same quarter last year. research analysts anticipate that Intuitive Surgical, Inc. will post 7.85 EPS for the current fiscal year.

Several research analysts recently weighed in on ISRG shares. Wedbush reiterated a “buy” rating on shares of Intuitive Surgical in a research report on Tuesday, October 10th. Barclays reiterated an “overweight” rating on shares of Intuitive Surgical in a research report on Friday, October 20th. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 price target for the company in a research report on Tuesday. Vetr upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $340.77 price target for the company in a research report on Monday, August 28th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $333.33 price target on shares of Intuitive Surgical in a research report on Friday, September 1st. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $335.32.

In other Intuitive Surgical news, insider Craig H. Barratt sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $371.18, for a total value of $5,567,700.00. Following the sale, the insider now directly owns 7,500 shares of the company’s stock, valued at $2,783,850. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Curet Myriam sold 262 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $373.00, for a total value of $97,726.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,944 shares of company stock worth $21,432,971. 2.20% of the stock is owned by corporate insiders.

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About Intuitive Surgical

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.

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

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