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.
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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