Prudential PLC Has $3.98 Million Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Prudential PLC grew its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) by 867.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,072 shares of the medical equipment provider’s stock after acquiring an additional 9,927 shares during the period. Prudential PLC’s holdings in Intuitive Surgical were worth $3,978,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Pictet & Cie Europe SA increased its holdings in shares of Intuitive Surgical by 0.7% during the third quarter. Pictet & Cie Europe SA now owns 54,478 shares of the medical equipment provider’s stock worth $54,159,000 after purchasing an additional 381 shares during the period. AlphaCrest Capital Management LLC bought a new position in shares of Intuitive Surgical during the third quarter worth approximately $298,000. Essex Financial Services Inc. increased its holdings in shares of Intuitive Surgical by 22.7% during the third quarter. Essex Financial Services Inc. now owns 1,201 shares of the medical equipment provider’s stock worth $1,194,000 after purchasing an additional 222 shares during the period. US Bancorp DE increased its holdings in shares of Intuitive Surgical by 1.0% during the third quarter. US Bancorp DE now owns 23,855 shares of the medical equipment provider’s stock worth $23,716,000 after purchasing an additional 237 shares during the period. Finally, BOKF NA bought a new position in shares of Intuitive Surgical during the third quarter worth approximately $11,955,000. Hedge funds and other institutional investors own 83.69% of the company’s stock.

In other news, EVP Myriam Curet sold 6,000 shares of the company’s stock in a transaction dated Tuesday, April 26th. The shares were sold at an average price of $252.51, for a total transaction of $1,515,060.00. Following the transaction, the executive vice president now owns 361 shares in the company, valued at $91,156.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Several brokerages have recently commented on ISRG. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Intuitive Surgical from $323.00 to $300.00 and set a “hold” rating on the stock in a report on Friday, January 21st. Evercore ISI decreased their price objective on shares of Intuitive Surgical from $294.00 to $280.00 in a research note on Friday, April 22nd. Robert W. Baird decreased their price objective on shares of Intuitive Surgical from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Friday, January 21st. Piper Sandler lifted their price objective on shares of Intuitive Surgical from $310.00 to $316.00 and gave the company an “overweight” rating in a research note on Friday, April 22nd. Finally, Zacks Investment Research cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $257.00 price objective on the stock. in a research note on Wednesday, April 27th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $323.70.

ISRG stock traded down $6.56 during midday trading on Wednesday, hitting $218.62. The stock had a trading volume of 39,561 shares, compared to its average volume of 2,810,308. The firm has a market cap of $78.48 billion, a P/E ratio of 50.08, a price-to-earnings-growth ratio of 5.10 and a beta of 1.26. Intuitive Surgical, Inc. has a 1-year low of $206.60 and a 1-year high of $369.69. The business has a fifty day moving average price of $266.98 and a two-hundred day moving average price of $301.73.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last announced its quarterly earnings data on Thursday, April 21st. The medical equipment provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.07. Intuitive Surgical had a net margin of 27.84% and a return on equity of 14.16%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. Analysts predict that Intuitive Surgical, Inc. will post 4.14 EPS for the current fiscal year.

Intuitive Surgical Company Profile (Get Rating)

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 to enable 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.

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

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