Healthcare of Ontario Pension Plan Trust Fund Has $85.82 Million Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 96.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,690 shares of the medical equipment provider’s stock after purchasing an additional 85,621 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Intuitive Surgical were worth $85,820,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Creekmur Asset Management LLC raised its position in shares of Intuitive Surgical by 200.0% during the first quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider’s stock worth $25,000 after purchasing an additional 42 shares during the period. Ridgewood Investments LLC acquired a new stake in shares of Intuitive Surgical during the second quarter worth about $26,000. Godsey & Gibb Inc. raised its position in shares of Intuitive Surgical by 140.0% during the third quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock worth $29,000 after purchasing an additional 35 shares during the period. LRI Investments LLC acquired a new stake in shares of Intuitive Surgical during the first quarter worth about $30,000. Finally, LGT Financial Advisors LLC raised its position in shares of Intuitive Surgical by 415.4% during the second quarter. LGT Financial Advisors LLC now owns 67 shares of the medical equipment provider’s stock worth $30,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ISRG. Leerink Partners raised their price target on Intuitive Surgical from $489.00 to $502.00 in a research report on Thursday, October 17th. Oppenheimer reissued a “market perform” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Piper Sandler reissued an “overweight” rating and issued a $538.00 target price (up previously from $495.00) on shares of Intuitive Surgical in a research report on Friday, October 18th. BTIG Research lifted their target price on Intuitive Surgical from $535.00 to $561.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Robert W. Baird lifted their target price on Intuitive Surgical from $503.00 to $565.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $526.06.

Insider Transactions at Intuitive Surgical

In related news, General Counsel Gary Loeb sold 300 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $475.00, for a total value of $142,500.00. Following the completion of the sale, the general counsel now directly owns 1,595 shares in the company, valued at $757,625. The trade was a 15.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Robert Desantis sold 188 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $482.21, for a total value of $90,655.48. Following the completion of the sale, the executive vice president now owns 5,506 shares of the company’s stock, valued at $2,655,048.26. This trade represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 50,647 shares of company stock worth $26,170,907. 0.80% of the stock is owned by company insiders.

Intuitive Surgical Trading Up 1.0 %

Shares of NASDAQ ISRG opened at $542.10 on Wednesday. Intuitive Surgical, Inc. has a 12 month low of $304.50 and a 12 month high of $552.00. The stock has a 50 day moving average of $506.81 and a 200-day moving average of $466.29. The company has a market capitalization of $193.09 billion, a P/E ratio of 87.15, a P/E/G ratio of 5.28 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG) last issued its 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. Intuitive Surgical had a return on equity of 13.41% and a net margin of 28.51%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.01 billion. Analysts predict that Intuitive Surgical, Inc. will post 5.45 EPS for the current fiscal year.

Intuitive Surgical 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.