SBI Securities Co. Ltd. Invests $4.50 Million in Intuitive Surgical, Inc. (NASDAQ:ISRG)

SBI Securities Co. Ltd. bought a new stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,626 shares of the medical equipment provider’s stock, valued at approximately $4,502,000.

A number of other institutional investors have also recently made changes to their positions in ISRG. Massachusetts Financial Services Co. MA bought a new stake in Intuitive Surgical in the third quarter worth $558,807,000. Proficio Capital Partners LLC raised its stake in shares of Intuitive Surgical by 89,098.8% in the fourth quarter. Proficio Capital Partners LLC now owns 949,967 shares of the medical equipment provider’s stock valued at $495,845,000 after acquiring an additional 948,902 shares during the period. FMR LLC lifted its holdings in shares of Intuitive Surgical by 8.3% in the 3rd quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider’s stock worth $5,389,765,000 after acquiring an additional 838,793 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of Intuitive Surgical by 15,322.2% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 555,661 shares of the medical equipment provider’s stock worth $272,980,000 after purchasing an additional 552,058 shares during the period. Finally, Strategic Financial Concepts LLC boosted its stake in shares of Intuitive Surgical by 50,740.8% during the 4th quarter. Strategic Financial Concepts LLC now owns 312,671 shares of the medical equipment provider’s stock worth $163,202,000 after purchasing an additional 312,056 shares during the period. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Performance

Intuitive Surgical stock opened at $573.15 on Friday. The company has a market capitalization of $204.14 billion, a price-to-earnings ratio of 89.42, a price-to-earnings-growth ratio of 5.85 and a beta of 1.39. The company’s 50 day simple moving average is $569.87 and its 200-day simple moving average is $529.06. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00.

Wall Street Analysts Forecast Growth

ISRG has been the subject of several analyst reports. BTIG Research raised their price objective on shares of Intuitive Surgical from $535.00 to $561.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Leerink Partners raised their price target on Intuitive Surgical from $490.00 to $548.00 in a research note on Monday, January 27th. Jefferies Financial Group boosted their price objective on Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. Bernstein Bank increased their target price on Intuitive Surgical from $655.00 to $700.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company boosted their target price on shares of Intuitive Surgical from $630.00 to $687.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $613.10.

Insiders Place Their Bets

In other Intuitive Surgical news, CFO Jamie Samath sold 269 shares of Intuitive Surgical stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $590.00, for a total value of $158,710.00. Following the completion of the transaction, the chief financial officer now directly owns 3,282 shares of the company’s stock, valued at $1,936,380. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Myriam Curet sold 2,401 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $581.00, for a total transaction of $1,394,981.00. Following the sale, the executive vice president now owns 353 shares in the company, valued at $205,093. This trade represents a 87.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,077 shares of company stock worth $4,620,025 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.

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.