ISRG
A bigger bet on the robot-doc king
KBC Group NV quietly added 18,697 shares of Intuitive Surgical in the fourth quarter, lifting its stake to 420,593 shares. That’s about $238.2 million worth of ISRG — not exactly pocket change, even for a big institution.
Why this matters
When a heavyweight investor keeps buying, it can read like a “we’ll take another scoop” signal. In this case, the timing is interesting because Intuitive also just posted a solid quarter: EPS of $2.53 versus $2.27 expected, with revenue hitting $2.87 billion, up 18.8% from a year ago.
The stock is still getting mixed messages
Not everyone is pounding the table, though. The article also notes insider selling of 32,943 shares last quarter and a few analysts trimming price targets. Still, the Street’s broader view remains upbeat, with consensus still sitting at a Moderate Buy.
Big picture: one institution buying more doesn’t make a trend by itself, but in a name like Intuitive Surgical, it’s another reminder that the market still sees a lot to like in the robot-assisted surgery story.