Integrated Advisors Network LLC Buys 95 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Integrated Advisors Network LLC boosted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 6.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,598 shares of the medical equipment provider’s stock after purchasing an additional 95 shares during the quarter. Integrated Advisors Network LLC’s holdings in Intuitive Surgical were worth $539,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Baystate Wealth Management LLC increased its position in shares of Intuitive Surgical by 150.0% during the fourth quarter. Baystate Wealth Management LLC now owns 75 shares of the medical equipment provider’s stock valued at $25,000 after acquiring an additional 45 shares in the last quarter. MCF Advisors LLC raised its stake in shares of Intuitive Surgical by 108.1% in the fourth quarter. MCF Advisors LLC now owns 77 shares of the medical equipment provider’s stock worth $26,000 after purchasing an additional 40 shares during the last quarter. Able Wealth Management LLC bought a new position in shares of Intuitive Surgical during the fourth quarter valued at $28,000. Atticus Wealth Management LLC boosted its position in shares of Intuitive Surgical by 85.4% during the fourth quarter. Atticus Wealth Management LLC now owns 89 shares of the medical equipment provider’s stock valued at $30,000 after buying an additional 41 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC bought a new stake in Intuitive Surgical in the 4th quarter worth about $30,000. 83.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on ISRG shares. Stifel Nicolaus lifted their price target on shares of Intuitive Surgical from $420.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Piper Sandler increased their price target on Intuitive Surgical from $425.00 to $435.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Jefferies Financial Group upped their price objective on Intuitive Surgical from $365.00 to $375.00 and gave the company a “hold” rating in a research report on Friday, April 19th. StockNews.com cut Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, The Goldman Sachs Group started coverage on shares of Intuitive Surgical in a research note on Thursday, May 30th. They issued a “buy” rating and a $500.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $403.67.

Insiders Place Their Bets

In other news, EVP Myriam Curet sold 5,318 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $370.66, for a total transaction of $1,971,169.88. Following the completion of the transaction, the executive vice president now directly owns 298 shares in the company, valued at approximately $110,456.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Myriam Curet sold 5,318 shares of Intuitive Surgical stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $370.66, for a total value of $1,971,169.88. Following the completion of the transaction, the executive vice president now owns 298 shares in the company, valued at $110,456.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Craig H. Barratt sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $421.06, for a total value of $589,484.00. The disclosure for this sale can be found here. Insiders have sold a total of 17,956 shares of company stock valued at $6,927,011 in the last quarter. 0.80% of the stock is currently owned by insiders.

Intuitive Surgical Stock Performance

ISRG opened at $430.00 on Tuesday. The stock has a market capitalization of $152.52 billion, a price-to-earnings ratio of 77.62, a PEG ratio of 5.50 and a beta of 1.39. The company has a fifty day moving average of $393.56 and a 200 day moving average of $375.72. Intuitive Surgical, Inc. has a fifty-two week low of $254.85 and a fifty-two week high of $431.60.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, April 18th. The medical equipment provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.10. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. Intuitive Surgical had a return on equity of 12.91% and a net margin of 27.16%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 earnings per share. On average, equities research analysts forecast that Intuitive Surgical, Inc. will post 4.8 earnings per share for the current year.

About Intuitive Surgical

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.