Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Bought by Syon Capital LLC

Syon Capital LLC grew its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGFree Report) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,468 shares of the medical equipment provider’s stock after purchasing an additional 49 shares during the quarter. Syon Capital LLC’s holdings in Intuitive Surgical were worth $1,170,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Norges Bank purchased a new position in Intuitive Surgical in the fourth quarter valued at about $1,313,238,000. WCM Investment Management LLC purchased a new position in Intuitive Surgical in the fourth quarter valued at about $575,536,000. International Assets Investment Management LLC grew its stake in Intuitive Surgical by 32,360.5% in the fourth quarter. International Assets Investment Management LLC now owns 686,865 shares of the medical equipment provider’s stock valued at $231,721,000 after purchasing an additional 684,749 shares in the last quarter. Alphinity Investment Management Pty Ltd boosted its stake in shares of Intuitive Surgical by 113.2% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 1,276,158 shares of the medical equipment provider’s stock worth $430,525,000 after acquiring an additional 677,455 shares in the last quarter. Finally, Coatue Management LLC boosted its stake in Intuitive Surgical by 65.7% during the 4th quarter. Coatue Management LLC now owns 1,301,595 shares of the medical equipment provider’s stock valued at $439,106,000 after purchasing an additional 516,054 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intuitive Surgical

In related news, Director Craig H. Barratt sold 1,400 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $421.06, for a total transaction of $589,484.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Craig H. Barratt sold 1,400 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $421.06, for a total transaction of $589,484.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alan J. Levy sold 2,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $370.70, for a total value of $741,400.00. Following the sale, the director now directly owns 25,319 shares in the company, valued at approximately $9,385,753.30. The disclosure for this sale can be found here. Insiders have sold 17,956 shares of company stock worth $6,927,011 in the last three months. Insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ISRG. Piper Sandler upped 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. Robert W. Baird cut their price target on Intuitive Surgical from $440.00 to $436.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Citigroup upped their price target on Intuitive Surgical from $428.00 to $462.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. The Goldman Sachs Group began coverage on Intuitive Surgical in a report on Thursday, May 30th. They issued a “buy” rating and a $500.00 price target for the company. Finally, Jefferies Financial Group upped their price target on Intuitive Surgical from $365.00 to $375.00 and gave the company a “hold” rating in a report on Friday, April 19th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $403.67.

Get Our Latest Stock Analysis on Intuitive Surgical

Intuitive Surgical Stock Performance

ISRG traded up $2.88 during mid-day trading on Friday, reaching $425.78. The stock had a trading volume of 940,996 shares, compared to its average volume of 1,163,301. The stock has a market capitalization of $151.02 billion, a P/E ratio of 76.86, a P/E/G ratio of 5.46 and a beta of 1.39. The firm’s fifty day simple moving average is $392.70 and its two-hundred day simple moving average is $373.99. Intuitive Surgical, Inc. has a 52 week low of $254.85 and a 52 week high of $428.86.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last posted its quarterly earnings results on Thursday, April 18th. The medical equipment provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.10. Intuitive Surgical had a return on equity of 12.91% and a net margin of 27.16%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company earned $1.00 EPS. The firm’s revenue was up 11.5% on a year-over-year basis. As a group, analysts expect that Intuitive Surgical, Inc. will post 4.8 EPS for the current fiscal year.

About Intuitive Surgical

(Free Report)

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.

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

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