Nisa Investment Advisors LLC raised its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 196.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,771 shares of the medical equipment provider’s stock after purchasing an additional 20,398 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Intuitive Surgical were worth $11,230,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in ISRG. Stifel Financial Corp grew its position in shares of Intuitive Surgical by 11.2% during the 2nd quarter. Stifel Financial Corp now owns 8,356 shares of the medical equipment provider’s stock worth $7,837,000 after buying an additional 841 shares during the period. First Trust Advisors LP grew its position in Intuitive Surgical by 61.4% in the 3rd quarter. First Trust Advisors LP now owns 51,130 shares of the medical equipment provider’s stock valued at $53,476,000 after purchasing an additional 19,458 shares during the period. Davis R M Inc. acquired a new stake in Intuitive Surgical in the 3rd quarter valued at $219,000. Point72 Asset Management L.P. acquired a new stake in Intuitive Surgical in the 3rd quarter valued at $24,264,000. Finally, Tower Research Capital LLC TRC grew its position in Intuitive Surgical by 122.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 819 shares of the medical equipment provider’s stock valued at $766,000 after purchasing an additional 450 shares during the period. 32.82% of the stock is owned by institutional investors and hedge funds.
Intuitive Surgical, Inc. (NASDAQ ISRG) opened at $433.23 on Friday. Intuitive Surgical, Inc. has a twelve month low of $217.19 and a twelve month high of $436.57. The company has a market capitalization of $48,542.55, a PE ratio of 55.97, a PEG ratio of 5.39 and a beta of 0.47.
In related news, SVP Curet Myriam sold 262 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $373.00, for a total value of $97,726.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Marshall Mohr sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $372.22, for a total value of $2,233,320.00. Following the completion of the sale, the chief financial officer now owns 12,316 shares of the company’s stock, valued at approximately $4,584,261.52. The disclosure for this sale can be found here. Insiders have sold 55,944 shares of company stock valued at $21,432,971 in the last three months. 2.20% of the stock is owned by insiders.
Several analysts recently issued reports on ISRG shares. Wedbush reissued an “outperform” rating and issued a $353.33 price target on shares of Intuitive Surgical in a research report on Monday, September 25th. Barclays restated an “overweight” rating on shares of Intuitive Surgical in a research note on Friday, October 20th. BidaskClub cut Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 target price on the stock in a research note on Tuesday, December 12th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Intuitive Surgical in a research note on Saturday, November 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $368.71.
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About Intuitive Surgical
Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.
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