By otakuyassine3@gmail.com 
Quotient Wealth Partners LLC lifted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) by 6.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,619 shares of the medical equipment provider’s stock after buying an additional 97 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Intuitive Surgical were worth $845,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Berbice Capital Management LLC bought a new position in Intuitive Surgical in the fourth quarter worth about $26,000. Godsey & Gibb Inc. raised its position in shares of Intuitive Surgical by 140.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock worth $29,000 after purchasing an additional 35 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in shares of Intuitive Surgical in the 3rd quarter worth approximately $33,000. Decker Retirement Planning Inc. acquired a new position in Intuitive Surgical during the 4th quarter valued at approximately $36,000. Finally, Capital Performance Advisors LLP acquired a new stake in Intuitive Surgical in the third quarter worth $38,000. 83.64% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
ISRG has been the subject of several analyst reports. Wells Fargo & Company boosted their price target on shares of Intuitive Surgical from $630.00 to $687.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Erste Group Bank upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley upgraded Intuitive Surgical from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $522.00 to $650.00 in a research report on Monday, December 2nd. Royal Bank of Canada raised their target price on Intuitive Surgical from $611.00 to $641.00 in a research report on Monday, January 27th. Finally, Truist Financial raised their price target on Intuitive Surgical from $640.00 to $666.00 and gave the company a “buy” rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $613.10.
Read Our Latest Analysis on Intuitive Surgical
Intuitive Surgical Stock Down 0.9 %
Shares of NASDAQ:ISRG opened at $582.98 on Friday. The company has a market cap of $207.65 billion, a P/E ratio of 90.95, a price-to-earnings-growth ratio of 5.67 and a beta of 1.39. The company’s fifty day moving average is $554.85 and its two-hundred day moving average is $513.96. Intuitive Surgical, Inc. has a 12-month low of $364.17 and a 12-month high of $616.00.
Insider Activity
In other Intuitive Surgical news, EVP Robert Desantis sold 376 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $539.00, for a total value of $202,664.00. Following the transaction, the executive vice president now owns 5,506 shares in the company, valued at $2,967,734. The trade was a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Amal M. Johnson sold 4,635 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $566.60, for a total value of $2,626,191.00. Following the sale, the director now directly owns 12,275 shares of the company’s stock, valued at $6,955,015. This trade represents a 27.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,940 shares of company stock worth $3,333,485 in the last 90 days. Company 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.
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