Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Bought by Realta Investment Advisors

Realta Investment Advisors increased its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,200 shares of the medical equipment provider’s stock after buying an additional 81 shares during the period. Realta Investment Advisors’ holdings in Intuitive Surgical were worth $1,178,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ISRG. Atomi Financial Group Inc. grew its position in Intuitive Surgical by 15.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 1,363 shares of the medical equipment provider’s stock worth $669,000 after purchasing an additional 178 shares in the last quarter. Brookstone Capital Management boosted its position in shares of Intuitive Surgical by 15.2% in the third quarter. Brookstone Capital Management now owns 14,439 shares of the medical equipment provider’s stock worth $7,093,000 after buying an additional 1,909 shares during the period. Daymark Wealth Partners LLC grew its holdings in shares of Intuitive Surgical by 0.3% during the third quarter. Daymark Wealth Partners LLC now owns 7,027 shares of the medical equipment provider’s stock valued at $3,452,000 after buying an additional 24 shares in the last quarter. CWM LLC raised its position in Intuitive Surgical by 5.3% during the third quarter. CWM LLC now owns 43,152 shares of the medical equipment provider’s stock valued at $21,199,000 after buying an additional 2,162 shares during the period. Finally, Marcum Wealth LLC lifted its stake in Intuitive Surgical by 1.1% in the 3rd quarter. Marcum Wealth LLC now owns 2,689 shares of the medical equipment provider’s stock worth $1,321,000 after acquiring an additional 29 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Oppenheimer reiterated a “market perform” rating on shares of Intuitive Surgical in a report on Friday, October 18th. Royal Bank of Canada upped their price objective on shares of Intuitive Surgical from $611.00 to $641.00 in a research note on Monday, January 27th. Piper Sandler reissued an “overweight” rating and set a $670.00 target price (up previously from $538.00) on shares of Intuitive Surgical in a research note on Friday, January 24th. Robert W. Baird upped their price target on shares of Intuitive Surgical from $503.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, Mizuho lifted their price objective on Intuitive Surgical from $440.00 to $500.00 in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $613.10.

Insiders Place Their Bets

In other news, insider Jamie Samath sold 269 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $539.89, for a total transaction of $145,230.41. Following the completion of the transaction, the insider now owns 8,757 shares of the company’s stock, valued at approximately $4,727,816.73. This represents a 2.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Desantis sold 376 shares of Intuitive Surgical 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 sale, the executive vice president now directly owns 5,506 shares in the company, valued at approximately $2,967,734. This trade represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,940 shares of company stock valued at $3,333,485 in the last three months. Company insiders own 0.80% of the company’s stock.

Intuitive Surgical Stock Performance

NASDAQ ISRG opened at $588.50 on Friday. The stock has a 50-day simple moving average of $554.03 and a 200 day simple moving average of $513.12. Intuitive Surgical, Inc. has a twelve month low of $364.17 and a twelve month high of $616.00. The stock has a market capitalization of $209.61 billion, a PE ratio of 91.81, a P/E/G ratio of 5.51 and a beta of 1.39.

Intuitive Surgical 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.