7,587 Shares in Intuitive Surgical, Inc. (NASDAQ:ISRG) Acquired by Illumine Investment Management LLC

Illumine Investment Management LLC bought a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,587 shares of the medical equipment provider’s stock, valued at approximately $3,960,000. Intuitive Surgical makes up about 3.3% of Illumine Investment Management LLC’s investment portfolio, making the stock its 3rd biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Howard Capital Management Group LLC raised its holdings in shares of Intuitive Surgical by 4.5% during the third quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider’s stock valued at $1,044,000 after acquiring an additional 92 shares during the period. Pallas Capital Advisors LLC grew its stake in Intuitive Surgical by 4.6% in the 3rd quarter. Pallas Capital Advisors LLC now owns 1,626 shares of the medical equipment provider’s stock valued at $832,000 after buying an additional 71 shares during the last quarter. Integrated Advisors Network LLC grew its stake in Intuitive Surgical by 13.9% in the 3rd quarter. Integrated Advisors Network LLC now owns 1,753 shares of the medical equipment provider’s stock valued at $861,000 after buying an additional 214 shares during the last quarter. Valmark Advisers Inc. grew its stake in Intuitive Surgical by 2.9% in the 3rd quarter. Valmark Advisers Inc. now owns 935 shares of the medical equipment provider’s stock valued at $459,000 after buying an additional 26 shares during the last quarter. Finally, Evermay Wealth Management LLC boosted its holdings in Intuitive Surgical by 32.6% in the 3rd quarter. Evermay Wealth Management LLC now owns 427 shares of the medical equipment provider’s stock valued at $210,000 after purchasing an additional 105 shares during the period. 83.64% of the stock is currently owned by institutional investors.

Intuitive Surgical Price Performance

Intuitive Surgical stock opened at $563.77 on Friday. The company’s 50 day simple moving average is $568.89 and its 200 day simple moving average is $527.90. Intuitive Surgical, Inc. has a fifty-two week low of $364.17 and a fifty-two week high of $616.00. The firm has a market capitalization of $200.80 billion, a price-to-earnings ratio of 87.95, a PEG ratio of 5.85 and a beta of 1.39.

Analyst Ratings Changes

A number of brokerages have weighed in on ISRG. Evercore ISI increased their price target on shares of Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. UBS Group raised their price objective on shares of Intuitive Surgical from $500.00 to $560.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Wells Fargo & Company lifted 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. Piper Sandler reissued an “overweight” rating and set a $670.00 price target (up from $538.00) on shares of Intuitive Surgical in a report on Friday, January 24th. Finally, BTIG Research lifted their price target on shares of Intuitive Surgical from $535.00 to $561.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $613.10.

Insider Buying and Selling

In other Intuitive Surgical news, EVP Myriam Curet sold 408 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $589.75, for a total value of $240,618.00. Following the transaction, the executive vice president now owns 353 shares of the company’s stock, valued at approximately $208,181.75. The trade was a 53.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jamie Samath sold 270 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $540.15, for a total transaction of $145,840.50. Following the completion of the transaction, the chief financial officer now directly owns 8,757 shares in the company, valued at approximately $4,730,093.55. The trade was a 2.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,077 shares of company stock valued at $4,620,025 in the last 90 days. 0.80% of the stock is owned by insiders.

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.