Blue Sky Capital Consultants Group Inc. Buys Shares of 655 Intuitive Surgical, Inc. (NASDAQ:ISRG)

Blue Sky Capital Consultants Group Inc. bought a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 655 shares of the medical equipment provider’s stock, valued at approximately $342,000.

Several other institutional investors also recently modified their holdings of the business. Atala Financial Inc acquired a new position in shares of Intuitive Surgical in the 4th quarter valued at $25,000. Berbice Capital Management LLC bought a new position in Intuitive Surgical during the fourth quarter worth about $26,000. Parvin Asset Management LLC acquired a new position in Intuitive Surgical in the fourth quarter valued at about $26,000. BankPlus Trust Department bought a new stake in shares of Intuitive Surgical in the fourth quarter worth about $28,000. Finally, Hurley Capital LLC bought a new stake in shares of Intuitive Surgical in the fourth quarter worth about $28,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ISRG. Bernstein Bank boosted their price objective on Intuitive Surgical from $655.00 to $700.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Jefferies Financial Group lifted their price target on shares of Intuitive Surgical from $475.00 to $575.00 in a research note on Monday, January 27th. Piper Sandler reduced their price target on shares of Intuitive Surgical from $670.00 to $575.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. UBS Group increased their price objective on shares of Intuitive Surgical from $500.00 to $560.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, Leerink Partners boosted their price objective on shares of Intuitive Surgical from $490.00 to $548.00 in a research report on Monday, January 27th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and an average price target of $596.05.

Insider Transactions at Intuitive Surgical

In other Intuitive Surgical news, Director Jami K. Nachtsheim sold 2,400 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $520.00, for a total transaction of $1,248,000.00. Following the completion of the sale, the director now directly owns 6,371 shares in the company, valued at $3,312,920. This represents a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Myriam Curet sold 2,401 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $581.00, for a total value of $1,394,981.00. Following the sale, the executive vice president now owns 353 shares of the company’s stock, valued at $205,093. This represents a 87.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,700 shares of company stock valued at $16,865,621 in the last quarter. Insiders own 0.70% of the company’s stock.

Intuitive Surgical Price Performance

Shares of ISRG stock opened at $539.54 on Friday. The stock has a market capitalization of $193.38 billion, a price-to-earnings ratio of 84.17, a PEG ratio of 5.85 and a beta of 1.70. The company’s fifty day simple moving average is $511.55 and its two-hundred day simple moving average is $537.84. Intuitive Surgical, Inc. has a 1 year low of $396.15 and a 1 year high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Tuesday, April 22nd. The medical equipment provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.71 by $0.10. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Intuitive Surgical had a net margin of 27.81% and a return on equity of 14.55%. During the same quarter in the previous year, the company earned $1.50 earnings per share. Equities research analysts anticipate that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

About Intuitive Surgical

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.