Simmons Bank increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,307 shares of the medical equipment provider’s stock after acquiring an additional 1,385 shares during the quarter. Simmons Bank’s holdings in Intuitive Surgical were worth $9,802,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Draper Asset Management LLC boosted its position in shares of Intuitive Surgical by 41.9% during the fourth quarter. Draper Asset Management LLC now owns 5,029 shares of the medical equipment provider’s stock worth $2,848,000 after acquiring an additional 1,485 shares during the last quarter. Atlantic Union Bankshares Corp boosted its position in shares of Intuitive Surgical by 19.3% during the third quarter. Atlantic Union Bankshares Corp now owns 22,759 shares of the medical equipment provider’s stock worth $10,179,000 after acquiring an additional 3,676 shares during the last quarter. Valley Wealth Managers Inc. boosted its position in shares of Intuitive Surgical by 52.7% during the third quarter. Valley Wealth Managers Inc. now owns 4,084 shares of the medical equipment provider’s stock worth $1,826,000 after acquiring an additional 1,409 shares during the last quarter. AGF Management Ltd. raised its stake in Intuitive Surgical by 0.6% during the third quarter. AGF Management Ltd. now owns 464,179 shares of the medical equipment provider’s stock valued at $207,595,000 after purchasing an additional 2,575 shares in the last quarter. Finally, AE Wealth Management LLC raised its stake in Intuitive Surgical by 18.9% during the third quarter. AE Wealth Management LLC now owns 11,556 shares of the medical equipment provider’s stock valued at $5,168,000 after purchasing an additional 1,836 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.
Intuitive Surgical Trading Up 0.1%
Shares of ISRG opened at $432.27 on Thursday. Intuitive Surgical, Inc. has a twelve month low of $417.74 and a twelve month high of $603.88. The company has a market cap of $153.09 billion, a P/E ratio of 52.40, a P/E/G ratio of 3.45 and a beta of 1.51. The company’s fifty day simple moving average is $466.62 and its 200-day simple moving average is $515.53.
Wall Street Analyst Weigh In
ISRG has been the topic of a number of recent research reports. Jefferies Financial Group decreased their price target on shares of Intuitive Surgical from $560.00 to $515.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. The Goldman Sachs Group upped their price target on shares of Intuitive Surgical from $609.00 to $621.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. BTIG Research reaffirmed a “buy” rating and set a $574.00 price target on shares of Intuitive Surgical in a research note on Wednesday, April 22nd. Piper Sandler decreased their price target on shares of Intuitive Surgical from $620.00 to $580.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Finally, Mizuho set a $525.00 price target on shares of Intuitive Surgical and gave the company a “neutral” rating in a research note on Monday, April 13th. Eighteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $581.91.
View Our Latest Research Report on ISRG
Insiders Place Their Bets
In other news, SVP Mark Brosius sold 645 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $485.01, for a total value of $312,831.45. Following the sale, the senior vice president owned 1,613 shares of the company’s stock, valued at approximately $782,321.13. This represents a 28.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Gary Loeb sold 400 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $446.95, for a total transaction of $178,780.00. Following the completion of the sale, the executive vice president directly owned 6,120 shares in the company, valued at approximately $2,735,334. This represents a 6.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 5,647 shares of company stock valued at $2,760,359. 0.60% of the stock is currently owned by company insiders.
Intuitive Surgical Company Profile
Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.
In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.
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