Sage Mountain Advisors LLC Has $449,000 Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Sage Mountain Advisors LLC grew its position in Intuitive Surgical, Inc. (NASDAQ:ISRGFree Report) by 6.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,330 shares of the medical equipment provider’s stock after purchasing an additional 77 shares during the period. Sage Mountain Advisors LLC’s holdings in Intuitive Surgical were worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. North Star Asset Management Inc. grew its position in shares of Intuitive Surgical by 3.8% in the fourth quarter. North Star Asset Management Inc. now owns 22,294 shares of the medical equipment provider’s stock valued at $7,521,000 after purchasing an additional 819 shares during the last quarter. MCF Advisors LLC grew its position in Intuitive Surgical by 108.1% during the fourth quarter. MCF Advisors LLC now owns 77 shares of the medical equipment provider’s stock worth $26,000 after buying an additional 40 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in Intuitive Surgical during the fourth quarter worth approximately $443,000. Smith & Howard Wealth Management LLC acquired a new stake in Intuitive Surgical during the fourth quarter worth approximately $225,000. Finally, CWM LLC grew its position in Intuitive Surgical by 26.4% during the fourth quarter. CWM LLC now owns 31,924 shares of the medical equipment provider’s stock worth $10,770,000 after buying an additional 6,659 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ISRG. Royal Bank of Canada upped their target price on Intuitive Surgical from $400.00 to $432.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Raymond James upped their target price on Intuitive Surgical from $372.00 to $435.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Mizuho upped their target price on Intuitive Surgical from $350.00 to $390.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Truist Financial upped their target price on Intuitive Surgical from $390.00 to $435.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, Barclays upped their target price on Intuitive Surgical from $385.00 to $430.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and an average price target of $396.17.

Read Our Latest Report on Intuitive Surgical

Intuitive Surgical Stock Up 0.7 %

NASDAQ ISRG opened at $368.93 on Tuesday. The company has a market capitalization of $130.77 billion, a price-to-earnings ratio of 66.59, a PEG ratio of 5.69 and a beta of 1.36. Intuitive Surgical, Inc. has a twelve month low of $254.85 and a twelve month high of $403.76. The stock has a fifty day simple moving average of $386.57 and a 200 day simple moving average of $344.41.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last posted its quarterly earnings data on Thursday, April 18th. The medical equipment provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.10. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.87 billion. Intuitive Surgical had a return on equity of 12.91% and a net margin of 27.16%. Intuitive Surgical’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 earnings per share. Research analysts expect that Intuitive Surgical, Inc. will post 4.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intuitive Surgical news, Director Alan J. Levy sold 2,000 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $370.20, for a total transaction of $740,400.00. Following the completion of the sale, the director now directly owns 25,319 shares in the company, valued at approximately $9,373,093.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP Marshall Mohr sold 108,790 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $385.08, for a total value of $41,892,853.20. Following the completion of the sale, the vice president now directly owns 26,877 shares in the company, valued at approximately $10,349,795.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alan J. Levy sold 2,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $370.20, for a total value of $740,400.00. Following the completion of the sale, the director now owns 25,319 shares of the company’s stock, valued at $9,373,093.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 248,418 shares of company stock worth $95,927,097. Company insiders own 0.80% of the company’s stock.

About Intuitive Surgical

(Free Report)

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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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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