PVG Asset Management Corp Acquires Shares of 599 Intuitive Surgical, Inc. (NASDAQ:ISRG)

PVG Asset Management Corp bought a new stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 599 shares of the medical equipment provider’s stock, valued at approximately $202,000. Intuitive Surgical comprises 1.0% of PVG Asset Management Corp’s holdings, making the stock its 27th biggest position.

A number of other hedge funds have also made changes to their positions in the stock. Provence Wealth Management Group bought a new position in Intuitive Surgical during the 4th quarter worth approximately $276,000. Portside Wealth Group LLC boosted its holdings in Intuitive Surgical by 8.2% in the fourth quarter. Portside Wealth Group LLC now owns 816 shares of the medical equipment provider’s stock worth $275,000 after purchasing an additional 62 shares during the period. Sequoia Financial Advisors LLC increased its stake in Intuitive Surgical by 58.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 8,315 shares of the medical equipment provider’s stock valued at $2,805,000 after purchasing an additional 3,054 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Intuitive Surgical by 5.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 191,283 shares of the medical equipment provider’s stock worth $64,531,000 after buying an additional 9,869 shares during the last quarter. Finally, HCR Wealth Advisors boosted its holdings in shares of Intuitive Surgical by 26.3% in the 4th quarter. HCR Wealth Advisors now owns 1,042 shares of the medical equipment provider’s stock valued at $352,000 after buying an additional 217 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

ISRG has been the topic of a number of research reports. StockNews.com cut Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Stifel Nicolaus raised their price target on shares of Intuitive Surgical from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Jefferies Financial Group increased their price objective on Intuitive Surgical from $365.00 to $375.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Piper Sandler lifted their target price on Intuitive Surgical from $425.00 to $435.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Finally, The Goldman Sachs Group began coverage on shares of Intuitive Surgical in a research note on Thursday, May 30th. They set a “buy” rating and a $500.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $403.67.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, Director Craig H. Barratt sold 1,400 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $421.06, for a total value of $589,484.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Craig H. Barratt sold 1,400 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $421.06, for a total transaction of $589,484.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Mark Brosius sold 175 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $389.16, for a total transaction of $68,103.00. Following the sale, the senior vice president now directly owns 883 shares in the company, valued at approximately $343,628.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,956 shares of company stock worth $6,927,011. Company insiders own 0.80% of the company’s stock.

Intuitive Surgical Stock Up 0.9 %

NASDAQ ISRG traded up $3.82 during trading on Monday, hitting $429.60. The company’s stock had a trading volume of 388,334 shares, compared to its average volume of 1,493,324. Intuitive Surgical, Inc. has a 52 week low of $254.85 and a 52 week high of $429.77. The firm has a market cap of $152.38 billion, a P/E ratio of 76.86, a price-to-earnings-growth ratio of 5.50 and a beta of 1.39. The firm has a 50 day moving average price of $392.70 and a 200 day moving average price of $374.88.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, April 18th. The medical equipment provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.10. Intuitive Surgical had a net margin of 27.16% and a return on equity of 12.91%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Intuitive Surgical’s revenue was up 11.5% compared to the same quarter last year. On average, equities analysts expect that Intuitive Surgical, Inc. will post 4.8 earnings per share for the current year.

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.