Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Bought by Rockport Wealth LLC

Rockport Wealth LLC raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 6.3% in the 4th quarter, Holdings Channel reports. The fund owned 65,998 shares of the medical equipment provider’s stock after acquiring an additional 3,912 shares during the period. Intuitive Surgical accounts for approximately 15.4% of Rockport Wealth LLC’s holdings, making the stock its 2nd biggest position. Rockport Wealth LLC’s holdings in Intuitive Surgical were worth $34,448,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Howard Capital Management Group LLC lifted its stake in shares of Intuitive Surgical by 4.5% in 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 purchasing an additional 92 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Intuitive Surgical by 1.5% in the third quarter. Principal Financial Group Inc. now owns 602,393 shares of the medical equipment provider’s stock valued at $295,938,000 after purchasing an additional 9,194 shares during the period. Impax Asset Management Group plc lifted its stake in shares of Intuitive Surgical by 43.9% in the third quarter. Impax Asset Management Group plc now owns 5,167 shares of the medical equipment provider’s stock valued at $2,538,000 after purchasing an additional 1,577 shares during the period. Empowered Funds LLC lifted its stake in shares of Intuitive Surgical by 4.4% in the third quarter. Empowered Funds LLC now owns 8,177 shares of the medical equipment provider’s stock valued at $4,017,000 after purchasing an additional 345 shares during the period. Finally, Mizuho Securities USA LLC lifted its stake in shares of Intuitive Surgical by 6.7% in the third quarter. Mizuho Securities USA LLC now owns 29,180 shares of the medical equipment provider’s stock valued at $14,335,000 after purchasing an additional 1,835 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on ISRG. Piper Sandler reiterated an “overweight” rating and issued a $670.00 price objective (up previously from $538.00) on shares of Intuitive Surgical in a research note on Friday, January 24th. Morgan Stanley upgraded shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $522.00 to $650.00 in a report on Monday, December 2nd. JPMorgan Chase & Co. raised their target price on shares of Intuitive Surgical from $575.00 to $675.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Truist Financial raised their target price on shares of Intuitive Surgical from $640.00 to $666.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Bernstein Bank raised their target price on shares of Intuitive Surgical from $655.00 to $700.00 and gave the company an “overweight” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $613.10.

Intuitive Surgical Stock Performance

Intuitive Surgical stock opened at $484.44 on Monday. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00. The firm has a 50 day moving average price of $567.46 and a 200 day moving average price of $531.94. The company has a market cap of $172.55 billion, a price-to-earnings ratio of 75.58, a PEG ratio of 5.85 and a beta of 1.43.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, EVP Brian Edward Miller sold 8,900 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $485.07, for a total transaction of $4,317,123.00. Following the transaction, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at $2,793,033.06. The trade was a 60.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert Desantis sold 11,545 shares of Intuitive Surgical stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $499.22, for a total transaction of $5,763,494.90. Following the transaction, the executive vice president now directly owns 5,224 shares in the company, valued at approximately $2,607,925.28. This trade represents a 68.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,754 shares of company stock worth $17,691,621. 0.90% of the stock is owned by company insiders.

Intuitive Surgical 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.