Legacy CG LLC Purchases 1,861 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Legacy CG LLC raised its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 28.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,479 shares of the medical equipment provider’s stock after acquiring an additional 1,861 shares during the quarter. Legacy CG LLC’s holdings in Intuitive Surgical were worth $4,426,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new stake in Intuitive Surgical during the fourth quarter worth approximately $26,000. Godsey & Gibb Inc. increased its position in Intuitive Surgical by 140.0% in the 3rd quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock worth $29,000 after buying an additional 35 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in Intuitive Surgical in the 3rd quarter valued at $33,000. Decker Retirement Planning Inc. acquired a new position in shares of Intuitive Surgical during the fourth quarter valued at about $36,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Intuitive Surgical in the third quarter valued at about $38,000. 83.64% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Robert Desantis sold 376 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $539.00, for a total transaction of $202,664.00. Following the completion of the transaction, the executive vice president now owns 5,506 shares in the company, valued at approximately $2,967,734. This represents a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jamie Samath sold 22,903 shares of Intuitive Surgical stock in a transaction on Friday, November 8th. The shares were sold at an average price of $525.00, for a total transaction of $12,024,075.00. Following the completion of the sale, the insider now owns 8,757 shares in the company, valued at $4,597,425. The trade was a 72.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,843 shares of company stock valued at $15,357,560. Company insiders own 0.80% of the company’s stock.

Intuitive Surgical Price Performance

NASDAQ:ISRG opened at $590.90 on Thursday. The stock has a market capitalization of $210.47 billion, a PE ratio of 92.18, a price-to-earnings-growth ratio of 5.51 and a beta of 1.39. The business’s 50-day simple moving average is $551.99 and its 200-day simple moving average is $512.04. Intuitive Surgical, Inc. has a fifty-two week low of $364.17 and a fifty-two week high of $616.00.

Wall Street Analyst Weigh In

Several research firms have commented on ISRG. Morgan Stanley raised Intuitive Surgical from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $522.00 to $650.00 in a report on Monday, December 2nd. Bernstein Bank increased their target price on Intuitive Surgical from $655.00 to $700.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Erste Group Bank upgraded Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Leerink Partners raised their price objective on shares of Intuitive Surgical from $490.00 to $548.00 in a report on Monday, January 27th. Finally, Jefferies Financial Group increased their target price on Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $613.10.

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.