Sugarloaf Wealth Management LLC Raises Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Sugarloaf Wealth Management LLC raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 602 shares of the medical equipment provider’s stock after purchasing an additional 34 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Intuitive Surgical were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ISRG. Godsey & Gibb Inc. raised its position in Intuitive Surgical by 140.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock valued at $29,000 after purchasing an additional 35 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Intuitive Surgical in the third quarter worth $33,000. Mark Sheptoff Financial Planning LLC bought a new stake in Intuitive Surgical in the second quarter valued at $37,000. Capital Performance Advisors LLP bought a new position in Intuitive Surgical in the 3rd quarter worth $38,000. Finally, DT Investment Partners LLC lifted its position in shares of Intuitive Surgical by 80.0% in the 3rd quarter. DT Investment Partners LLC now owns 81 shares of the medical equipment provider’s stock worth $40,000 after purchasing an additional 36 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Erste Group Bank raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Citigroup lifted their price target on Intuitive Surgical from $567.00 to $640.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Piper Sandler reiterated an “overweight” rating and issued a $538.00 price objective (up previously from $495.00) on shares of Intuitive Surgical in a report on Friday, October 18th. Evercore ISI restated a “cautious” rating on shares of Intuitive Surgical in a report on Friday, October 18th. Finally, Mizuho increased their price target on shares of Intuitive Surgical from $440.00 to $500.00 in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $554.17.

Intuitive Surgical Price Performance

Shares of NASDAQ:ISRG traded up $4.66 during trading on Friday, hitting $548.68. The company’s stock had a trading volume of 1,108,937 shares, compared to its average volume of 1,235,137. The firm has a market cap of $195.43 billion, a price-to-earnings ratio of 88.21, a P/E/G ratio of 5.31 and a beta of 1.39. The company has a 50-day moving average of $535.11 and a 200-day moving average of $493.61. Intuitive Surgical, Inc. has a 12 month low of $355.17 and a 12 month high of $556.23.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.32. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. As a group, research analysts anticipate that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current year.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, EVP Brian Edward Miller sold 2,553 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $515.00, for a total transaction of $1,314,795.00. Following the transaction, the executive vice president now owns 7,066 shares of the company’s stock, valued at $3,638,990. The trade was a 26.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Desantis sold 188 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $506.52, for a total transaction of $95,225.76. Following the completion of the sale, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,788,899.12. This trade represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,190 shares of company stock valued at $25,012,927. Company insiders own 0.90% of the company’s stock.

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.