RPG Investment Advisory LLC Grows Holdings in Intuitive Surgical, Inc. $ISRG

RPG Investment Advisory LLC raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 20.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 40,752 shares of the medical equipment provider’s stock after purchasing an additional 6,945 shares during the quarter. Intuitive Surgical accounts for about 2.6% of RPG Investment Advisory LLC’s portfolio, making the stock its 11th largest position. RPG Investment Advisory LLC’s holdings in Intuitive Surgical were worth $23,080,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Holos Integrated Wealth LLC bought a new position in Intuitive Surgical in the fourth quarter valued at $25,000. Greykasell Wealth Strategies Inc. purchased a new stake in Intuitive Surgical during the third quarter valued at about $27,000. Olistico Wealth LLC bought a new stake in Intuitive Surgical during the fourth quarter worth about $28,000. Caitlin John LLC bought a new stake in Intuitive Surgical during the third quarter worth about $30,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in Intuitive Surgical during the third quarter worth about $33,000. 83.64% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP Fredrik Widman sold 133 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $494.96, for a total value of $65,829.68. Following the transaction, the vice president owned 660 shares in the company, valued at approximately $326,673.60. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Myriam Curet sold 105 shares of Intuitive Surgical stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $493.95, for a total transaction of $51,864.75. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 32,943 shares of company stock worth $17,279,568. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ISRG shares. Wells Fargo & Company increased their price objective on Intuitive Surgical from $600.00 to $654.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. Zacks Research downgraded Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. HSBC upped their target price on Intuitive Surgical from $644.00 to $653.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. UBS Group decreased their price target on shares of Intuitive Surgical from $570.00 to $550.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. Finally, Royal Bank Of Canada boosted their price objective on shares of Intuitive Surgical from $625.00 to $650.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $614.95.

Intuitive Surgical Stock Performance

ISRG opened at $452.07 on Friday. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $603.88. The business’s 50-day moving average price is $487.43 and its 200-day moving average price is $513.65. The company has a market cap of $160.54 billion, a P/E ratio of 57.30, a P/E/G ratio of 3.49 and a beta of 1.68.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.26. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.Intuitive Surgical’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.21 EPS. Equities research analysts forecast that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Intuitive Surgical Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.