Forte Capital LLC ADV Has $14.55 Million Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Forte Capital LLC ADV cut its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,117 shares of the medical equipment provider’s stock after selling 1,307 shares during the period. Intuitive Surgical accounts for 2.0% of Forte Capital LLC ADV’s holdings, making the stock its 15th largest position. Forte Capital LLC ADV’s holdings in Intuitive Surgical were worth $14,546,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Intuitive Surgical by 0.3% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,899 shares of the medical equipment provider’s stock worth $3,002,000 after acquiring an additional 27 shares in the last quarter. Liberty Capital Management Inc. increased its holdings in Intuitive Surgical by 3.8% during the 4th quarter. Liberty Capital Management Inc. now owns 815 shares of the medical equipment provider’s stock worth $275,000 after purchasing an additional 30 shares in the last quarter. Miracle Mile Advisors LLC raised its stake in shares of Intuitive Surgical by 2.3% in the fourth quarter. Miracle Mile Advisors LLC now owns 1,438 shares of the medical equipment provider’s stock worth $485,000 after purchasing an additional 32 shares during the last quarter. Ausdal Financial Partners Inc. lifted its holdings in shares of Intuitive Surgical by 1.5% in the fourth quarter. Ausdal Financial Partners Inc. now owns 2,192 shares of the medical equipment provider’s stock valued at $739,000 after purchasing an additional 33 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Intuitive Surgical by 10.7% in the fourth quarter. Venturi Wealth Management LLC now owns 341 shares of the medical equipment provider’s stock valued at $115,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ISRG shares. Barclays increased their target price on shares of Intuitive Surgical from $385.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Truist Financial lifted their target price on shares of Intuitive Surgical from $390.00 to $435.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Jefferies Financial Group boosted their target price on Intuitive Surgical from $365.00 to $375.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Stifel Nicolaus increased their price target on Intuitive Surgical from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, BTIG Research boosted their price objective on Intuitive Surgical from $412.00 to $421.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $396.17.

Intuitive Surgical Trading Up 1.0 %

Shares of ISRG stock traded up $3.71 during trading on Friday, reaching $381.36. 1,028,858 shares of the company’s stock traded hands, compared to its average volume of 1,492,254. Intuitive Surgical, Inc. has a 1 year low of $254.85 and a 1 year high of $403.76. The company has a market capitalization of $135.27 billion, a P/E ratio of 68.84, a PEG ratio of 4.93 and a beta of 1.39. The firm’s 50-day moving average is $385.40 and its 200 day moving average is $349.30.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, April 18th. The medical equipment provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.10. Intuitive Surgical had a return on equity of 12.91% and a net margin of 27.16%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, sell-side analysts predict that Intuitive Surgical, Inc. will post 4.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Robert Desantis sold 1,498 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $369.92, for a total value of $554,140.16. Following the sale, the executive vice president now directly owns 5,507 shares of the company’s stock, valued at $2,037,149.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Robert Desantis sold 1,498 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $369.92, for a total transaction of $554,140.16. Following the completion of the transaction, the executive vice president now owns 5,507 shares of the company’s stock, valued at $2,037,149.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Myriam Curet sold 5,318 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $370.66, for a total transaction of $1,971,169.88. Following the completion of the sale, the executive vice president now owns 298 shares in the company, valued at $110,456.68. The disclosure for this sale can be found here. Insiders sold a total of 226,928 shares of company stock worth $87,833,828 in the last quarter. 0.90% of the stock is owned by company insiders.

About Intuitive Surgical

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.