Level Four Advisory Services LLC Purchases 117 Shares of Intuitive Surgical, Inc. $ISRG

Level Four Advisory Services LLC raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 13.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 975 shares of the medical equipment provider’s stock after purchasing an additional 117 shares during the quarter. Level Four Advisory Services LLC’s holdings in Intuitive Surgical were worth $530,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ISRG. Tobam raised its position in Intuitive Surgical by 666.7% in the 2nd quarter. Tobam now owns 46 shares of the medical equipment provider’s stock valued at $25,000 after buying an additional 40 shares during the last quarter. TD Capital Management LLC grew its stake in shares of Intuitive Surgical by 300.0% during the 1st quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider’s stock worth $30,000 after acquiring an additional 45 shares in the last quarter. 1248 Management LLC acquired a new stake in shares of Intuitive Surgical in the first quarter valued at approximately $30,000. Princeton Global Asset Management LLC bought a new stake in shares of Intuitive Surgical in the second quarter worth $30,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of Intuitive Surgical by 49.1% in the first quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the medical equipment provider’s stock worth $41,000 after purchasing an additional 27 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Intuitive Surgical news, EVP Henry L. Charlton sold 13,731 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $580.00, for a total transaction of $7,963,980.00. Following the completion of the sale, the executive vice president owned 3,056 shares of the company’s stock, valued at $1,772,480. This trade represents a 81.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brian Edward Miller sold 3,500 shares of Intuitive Surgical stock in a transaction on Monday, November 10th. The stock was sold at an average price of $575.00, for a total transaction of $2,012,500.00. Following the transaction, the executive vice president directly owned 5,758 shares of the company’s stock, valued at approximately $3,310,850. This trade represents a 37.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 86,804 shares of company stock worth $48,043,866 in the last quarter. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Truist Financial set a $620.00 target price on shares of Intuitive Surgical and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group raised their price objective on Intuitive Surgical from $550.00 to $560.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada set a $625.00 target price on Intuitive Surgical and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Rothschild & Co Redburn increased their price target on Intuitive Surgical from $610.00 to $615.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Argus boosted their price target on Intuitive Surgical from $600.00 to $630.00 in a research report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $607.28.

Intuitive Surgical Stock Performance

Intuitive Surgical stock opened at $567.37 on Tuesday. The stock has a 50-day simple moving average of $508.39 and a 200 day simple moving average of $504.67. The stock has a market capitalization of $203.39 billion, a P/E ratio of 75.05, a PEG ratio of 4.94 and a beta of 1.62. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.41. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the company earned $1.84 earnings per share. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. Research analysts forecast that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

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.