Alliance Wealth Advisors LLC UT Acquires New Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Alliance Wealth Advisors LLC UT bought a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 533 shares of the medical equipment provider’s stock, valued at approximately $278,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Czech National Bank increased its position in shares of Intuitive Surgical by 6.9% in the third quarter. Czech National Bank now owns 72,257 shares of the medical equipment provider’s stock worth $35,498,000 after purchasing an additional 4,665 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of Intuitive Surgical by 7.7% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,805 shares of the medical equipment provider’s stock worth $887,000 after buying an additional 129 shares during the last quarter. Fulton Bank N.A. raised its position in shares of Intuitive Surgical by 7.4% during the 3rd quarter. Fulton Bank N.A. now owns 3,070 shares of the medical equipment provider’s stock valued at $1,508,000 after buying an additional 211 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Intuitive Surgical by 34.0% during the 3rd quarter. Versant Capital Management Inc now owns 540 shares of the medical equipment provider’s stock worth $265,000 after acquiring an additional 137 shares during the last quarter. Finally, Alpha Cubed Investments LLC grew its position in Intuitive Surgical by 4.9% in the third quarter. Alpha Cubed Investments LLC now owns 99,795 shares of the medical equipment provider’s stock worth $49,026,000 after acquiring an additional 4,657 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Jamie Samath sold 108 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $542.06, for a total value of $58,542.48. Following the completion of the transaction, the chief financial officer now directly owns 8,757 shares of the company’s stock, valued at $4,746,819.42. This represents a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Desantis sold 376 shares of Intuitive Surgical stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $539.00, for a total value of $202,664.00. Following the sale, the executive vice president now directly owns 5,506 shares in the company, valued at approximately $2,967,734. The trade was a 6.39 % 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 worth $15,357,560. 0.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on ISRG shares. Stifel Nicolaus lifted their price target on Intuitive Surgical from $525.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. The Goldman Sachs Group set a $604.00 target price on Intuitive Surgical in a research report on Friday, October 18th. Robert W. Baird increased their price target on shares of Intuitive Surgical from $503.00 to $565.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Truist Financial boosted their price objective on shares of Intuitive Surgical from $640.00 to $666.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Jefferies Financial Group increased their target price on shares of Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $613.10.

Intuitive Surgical Stock Up 0.2 %

Shares of ISRG stock opened at $579.65 on Wednesday. The firm has a market capitalization of $206.46 billion, a price-to-earnings ratio of 90.43, a PEG ratio of 5.51 and a beta of 1.39. The stock has a fifty day moving average of $551.24 and a 200 day moving average of $511.16. Intuitive Surgical, Inc. has a 52 week low of $364.17 and a 52 week high of $616.00.

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.