Rodgers Brothers Inc. Purchases Shares of 657 Intuitive Surgical, Inc. (NASDAQ:ISRG)

Rodgers Brothers Inc. purchased a new stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 657 shares of the medical equipment provider's stock, valued at approximately $343,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Intuitive Surgical in the 4th quarter worth $2,401,493,000. Proficio Capital Partners LLC increased its position in shares of Intuitive Surgical by 89,098.8% during the fourth quarter. Proficio Capital Partners LLC now owns 949,967 shares of the medical equipment provider's stock valued at $495,845,000 after buying an additional 948,902 shares during the period. Raymond James Financial Inc. bought a new position in Intuitive Surgical in the fourth quarter worth about $313,769,000. Wilmington Savings Fund Society FSB lifted its holdings in Intuitive Surgical by 15,322.2% in the third quarter. Wilmington Savings Fund Society FSB now owns 555,661 shares of the medical equipment provider's stock worth $272,980,000 after buying an additional 552,058 shares during the period. Finally, Vanguard Group Inc. boosted its position in Intuitive Surgical by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 32,212,196 shares of the medical equipment provider's stock valued at $16,813,478,000 after acquiring an additional 360,591 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, EVP Robert Desantis sold 11,545 shares of Intuitive Surgical stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $499.22, for a total value of $5,763,494.90. Following the completion of the sale, the executive vice president now owns 5,224 shares of the company's stock, valued at $2,607,925.28. The trade was a 68.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jamie Samath sold 269 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $590.00, for a total value of $158,710.00. Following the completion of the transaction, the chief financial officer now directly owns 3,282 shares in the company, valued at approximately $1,936,380. This represents a 7.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,754 shares of company stock valued at $17,691,621. Company insiders own 0.70% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have recently commented on ISRG. UBS Group raised their target price on Intuitive Surgical from $500.00 to $560.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Truist Financial lowered their price objective on Intuitive Surgical from $666.00 to $605.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Royal Bank of Canada upped their target price on shares of Intuitive Surgical from $611.00 to $641.00 in a research report on Monday, January 27th. Raymond James lifted their price target on shares of Intuitive Surgical from $560.00 to $688.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Finally, Erste Group Bank cut shares of Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $611.86.

Intuitive Surgical Price Performance

Shares of Intuitive Surgical stock traded down $42.22 during trading on Friday, hitting $452.39. 2,912,936 shares of the company's stock traded hands, compared to its average volume of 1,539,117. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00. The business has a 50-day simple moving average of $547.83 and a 200-day simple moving average of $532.58. The stock has a market capitalization of $161.13 billion, a P/E ratio of 70.59, a PEG ratio of 5.85 and a beta of 1.55.

Intuitive Surgical Company 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.