Alberta Investment Management Corp Makes New $15.29 Million Investment in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Alberta Investment Management Corp bought a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 29,295 shares of the medical equipment provider's stock, valued at approximately $15,291,000.

A number of other large investors also recently added to or reduced their stakes in ISRG. Howard Capital Management Group LLC raised its position in Intuitive Surgical by 4.5% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider's stock worth $1,044,000 after purchasing an additional 92 shares during the period. Capital Investment Advisors LLC raised its position in Intuitive Surgical by 7.3% in the 3rd quarter. Capital Investment Advisors LLC now owns 778 shares of the medical equipment provider's stock worth $382,000 after purchasing an additional 53 shares during the period. Commonwealth Equity Services LLC raised its position in Intuitive Surgical by 3.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 69,995 shares of the medical equipment provider's stock worth $34,386,000 after purchasing an additional 2,456 shares during the period. Vest Financial LLC raised its position in Intuitive Surgical by 202.4% in the 3rd quarter. Vest Financial LLC now owns 2,232 shares of the medical equipment provider's stock worth $1,097,000 after purchasing an additional 1,494 shares during the period. Finally, Godsey & Gibb Inc. raised its position in Intuitive Surgical by 140.0% in the 3rd quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider's stock worth $29,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 83.64% of the company's stock.

Intuitive Surgical Price Performance

NASDAQ ISRG traded down $14.78 during trading hours on Friday, reaching $591.79. 1,673,828 shares of the company's stock traded hands, compared to its average volume of 1,567,754. Intuitive Surgical, Inc. has a 52-week low of $364.17 and a 52-week high of $616.00. The firm has a market cap of $210.78 billion, a PE ratio of 92.32, a PEG ratio of 5.85 and a beta of 1.39. The firm has a 50-day simple moving average of $565.45 and a 200 day simple moving average of $524.52.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Evercore ISI raised their price target on shares of Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. Jefferies Financial Group raised their price target on shares of Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. Truist Financial raised their price target 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. Erste Group Bank raised shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a report on Tuesday, November 19th. Finally, CICC Research assumed coverage on shares of Intuitive Surgical in a report on Monday, January 27th. They issued a "neutral" rating and a $550.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $613.10.

Insider Activity at Intuitive Surgical

In related news, CFO Jamie Samath sold 108 shares of Intuitive Surgical stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $542.06, for a total transaction 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 trade represents a 1.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Myriam Curet sold 408 shares of Intuitive Surgical stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $589.75, for a total transaction of $240,618.00. Following the completion of the transaction, the executive vice president now directly owns 353 shares of the company's stock, valued at $208,181.75. This trade represents a 53.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,348 shares of company stock valued at $3,587,582 in the last three months. Company insiders own 0.90% of the company's stock.

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.