Argentarii LLC Purchases New Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Argentarii LLC bought a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 956 shares of the medical equipment provider's stock, valued at approximately $499,000.

A number of other institutional investors have also modified their holdings of ISRG. Bennett Selby Investments LP increased its holdings in shares of Intuitive Surgical by 3.9% during the fourth quarter. Bennett Selby Investments LP now owns 449 shares of the medical equipment provider's stock valued at $234,000 after purchasing an additional 17 shares during the period. Onefund LLC increased its holdings in shares of Intuitive Surgical by 1.9% during the fourth quarter. Onefund LLC now owns 947 shares of the medical equipment provider's stock valued at $494,000 after purchasing an additional 18 shares during the period. LVW Advisors LLC increased its holdings in shares of Intuitive Surgical by 1.3% during the fourth quarter. LVW Advisors LLC now owns 1,448 shares of the medical equipment provider's stock valued at $756,000 after purchasing an additional 19 shares during the period. Wesbanco Bank Inc. increased its holdings in shares of Intuitive Surgical by 1.6% during the fourth quarter. Wesbanco Bank Inc. now owns 1,216 shares of the medical equipment provider's stock valued at $635,000 after purchasing an additional 19 shares during the period. Finally, Journey Strategic Wealth LLC increased its holdings in shares of Intuitive Surgical by 1.9% during the fourth quarter. Journey Strategic Wealth LLC now owns 1,039 shares of the medical equipment provider's stock valued at $542,000 after purchasing an additional 19 shares during the period. Hedge funds and other institutional investors own 83.64% of the company's stock.

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Intuitive Surgical Price Performance

Shares of ISRG stock traded up $3.58 during trading on Wednesday, reaching $497.30. The company had a trading volume of 2,557,102 shares, compared to its average volume of 1,424,524. The firm's 50 day simple moving average is $569.42 and its two-hundred day simple moving average is $531.60. Intuitive Surgical, Inc. has a one year low of $364.17 and a one year high of $616.00. The company has a market capitalization of $177.13 billion, a PE ratio of 77.58, a PEG ratio of 5.85 and a beta of 1.43.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Bernstein Bank raised their price target on Intuitive Surgical from $655.00 to $700.00 and gave the company an "overweight" rating in a report on Monday, January 27th. JPMorgan Chase & Co. lifted their target price on Intuitive Surgical from $575.00 to $675.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Truist Financial lifted their target price on Intuitive Surgical from $640.00 to $666.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Citigroup lifted their target price on Intuitive Surgical from $640.00 to $711.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Erste Group Bank raised Intuitive Surgical from a "hold" rating to a "buy" rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, Intuitive Surgical presently has a consensus rating of "Moderate Buy" and an average target price of $613.10.

Insider Activity at Intuitive Surgical

In other news, EVP Brian Edward Miller sold 8,900 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $485.07, for a total transaction of $4,317,123.00. Following the sale, the executive vice president now owns 5,758 shares of the company's stock, valued at approximately $2,793,033.06. This trade represents a 60.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jamie Samath sold 94 shares of the business's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $571.11, for a total value of $53,684.34. Following the completion of the sale, the chief financial officer now directly owns 2,630 shares in the company, valued at approximately $1,502,019.30. This represents a 3.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,209 shares of company stock valued at $11,928,127. Corporate insiders own 0.90% of the company's stock.

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.