Black Swift Group LLC Makes New $3.24 Million Investment in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Black Swift Group LLC bought a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,600 shares of the medical equipment provider's stock, valued at approximately $3,242,000. Intuitive Surgical accounts for approximately 0.7% of Black Swift Group LLC's holdings, making the stock its 28th biggest position.

Other institutional investors have also made changes to their positions in the company. Creekmur Asset Management LLC increased its holdings in Intuitive Surgical by 200.0% in the 1st quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider's stock valued at $25,000 after buying an additional 42 shares during the period. Ridgewood Investments LLC bought a new stake in shares of Intuitive Surgical during the second quarter worth approximately $26,000. Delos Wealth Advisors LLC boosted its position in shares of Intuitive Surgical by 380.0% in the 1st quarter. Delos Wealth Advisors LLC now owns 72 shares of the medical equipment provider's stock worth $29,000 after purchasing an additional 57 shares during the last quarter. Godsey & Gibb Inc. increased its stake in Intuitive Surgical by 140.0% in the third quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider's stock valued at $29,000 after purchasing an additional 35 shares in the last quarter. Finally, LRI Investments LLC bought a new position in shares of Intuitive Surgical during the 1st quarter valued at about $30,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Intuitive Surgical Stock Performance

Intuitive Surgical stock traded up $1.11 during trading on Thursday, reaching $537.80. The company had a trading volume of 1,908,278 shares, compared to its average volume of 1,461,343. The firm's 50-day simple moving average is $496.95 and its 200 day simple moving average is $455.65. The firm has a market capitalization of $191.55 billion, a PE ratio of 86.28, a price-to-earnings-growth ratio of 5.28 and a beta of 1.39. Intuitive Surgical, Inc. has a 1-year low of $291.39 and a 1-year high of $544.38.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.32. The business had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $2.01 billion. Intuitive Surgical had a return on equity of 13.41% and a net margin of 28.51%. Analysts anticipate that Intuitive Surgical, Inc. will post 5.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Oppenheimer reissued a "market perform" rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Piper Sandler reissued an "overweight" rating and set a $538.00 price target (up previously from $495.00) on shares of Intuitive Surgical in a research report on Friday, October 18th. Barclays raised their price objective on Intuitive Surgical from $430.00 to $490.00 and gave the company an "overweight" rating in a research note on Thursday, July 18th. Truist Financial upped their price objective on Intuitive Surgical from $520.00 to $570.00 and gave the company a "buy" rating in a research note on Monday, October 14th. Finally, BTIG Research set a $535.00 price target on shares of Intuitive Surgical in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Intuitive Surgical has a consensus rating of "Moderate Buy" and a consensus price target of $513.74.

Insider Transactions at Intuitive Surgical

In other Intuitive Surgical news, SVP Henry L. Charlton sold 40,243 shares of Intuitive Surgical stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $486.84, for a total value of $19,591,902.12. Following the transaction, the senior vice president now directly owns 3,001 shares in the company, valued at approximately $1,461,006.84. This trade represents a 93.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy L. Ladd sold 450 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $490.28, for a total transaction of $220,626.00. Following the transaction, the director now owns 821 shares in the company, valued at approximately $402,519.88. This trade represents a 35.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,178 shares of company stock valued at $45,897,071. 0.90% of the stock is currently owned by corporate insiders.

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.