Clare Market Investments LLC Purchases New Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Clare Market Investments LLC acquired 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 13F filing with the SEC. The institutional investor acquired 4,844 shares of the medical equipment provider's stock, valued at approximately $2,528,000. Intuitive Surgical comprises about 0.6% of Clare Market Investments LLC's holdings, making the stock its 26th biggest position.

A number of other large investors also recently bought and sold shares of ISRG. Berbice Capital Management LLC purchased a new position in Intuitive Surgical during the 4th quarter worth $26,000. BankPlus Trust Department purchased a new position in Intuitive Surgical during the 4th quarter worth $28,000. Kohmann Bosshard Financial Services LLC purchased a new position in Intuitive Surgical during the 4th quarter worth $31,000. MidAtlantic Capital Management Inc. purchased a new position in Intuitive Surgical during the 3rd quarter worth $33,000. Finally, Decker Retirement Planning Inc. purchased a new position in shares of Intuitive Surgical in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 83.64% of the company's stock.

Wall Street Analyst Weigh In

ISRG has been the subject of a number of research analyst reports. Raymond James increased their price target on shares of Intuitive Surgical from $560.00 to $688.00 and gave the company an "outperform" rating in a report on Friday, January 24th. JPMorgan Chase & Co. increased their price target on shares of Intuitive Surgical from $575.00 to $675.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Barclays increased their price target on shares of Intuitive Surgical from $610.00 to $674.00 in a report on Monday, January 27th. BTIG Research increased their price target on shares of Intuitive Surgical from $535.00 to $561.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, Leerink Partners increased their price target on shares of Intuitive Surgical from $490.00 to $548.00 in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $613.10.

Remove Ads

Intuitive Surgical Trading Up 0.7 %

Shares of Intuitive Surgical stock traded up $3.58 during mid-day trading on Wednesday, hitting $497.30. 2,557,102 shares of the stock were exchanged, compared to its average volume of 1,424,524. Intuitive Surgical, Inc. has a twelve month low of $364.17 and a twelve month high of $616.00. The stock has a market capitalization of $177.13 billion, a price-to-earnings ratio of 77.58, a price-to-earnings-growth ratio of 5.85 and a beta of 1.43. The company has a 50-day simple moving average of $569.42 and a 200 day simple moving average of $531.60.

Insiders Place Their Bets

In other news, Director Amal M. Johnson sold 4,635 shares of the company's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total value of $2,626,191.00. Following the completion of the transaction, the director now directly owns 12,275 shares in the company, valued at approximately $6,955,015. This represents a 27.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Myriam Curet sold 408 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were 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 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 have sold 22,209 shares of company stock valued at $11,928,127 in the last ninety days. Insiders own 0.90% of the company's stock.

Intuitive Surgical 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.