2,104 Shares in Intuitive Surgical, Inc. (NASDAQ:ISRG) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,104 shares of the medical equipment provider's stock, valued at approximately $1,098,000.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Intuitive Surgical by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 32,212,196 shares of the medical equipment provider's stock worth $16,813,478,000 after purchasing an additional 360,591 shares in the last quarter. State Street Corp increased its stake in shares of Intuitive Surgical by 1.4% during the third quarter. State Street Corp now owns 15,050,121 shares of the medical equipment provider's stock valued at $7,393,673,000 after buying an additional 210,363 shares during the period. Geode Capital Management LLC increased its stake in shares of Intuitive Surgical by 1.9% during the third quarter. Geode Capital Management LLC now owns 7,512,925 shares of the medical equipment provider's stock valued at $3,677,194,000 after buying an additional 143,440 shares during the period. Fisher Asset Management LLC lifted its stake in Intuitive Surgical by 1.8% in the fourth quarter. Fisher Asset Management LLC now owns 4,868,869 shares of the medical equipment provider's stock worth $2,541,356,000 after acquiring an additional 86,488 shares during the period. Finally, Norges Bank bought a new position in Intuitive Surgical during the 4th quarter worth about $2,401,493,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ISRG. Stifel Nicolaus increased their price objective on shares of Intuitive Surgical from $525.00 to $610.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Erste Group Bank cut Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Wells Fargo & Company boosted their price target on Intuitive Surgical from $630.00 to $687.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Truist Financial cut their target price on Intuitive Surgical from $666.00 to $605.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Finally, Royal Bank of Canada increased their price target on shares of Intuitive Surgical from $611.00 to $641.00 in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Intuitive Surgical currently has an average rating of "Moderate Buy" and an average target price of $611.86.

Intuitive Surgical Trading Down 8.3 %

Shares of ISRG stock traded down $41.07 during trading hours on Friday, hitting $453.54. The company's stock had a trading volume of 2,308,458 shares, compared to its average volume of 2,054,106. The stock has a market cap of $161.54 billion, a PE ratio of 70.87, a price-to-earnings-growth ratio of 5.85 and a beta of 1.55. Intuitive Surgical, Inc. has a 12-month low of $364.17 and a 12-month high of $616.00. The company has a 50 day moving average of $547.83 and a 200 day moving average of $532.58.

Insider Activity at Intuitive Surgical

In other news, CFO Jamie Samath sold 269 shares of the business's stock in a transaction dated Monday, February 10th. The stock was 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 owns 3,282 shares of the company's stock, valued at $1,936,380. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert Desantis sold 11,545 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 5,224 shares in the company, valued at approximately $2,607,925.28. This trade represents a 68.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,754 shares of company stock worth $17,691,621 over the last three months. Company insiders own 0.70% 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.