Union Bancaire Privee UBP SA Invests $6.51 Million in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Union Bancaire Privee UBP SA acquired a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,757 shares of the medical equipment provider's stock, valued at approximately $6,509,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new position in shares of Intuitive Surgical during the 4th quarter valued at about $26,000. Godsey & Gibb Inc. raised its position in shares of 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 during the period. MidAtlantic Capital Management Inc. acquired a new stake in shares of Intuitive Surgical in the third quarter worth $33,000. Decker Retirement Planning Inc. bought a new stake in shares of Intuitive Surgical during the 4th quarter worth $36,000. Finally, Capital Performance Advisors LLP acquired a new position in Intuitive Surgical in the 3rd quarter valued at $38,000. Institutional investors own 83.64% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Erste Group Bank raised Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th. Truist Financial increased their price target on shares of Intuitive Surgical from $640.00 to $666.00 and gave the company a "buy" rating in a report on Friday. Bernstein Bank boosted their price objective on shares of Intuitive Surgical from $655.00 to $700.00 and gave the stock an "overweight" rating in a report on Monday. Barclays increased their target price on shares of Intuitive Surgical from $610.00 to $674.00 in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their price target on Intuitive Surgical from $575.00 to $675.00 and gave the company an "overweight" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $613.10.

Insiders Place Their Bets

In related news, EVP Robert Desantis sold 376 shares of the business's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $539.00, for a total value of $202,664.00. Following the completion of the transaction, the executive vice president now owns 5,506 shares in the company, valued at $2,967,734. The trade was a 6.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jamie Samath sold 269 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $539.89, for a total value of $145,230.41. Following the completion of the transaction, the insider now owns 8,757 shares in the company, valued at $4,727,816.73. The trade was a 2.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,453 shares of company stock valued at $22,059,506. 0.90% of the stock is currently owned by corporate insiders.

Intuitive Surgical Price Performance

Shares of ISRG traded down $10.57 on Monday, hitting $573.48. The company's stock had a trading volume of 2,439,723 shares, compared to its average volume of 2,025,429. The company has a market capitalization of $204.26 billion, a PE ratio of 92.20, a PEG ratio of 5.19 and a beta of 1.39. Intuitive Surgical, Inc. has a fifty-two week low of $364.17 and a fifty-two week high of $616.00. The company has a 50 day moving average price of $547.16 and a 200 day moving average price of $505.21.

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.