BW Gestao de Investimentos Ltda. Takes $3.96 Million Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

BW Gestao de Investimentos Ltda. purchased a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,578 shares of the medical equipment provider's stock, valued at approximately $3,955,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Atala Financial Inc bought a new stake in Intuitive Surgical during the 4th quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new stake in Intuitive Surgical in the 4th quarter valued at $26,000. Parvin Asset Management LLC bought a new stake in shares of Intuitive Surgical in the 4th quarter worth $26,000. BankPlus Trust Department purchased a new position in Intuitive Surgical during the fourth quarter worth about $28,000. Finally, Hurley Capital LLC bought a new position in shares of Intuitive Surgical during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 83.64% of the company's stock.

Analyst Ratings Changes

ISRG has been the subject of several research reports. Jefferies Financial Group increased their price target on shares of Intuitive Surgical from $475.00 to $575.00 in a research report on Monday, January 27th. Raymond James lifted their price target on shares of Intuitive Surgical from $560.00 to $688.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Erste Group Bank downgraded Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Royal Bank of Canada cut their price target on Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, Truist Financial lowered their price objective on Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $598.95.

Intuitive Surgical Price Performance

NASDAQ ISRG traded up $5.69 during trading hours on Wednesday, reaching $536.15. 1,311,349 shares of the stock traded hands, compared to its average volume of 1,626,933. The stock has a 50 day simple moving average of $502.67 and a two-hundred day simple moving average of $534.43. Intuitive Surgical, Inc. has a 1 year low of $379.67 and a 1 year high of $616.00. The company has a market cap of $192.17 billion, a price-to-earnings ratio of 83.64, a price-to-earnings-growth ratio of 5.85 and a beta of 1.70.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last released its earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.10. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.19 billion. Intuitive Surgical had a return on equity of 14.55% and a net margin of 27.81%. During the same quarter in the previous year, the company posted $1.50 EPS. On average, sell-side analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intuitive Surgical news, CFO Jamie Samath sold 269 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer now owns 3,282 shares in the company, valued at approximately $1,936,380. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Desantis sold 11,545 shares of Intuitive Surgical stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $499.22, for a total transaction of $5,763,494.90. Following the completion of the transaction, the executive vice president now directly owns 5,224 shares in the company, valued at approximately $2,607,925.28. The trade was a 68.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,313 shares of company stock valued at $17,229,143 over the last three months. Insiders own 0.70% of the company's stock.

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.