National Bank of Canada FI Purchases 150,897 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

National Bank of Canada FI increased its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 72.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 359,965 shares of the medical equipment provider's stock after purchasing an additional 150,897 shares during the period. National Bank of Canada FI owned approximately 0.10% of Intuitive Surgical worth $119,091,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ISRG. J.W. Cole Advisors Inc. grew its holdings in Intuitive Surgical by 8.3% during the third quarter. J.W. Cole Advisors Inc. now owns 2,040 shares of the medical equipment provider's stock worth $596,000 after buying an additional 156 shares in the last quarter. Sage Mountain Advisors LLC grew its stake in shares of Intuitive Surgical by 7.7% in the 3rd quarter. Sage Mountain Advisors LLC now owns 1,253 shares of the medical equipment provider's stock worth $366,000 after acquiring an additional 90 shares in the last quarter. Everhart Financial Group Inc. raised its holdings in shares of Intuitive Surgical by 15.6% in the third quarter. Everhart Financial Group Inc. now owns 1,450 shares of the medical equipment provider's stock valued at $424,000 after purchasing an additional 196 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Intuitive Surgical by 6.4% during the third quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,479 shares of the medical equipment provider's stock valued at $432,000 after purchasing an additional 89 shares in the last quarter. Finally, Brighton Jones LLC lifted its position in shares of Intuitive Surgical by 0.9% during the third quarter. Brighton Jones LLC now owns 8,881 shares of the medical equipment provider's stock valued at $2,596,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 83.64% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Citigroup increased their price objective on shares of Intuitive Surgical from $428.00 to $462.00 and gave the company a "buy" rating in a research note on Wednesday, April 3rd. Raymond James boosted their price objective on Intuitive Surgical from $372.00 to $435.00 and gave the stock an "outperform" rating in a research report on Thursday, January 25th. Piper Sandler upped their price objective on Intuitive Surgical from $425.00 to $435.00 and gave the company an "overweight" rating in a research note on Friday, April 19th. Jefferies Financial Group lifted their target price on Intuitive Surgical from $365.00 to $375.00 and gave the stock a "hold" rating in a research note on Friday, April 19th. Finally, Truist Financial increased their price target on shares of Intuitive Surgical from $390.00 to $435.00 and gave the company a "buy" rating in a research report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Intuitive Surgical currently has an average rating of "Moderate Buy" and an average price target of $396.17.

Intuitive Surgical Trading Up 1.0 %

Shares of ISRG traded up $3.71 during trading hours on Friday, reaching $381.36. 1,028,858 shares of the company's stock traded hands, compared to its average volume of 1,492,254. Intuitive Surgical, Inc. has a 12 month low of $254.85 and a 12 month high of $403.76. The stock has a market cap of $135.27 billion, a PE ratio of 68.84, a price-to-earnings-growth ratio of 4.93 and a beta of 1.39. The firm's 50 day simple moving average is $385.40 and its 200-day simple moving average is $350.34.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its earnings results on Thursday, April 18th. The medical equipment provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.10. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. Intuitive Surgical had a net margin of 27.16% and a return on equity of 12.91%. Intuitive Surgical's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 earnings per share. As a group, analysts expect that Intuitive Surgical, Inc. will post 4.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Intuitive Surgical news, EVP Robert Desantis sold 1,498 shares of the firm's stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $369.92, for a total transaction of $554,140.16. Following the sale, the executive vice president now owns 5,507 shares in the company, valued at $2,037,149.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Intuitive Surgical news, EVP Robert Desantis sold 1,498 shares of the company's stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $369.92, for a total value of $554,140.16. Following the completion of the sale, the executive vice president now owns 5,507 shares of the company's stock, valued at $2,037,149.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President David J. Rosa sold 80,710 shares of Intuitive Surgical stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $389.28, for a total transaction of $31,418,788.80. Following the transaction, the president now directly owns 163,399 shares in the company, valued at $63,607,962.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 226,928 shares of company stock worth $87,833,828. Corporate insiders own 0.90% 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.