Savvy Advisors Inc. Buys 1,140 Shares of Intuitive Surgical, Inc. $ISRG

Savvy Advisors Inc. raised its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 125.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,049 shares of the medical equipment provider’s stock after acquiring an additional 1,140 shares during the period. Savvy Advisors Inc.’s holdings in Intuitive Surgical were worth $1,160,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ISRG. Holos Integrated Wealth LLC bought a new position in Intuitive Surgical during the 4th quarter valued at $25,000. Greykasell Wealth Strategies Inc. bought a new stake in shares of Intuitive Surgical during the 3rd quarter worth $27,000. Olistico Wealth LLC bought a new stake in shares of Intuitive Surgical during the 4th quarter worth $28,000. Caitlin John LLC bought a new stake in shares of Intuitive Surgical during the 3rd quarter worth $30,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of Intuitive Surgical during the 3rd quarter worth $33,000. 83.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Patricia L. Wadors sold 220 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $499.71, for a total transaction of $109,936.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Fredrik Widman sold 133 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $494.96, for a total value of $65,829.68. Following the sale, the vice president owned 660 shares in the company, valued at approximately $326,673.60. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 32,943 shares of company stock valued at $17,279,568. Corporate insiders own 0.60% of the company’s stock.

Intuitive Surgical Stock Performance

Shares of NASDAQ ISRG opened at $452.58 on Tuesday. The stock has a market cap of $160.72 billion, a PE ratio of 57.36, a price-to-earnings-growth ratio of 3.49 and a beta of 1.68. Intuitive Surgical, Inc. has a fifty-two week low of $425.00 and a fifty-two week high of $603.88. The stock has a fifty day moving average of $485.91 and a 200-day moving average of $514.33.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.26. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the previous year, the business earned $2.21 earnings per share. The firm’s quarterly revenue was up 18.8% compared to the same quarter last year. On average, sell-side analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ISRG shares. Barclays set a $712.00 target price on Intuitive Surgical and gave the stock an “overweight” rating in a research note on Monday, January 26th. Zacks Research cut Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Argus lowered their target price on Intuitive Surgical from $630.00 to $560.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Piper Sandler reiterated an “overweight” rating and set a $620.00 target price (up from $610.00) on shares of Intuitive Surgical in a research note on Friday, January 23rd. Finally, Wells Fargo & Company lifted their target price on Intuitive Surgical from $600.00 to $654.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $611.77.

Intuitive Surgical Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.