New York Life Investment Management LLC Has $18.58 Million Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

New York Life Investment Management LLC lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 55,084 shares of the medical equipment provider’s stock after acquiring an additional 496 shares during the period. New York Life Investment Management LLC’s holdings in Intuitive Surgical were worth $18,583,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of ISRG. OFI Invest Asset Management acquired a new position in shares of Intuitive Surgical in the third quarter valued at $25,000. Baystate Wealth Management LLC raised its stake in Intuitive Surgical by 150.0% during the fourth quarter. Baystate Wealth Management LLC now owns 75 shares of the medical equipment provider’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. MCF Advisors LLC raised its stake in Intuitive Surgical by 108.1% during the fourth quarter. MCF Advisors LLC now owns 77 shares of the medical equipment provider’s stock worth $26,000 after acquiring an additional 40 shares in the last quarter. Headinvest LLC acquired a new position in Intuitive Surgical during the third quarter worth $28,000. Finally, Stone House Investment Management LLC raised its stake in Intuitive Surgical by 100.0% during the third quarter. Stone House Investment Management LLC now owns 100 shares of the medical equipment provider’s stock worth $29,000 after acquiring an additional 50 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Piper Sandler increased their price objective on Intuitive Surgical from $425.00 to $435.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Truist Financial increased their target price on Intuitive Surgical from $390.00 to $435.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. StockNews.com cut Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Jefferies Financial Group increased their target price on Intuitive Surgical from $365.00 to $375.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Finally, Wells Fargo & Company increased their target price on Intuitive Surgical from $363.00 to $416.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $396.17.

Insider Transactions at Intuitive Surgical

In other news, EVP Robert Desantis sold 20,296 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $393.80, for a total transaction of $7,992,564.80. Following the sale, the executive vice president now owns 5,507 shares of the company’s stock, valued at $2,168,656.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Robert Desantis sold 20,296 shares of Intuitive Surgical stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $393.80, for a total value of $7,992,564.80. Following the sale, the executive vice president now owns 5,507 shares of the company’s stock, valued at approximately $2,168,656.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Myriam Curet sold 5,318 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $370.66, for a total value of $1,971,169.88. Following the completion of the sale, the executive vice president now directly owns 298 shares in the company, valued at approximately $110,456.68. The disclosure for this sale can be found here. Insiders have sold a total of 226,928 shares of company stock valued at $87,833,828 over the last 90 days. 0.90% of the stock is owned by company insiders.

Intuitive Surgical Trading Up 0.3 %

Shares of ISRG opened at $371.70 on Thursday. Intuitive Surgical, Inc. has a 1 year low of $254.85 and a 1 year high of $403.76. The stock has a market cap of $131.85 billion, a P/E ratio of 67.09, a price-to-earnings-growth ratio of 4.79 and a beta of 1.39. The stock’s 50-day moving average price is $385.79 and its two-hundred day moving average price is $348.35.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, April 18th. The medical equipment provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.10. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.87 billion. Intuitive Surgical had a return on equity of 12.91% and a net margin of 27.16%. Intuitive Surgical’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 earnings per share. As a group, equities analysts forecast that Intuitive Surgical, Inc. will post 4.8 EPS for the current year.

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.