Sivik Global Healthcare LLC Has $5.66 Million Stock Holdings in Intuitive Surgical, Inc. $ISRG

Sivik Global Healthcare LLC decreased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 23.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,000 shares of the medical equipment provider’s stock after selling 3,000 shares during the quarter. Intuitive Surgical makes up approximately 1.6% of Sivik Global Healthcare LLC’s holdings, making the stock its 12th largest holding. Sivik Global Healthcare LLC’s holdings in Intuitive Surgical were worth $5,664,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. SteelPeak Wealth LLC raised its stake in Intuitive Surgical by 28.7% during the 3rd quarter. SteelPeak Wealth LLC now owns 41,993 shares of the medical equipment provider’s stock worth $18,781,000 after buying an additional 9,364 shares during the period. Atlantic Union Bankshares Corp increased its holdings in Intuitive Surgical by 19.3% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 22,759 shares of the medical equipment provider’s stock worth $10,179,000 after purchasing an additional 3,676 shares in the last quarter. World Investment Advisors increased its holdings in Intuitive Surgical by 238.3% during the 3rd quarter. World Investment Advisors now owns 5,399 shares of the medical equipment provider’s stock worth $2,415,000 after purchasing an additional 3,803 shares in the last quarter. E. Ohman J or Asset Management AB increased its holdings in Intuitive Surgical by 4.1% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 28,306 shares of the medical equipment provider’s stock worth $12,659,000 after purchasing an additional 1,123 shares in the last quarter. Finally, Valley Wealth Managers Inc. increased its holdings in Intuitive Surgical by 52.7% during the 3rd quarter. Valley Wealth Managers Inc. now owns 4,084 shares of the medical equipment provider’s stock worth $1,826,000 after purchasing an additional 1,409 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

ISRG has been the subject of a number of research reports. Truist Financial increased their target price on Intuitive Surgical from $620.00 to $650.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. BTIG Research restated a “buy” rating and set a $616.00 price objective on shares of Intuitive Surgical in a research note on Friday, January 23rd. Royal Bank Of Canada increased their price objective on shares of Intuitive Surgical from $625.00 to $650.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Sanford C. Bernstein increased their price objective on shares of Intuitive Surgical from $740.00 to $750.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Finally, Piper Sandler restated an “overweight” rating and set a $620.00 price objective (up from $610.00) on shares of Intuitive Surgical in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Intuitive Surgical presently has an average rating of “Moderate Buy” and a consensus target price of $611.77.

Intuitive Surgical Trading Up 0.1%

Shares of NASDAQ ISRG opened at $452.95 on Wednesday. The firm has a market cap of $160.86 billion, a P/E ratio of 57.41, a price-to-earnings-growth ratio of 3.49 and a beta of 1.68. Intuitive Surgical, Inc. has a 1-year low of $427.84 and a 1-year high of $603.88. The business’s 50 day moving average is $484.46 and its 200-day moving average is $514.43.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the company earned $2.21 earnings per share. The firm’s quarterly revenue was up 18.8% compared to the same quarter last year. Analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, EVP Myriam Curet sold 105 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $493.95, for a total transaction of $51,864.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Mark Brosius sold 645 shares of Intuitive Surgical stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $485.01, for a total value of $312,831.45. Following the completion of the transaction, the senior vice president owned 1,613 shares in the company, valued at approximately $782,321.13. This represents a 28.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,943 shares of company stock valued at $17,279,568 in the last three months. Corporate insiders own 0.60% of the company’s stock.

About Intuitive Surgical

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.