Kanawha Capital Management LLC Buys 60 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Kanawha Capital Management LLC raised its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 13.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 519 shares of the medical equipment provider’s stock after purchasing an additional 60 shares during the quarter. Kanawha Capital Management LLC’s holdings in Intuitive Surgical were worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Norden Group LLC increased its stake in Intuitive Surgical by 32.4% in the 1st quarter. Norden Group LLC now owns 957 shares of the medical equipment provider’s stock worth $382,000 after acquiring an additional 234 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in Intuitive Surgical by 4.3% in the first quarter. Rehmann Capital Advisory Group now owns 1,753 shares of the medical equipment provider’s stock valued at $700,000 after acquiring an additional 73 shares during the last quarter. Callan Capital LLC purchased a new stake in Intuitive Surgical during the first quarter valued at about $236,000. Catalina Capital Group LLC lifted its stake in Intuitive Surgical by 31.3% during the first quarter. Catalina Capital Group LLC now owns 2,401 shares of the medical equipment provider’s stock worth $958,000 after purchasing an additional 573 shares during the last quarter. Finally, Clarity Capital Partners LLC boosted its holdings in shares of Intuitive Surgical by 28.6% in the 1st quarter. Clarity Capital Partners LLC now owns 4,860 shares of the medical equipment provider’s stock worth $1,940,000 after purchasing an additional 1,082 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Price Performance

Shares of Intuitive Surgical stock opened at $507.42 on Tuesday. Intuitive Surgical, Inc. has a 1 year low of $269.49 and a 1 year high of $523.34. The firm has a market cap of $180.73 billion, a price-to-earnings ratio of 81.58, a PEG ratio of 4.95 and a beta of 1.39. The company has a 50-day moving average of $490.97 and a 200 day moving average of $448.54.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, EVP Robert Desantis sold 240 shares of Intuitive Surgical stock in a transaction on Monday, August 12th. The stock was sold at an average price of $464.76, for a total transaction of $111,542.40. Following the completion of the transaction, the executive vice president now owns 5,506 shares in the company, valued at approximately $2,558,968.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Robert Desantis sold 240 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $464.76, for a total transaction of $111,542.40. Following the completion of the sale, the executive vice president now owns 5,506 shares of the company’s stock, valued at $2,558,968.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Henry L. Charlton sold 40,243 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $486.84, for a total value of $19,591,902.12. Following the completion of the transaction, the senior vice president now directly owns 3,001 shares in the company, valued at $1,461,006.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,246 shares of company stock valued at $33,839,308. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

ISRG has been the subject of a number of recent research reports. BTIG Research set a $535.00 target price on Intuitive Surgical in a research report on Friday, October 18th. Truist Financial boosted their price objective on shares of Intuitive Surgical from $520.00 to $570.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Oppenheimer reaffirmed a “market perform” rating on shares of Intuitive Surgical in a report on Friday, October 18th. Leerink Partners boosted their price target on shares of Intuitive Surgical from $489.00 to $502.00 in a research note on Thursday, October 17th. Finally, Mizuho raised their price objective on Intuitive Surgical from $440.00 to $500.00 in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $513.74.

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.