Conway Capital Management Inc. Boosts Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Conway Capital Management Inc. raised its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,951 shares of the medical equipment provider’s stock after buying an additional 382 shares during the quarter. Intuitive Surgical comprises about 1.1% of Conway Capital Management Inc.’s investment portfolio, making the stock its 18th largest holding. Conway Capital Management Inc.’s holdings in Intuitive Surgical were worth $2,584,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LVW Advisors LLC boosted its holdings in Intuitive Surgical by 1.3% in the fourth quarter. LVW Advisors LLC now owns 1,448 shares of the medical equipment provider’s stock worth $756,000 after acquiring an additional 19 shares in the last quarter. Wesbanco Bank Inc. grew its position in Intuitive Surgical by 1.6% during the 4th quarter. Wesbanco Bank Inc. now owns 1,216 shares of the medical equipment provider’s stock worth $635,000 after purchasing an additional 19 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in Intuitive Surgical by 5.8% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 362 shares of the medical equipment provider’s stock valued at $177,000 after purchasing an additional 20 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in shares of Intuitive Surgical by 4.1% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 503 shares of the medical equipment provider’s stock worth $247,000 after buying an additional 20 shares during the last quarter. Finally, Fragasso Financial Advisors Inc lifted its stake in shares of Intuitive Surgical by 3.0% during the fourth quarter. Fragasso Financial Advisors Inc now owns 687 shares of the medical equipment provider’s stock worth $359,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Down 0.3 %

Shares of NASDAQ ISRG opened at $608.66 on Friday. The firm has a market cap of $216.79 billion, a price-to-earnings ratio of 97.86, a price-to-earnings-growth ratio of 5.19 and a beta of 1.39. The company’s 50-day simple moving average is $544.61 and its 200-day simple moving average is $502.64. Intuitive Surgical, Inc. has a 52-week low of $362.14 and a 52-week high of $616.00.

Analyst Ratings Changes

A number of brokerages recently issued reports on ISRG. Robert W. Baird raised their target price on Intuitive Surgical from $503.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Piper Sandler restated an “overweight” rating and issued a $538.00 price objective (up from $495.00) on shares of Intuitive Surgical in a research note on Friday, October 18th. Evercore ISI reiterated a “cautious” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Truist Financial lifted their price objective on shares of Intuitive Surgical from $570.00 to $640.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Raymond James increased their price objective on shares of Intuitive Surgical from $500.00 to $540.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $554.17.

Insider Activity at Intuitive Surgical

In other news, insider Jamie Samath sold 269 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $539.89, for a total value of $145,230.41. Following the transaction, the insider now directly owns 8,757 shares of the company’s stock, valued at approximately $4,727,816.73. This trade represents a 2.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Robert Desantis sold 188 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $506.52, for a total transaction of $95,225.76. Following the completion of the sale, the executive vice president now owns 5,506 shares of the company’s stock, valued at approximately $2,788,899.12. The trade was a 3.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,475 shares of company stock valued at $22,070,807. 0.90% of the stock is owned by corporate insiders.

Intuitive Surgical Profile

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.