Lake Street Advisors Group LLC Increases Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Lake Street Advisors Group LLC lifted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,473 shares of the medical equipment provider’s stock after purchasing an additional 197 shares during the period. Lake Street Advisors Group LLC’s holdings in Intuitive Surgical were worth $1,813,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JFG Wealth Management LLC purchased a new position in Intuitive Surgical in the fourth quarter valued at about $1,162,000. Kirtland Hills Capital Management LLC raised its holdings in shares of Intuitive Surgical by 15.0% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 1,125 shares of the medical equipment provider’s stock worth $587,000 after purchasing an additional 147 shares during the period. Longbow Finance SA purchased a new position in Intuitive Surgical in the fourth quarter valued at approximately $4,431,000. Amalgamated Bank grew its holdings in Intuitive Surgical by 2.1% during the fourth quarter. Amalgamated Bank now owns 78,171 shares of the medical equipment provider’s stock valued at $40,802,000 after purchasing an additional 1,592 shares during the period. Finally, FourThought Financial Partners LLC purchased a new stake in Intuitive Surgical in the fourth quarter worth $1,158,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ISRG has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price target on Intuitive Surgical from $575.00 to $675.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Piper Sandler restated an “overweight” rating and issued a $670.00 price objective (up from $538.00) on shares of Intuitive Surgical in a research note on Friday, January 24th. Morgan Stanley upgraded shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $522.00 to $650.00 in a research report on Monday, December 2nd. Barclays boosted their price target on shares of Intuitive Surgical from $610.00 to $674.00 in a research report on Monday, January 27th. Finally, Leerink Partners raised their price objective on shares of Intuitive Surgical from $490.00 to $548.00 in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $613.10.

Intuitive Surgical Trading Up 1.3 %

Shares of NASDAQ ISRG opened at $580.93 on Thursday. The business has a 50-day moving average of $568.10 and a 200-day moving average of $527.65. The firm has a market capitalization of $206.92 billion, a price-to-earnings ratio of 90.63, a PEG ratio of 5.85 and a beta of 1.39. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00.

Insiders Place Their Bets

In other Intuitive Surgical news, EVP Myriam Curet sold 408 shares of Intuitive Surgical stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $589.75, for a total transaction of $240,618.00. Following the completion of the sale, the executive vice president now owns 353 shares of the company’s stock, valued at $208,181.75. The trade was a 53.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jamie Samath sold 269 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $590.00, for a total value of $158,710.00. Following the transaction, the chief financial officer now owns 3,282 shares in the company, valued at $1,936,380. This trade represents a 7.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,240 shares of company stock valued at $3,529,040 in the last quarter. Corporate insiders own 0.80% of the company’s stock.

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.