Kesler Norman & Wride LLC Buys New Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Kesler Norman & Wride LLC purchased a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,069 shares of the medical equipment provider’s stock, valued at approximately $558,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Howard Capital Management Group LLC raised its position in Intuitive Surgical by 4.5% during the third quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider’s stock valued at $1,044,000 after purchasing an additional 92 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Intuitive Surgical by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 602,393 shares of the medical equipment provider’s stock valued at $295,938,000 after buying an additional 9,194 shares in the last quarter. Benjamin Edwards Inc. lifted its position in Intuitive Surgical by 148.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 13,673 shares of the medical equipment provider’s stock worth $6,718,000 after buying an additional 8,176 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Intuitive Surgical by 1.4% in the third quarter. Janus Henderson Group PLC now owns 689,939 shares of the medical equipment provider’s stock worth $338,948,000 after buying an additional 9,727 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in Intuitive Surgical by 1.9% during the third quarter. Integrated Wealth Concepts LLC now owns 4,821 shares of the medical equipment provider’s stock valued at $2,369,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Intuitive Surgical from $610.00 to $674.00 in a report on Monday, January 27th. Truist Financial cut their price target on shares of Intuitive Surgical from $666.00 to $605.00 and set a “buy” rating for the company in a research report on Monday, March 17th. UBS Group lifted their price objective on Intuitive Surgical from $500.00 to $560.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Evercore ISI increased their target price on Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. Finally, Leerink Partners raised their price target on Intuitive Surgical from $490.00 to $548.00 in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $611.86.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, CFO Jamie Samath sold 94 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $571.11, for a total transaction of $53,684.34. Following the completion of the transaction, the chief financial officer now owns 2,630 shares of the company’s stock, valued at approximately $1,502,019.30. This trade represents a 3.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brian Edward Miller sold 8,900 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $485.07, for a total value of $4,317,123.00. Following the completion of the sale, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $2,793,033.06. This represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,754 shares of company stock valued at $17,691,621. 0.70% of the stock is currently owned by company insiders.

Intuitive Surgical Stock Up 2.2 %

ISRG opened at $507.05 on Thursday. Intuitive Surgical, Inc. has a 52 week low of $364.17 and a 52 week high of $616.00. The stock has a market cap of $180.60 billion, a PE ratio of 79.10, a PEG ratio of 5.85 and a beta of 1.43. The business has a 50 day moving average of $550.11 and a 200-day moving average of $532.84.

Intuitive Surgical Company 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.