Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Acquired by Forsta AP Fonden

Forsta AP Fonden boosted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 12.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,200 shares of the medical equipment provider’s stock after buying an additional 9,300 shares during the period. Forsta AP Fonden’s holdings in Intuitive Surgical were worth $42,347,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Intuitive Surgical by 4.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 184,223 shares of the medical equipment provider’s stock worth $88,276,000 after acquiring an additional 7,231 shares during the period. Parcion Private Wealth LLC increased its position in Intuitive Surgical by 22.9% during the 3rd quarter. Parcion Private Wealth LLC now owns 1,240 shares of the medical equipment provider’s stock worth $609,000 after purchasing an additional 231 shares during the period. Outlook Wealth Advisors LLC purchased a new position in shares of Intuitive Surgical during the 3rd quarter worth approximately $200,000. Highland Capital Management LLC acquired a new stake in shares of Intuitive Surgical in the 3rd quarter valued at approximately $3,079,000. Finally, Elwood & Goetz Wealth Advisory Group LLC purchased a new stake in shares of Intuitive Surgical in the third quarter valued at approximately $285,000. 83.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ISRG has been the subject of several research analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $538.00 price objective (up previously from $495.00) on shares of Intuitive Surgical in a research report on Friday, October 18th. Barclays raised their price objective on shares of Intuitive Surgical from $430.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Robert W. Baird increased their target price on shares of Intuitive Surgical from $503.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Redburn Atlantic raised Intuitive Surgical from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $380.00 to $510.00 in a research note on Friday, August 2nd. Finally, Morgan Stanley lifted their price objective on Intuitive Surgical from $375.00 to $460.00 and gave the stock an “equal weight” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Intuitive Surgical presently has an average rating of “Moderate Buy” and an average price target of $513.74.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, EVP Brian Edward Miller sold 2,553 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $515.00, for a total value of $1,314,795.00. Following the sale, the executive vice president now directly owns 7,066 shares of the company’s stock, valued at approximately $3,638,990. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Amal M. Johnson sold 2,943 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $443.30, for a total transaction of $1,304,631.90. Following the completion of the sale, the director now directly owns 12,275 shares in the company, valued at $5,441,507.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Brian Edward Miller sold 2,553 shares of Intuitive Surgical stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $515.00, for a total value of $1,314,795.00. Following the completion of the transaction, the executive vice president now owns 7,066 shares in the company, valued at $3,638,990. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,192 shares of company stock worth $25,398,571. 0.90% of the stock is currently owned by insiders.

Intuitive Surgical Price Performance

ISRG traded down $0.36 during trading on Friday, hitting $511.27. The company’s stock had a trading volume of 982,549 shares, compared to its average volume of 1,266,059. Intuitive Surgical, Inc. has a twelve month low of $254.85 and a twelve month high of $523.34. The firm’s 50 day moving average price is $487.34 and its 200-day moving average price is $441.45. The stock has a market cap of $182.10 billion, a PE ratio of 82.20, a PEG ratio of 5.11 and a beta of 1.39.

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.