Harbor Investment Advisory LLC Raises Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Harbor Investment Advisory LLC increased its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 10.7% in the 4th quarter, Holdings Channel reports. The firm owned 2,635 shares of the medical equipment provider’s stock after buying an additional 254 shares during the period. Harbor Investment Advisory LLC’s holdings in Intuitive Surgical were worth $1,375,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in ISRG. AE Wealth Management LLC grew its position in shares of Intuitive Surgical by 24.5% during the second quarter. AE Wealth Management LLC now owns 3,822 shares of the medical equipment provider’s stock worth $1,700,000 after acquiring an additional 752 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in Intuitive Surgical by 7.1% during the 2nd quarter. Epoch Investment Partners Inc. now owns 1,036 shares of the medical equipment provider’s stock worth $461,000 after purchasing an additional 69 shares during the period. Fidelis Capital Partners LLC grew its position in Intuitive Surgical by 5.3% during the 2nd quarter. Fidelis Capital Partners LLC now owns 2,438 shares of the medical equipment provider’s stock worth $1,095,000 after purchasing an additional 123 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Intuitive Surgical by 32.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the medical equipment provider’s stock valued at $514,000 after purchasing an additional 281 shares during the period. Finally, Edge Capital Group LLC raised its holdings in shares of Intuitive Surgical by 6.3% in the second quarter. Edge Capital Group LLC now owns 744 shares of the medical equipment provider’s stock valued at $331,000 after buying an additional 44 shares during the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Intuitive Surgical news, insider Jamie Samath sold 22,903 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $525.00, for a total transaction of $12,024,075.00. Following the sale, the insider now owns 8,757 shares in the company, valued at approximately $4,597,425. This represents a 72.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Desantis sold 1,012 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $514.00, for a total value of $520,168.00. Following the completion of the transaction, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,830,084. This trade represents a 15.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,509 shares of company stock worth $22,602,212 over the last 90 days. 0.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ISRG shares. Truist Financial raised their price target on Intuitive Surgical from $570.00 to $640.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Evercore ISI reissued a “cautious” rating on shares of Intuitive Surgical in a report on Friday, October 18th. Citigroup increased their price target on Intuitive Surgical from $567.00 to $640.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Piper Sandler reissued 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. Finally, Robert W. Baird raised their target price on shares of Intuitive Surgical from $503.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Intuitive Surgical currently has an average rating of “Moderate Buy” and an average target price of $554.17.

Intuitive Surgical Price Performance

NASDAQ ISRG opened at $592.64 on Tuesday. The business has a 50 day moving average price of $540.66 and a 200 day moving average price of $499.64. The company has a market capitalization of $211.09 billion, a P/E ratio of 95.28, a PEG ratio of 4.66 and a beta of 1.39. Intuitive Surgical, Inc. has a 1-year low of $362.14 and a 1-year high of $597.68.

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.