D.A. Davidson & CO. Increases Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

D.A. Davidson & CO. raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,198 shares of the medical equipment provider’s stock after purchasing an additional 115 shares during the quarter. D.A. Davidson & CO.’s holdings in Intuitive Surgical were worth $6,889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Howard Capital Management Group LLC boosted its stake in shares of Intuitive Surgical by 4.5% in 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 buying an additional 92 shares in the last quarter. Ledyard National Bank purchased a new stake in shares of Intuitive Surgical in the third quarter valued at approximately $214,000. Foundations Investment Advisors LLC boosted its stake in shares of Intuitive Surgical by 8.5% in the third quarter. Foundations Investment Advisors LLC now owns 590 shares of the medical equipment provider’s stock valued at $290,000 after buying an additional 46 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Intuitive Surgical by 4.2% in the third quarter. Sequoia Financial Advisors LLC now owns 7,618 shares of the medical equipment provider’s stock valued at $3,742,000 after buying an additional 308 shares in the last quarter. Finally, Eastern Bank boosted its stake in shares of Intuitive Surgical by 81.4% in the third quarter. Eastern Bank now owns 4,063 shares of the medical equipment provider’s stock valued at $1,996,000 after buying an additional 1,823 shares in the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, CFO Jamie Samath sold 269 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $590.00, for a total transaction of $158,710.00. Following the completion of the sale, the chief financial officer now owns 3,282 shares of the company’s stock, valued at approximately $1,936,380. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Desantis sold 376 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $539.00, for a total value of $202,664.00. Following the sale, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,967,734. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,348 shares of company stock worth $3,587,582. 0.80% of the stock is currently owned by insiders.

Intuitive Surgical Trading Up 1.3 %

Intuitive Surgical stock opened at $608.48 on Thursday. The firm has a market capitalization of $216.73 billion, a P/E ratio of 94.93, a PEG ratio of 5.74 and a beta of 1.39. The stock has a fifty day moving average price of $563.17 and a 200 day moving average price of $522.88. Intuitive Surgical, Inc. has a 52 week low of $364.17 and a 52 week high of $616.00.

Analyst Ratings Changes

A number of analysts recently weighed in on ISRG shares. UBS Group lifted their price target on Intuitive Surgical from $500.00 to $560.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Morgan Stanley raised Intuitive Surgical from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $522.00 to $650.00 in a report on Monday, December 2nd. Evercore ISI lifted their price objective on Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. Bernstein Bank lifted their price objective on Intuitive Surgical from $655.00 to $700.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Finally, Truist Financial lifted their price objective on Intuitive Surgical from $640.00 to $666.00 and gave the stock a “buy” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Intuitive Surgical currently has an average rating of “Moderate Buy” and an average target price of $613.10.

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.