Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Bought by Strategic Planning Group LLC

Strategic Planning Group LLC lifted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.6% during the fourth quarter, Holdings Channel reports. The firm owned 13,199 shares of the medical equipment provider’s stock after buying an additional 333 shares during the period. Intuitive Surgical comprises about 1.3% of Strategic Planning Group LLC’s holdings, making the stock its 24th largest position. Strategic Planning Group LLC’s holdings in Intuitive Surgical were worth $6,890,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Bennett Selby Investments LP increased its holdings in Intuitive Surgical by 3.9% in the fourth quarter. Bennett Selby Investments LP now owns 449 shares of the medical equipment provider’s stock worth $234,000 after buying an additional 17 shares during the last quarter. LVW Advisors LLC grew its position in Intuitive Surgical by 1.3% in the fourth quarter. LVW Advisors LLC now owns 1,448 shares of the medical equipment provider’s stock worth $756,000 after acquiring an additional 19 shares in the last quarter. Wesbanco Bank Inc. increased its stake in shares of Intuitive Surgical by 1.6% during the 4th quarter. Wesbanco Bank Inc. now owns 1,216 shares of the medical equipment provider’s stock worth $635,000 after purchasing an additional 19 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in shares of Intuitive Surgical by 5.8% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 362 shares of the medical equipment provider’s stock valued at $177,000 after purchasing an additional 20 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Intuitive Surgical by 4.1% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 503 shares of the medical equipment provider’s stock valued at $247,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

ISRG has been the topic of a number of analyst reports. CICC Research began coverage on Intuitive Surgical in a report on Monday. They set a “neutral” rating and a $550.00 price objective on the stock. Piper Sandler reissued an “overweight” rating and issued a $670.00 price target (up previously from $538.00) on shares of Intuitive Surgical in a research report on Friday, January 24th. Morgan Stanley raised shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $522.00 to $650.00 in a report on Monday, December 2nd. Evercore ISI lifted their target price on shares of Intuitive Surgical from $490.00 to $530.00 in a report on Monday. Finally, Jefferies Financial Group raised their price target on Intuitive Surgical from $475.00 to $575.00 in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned 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 Stock Down 0.2 %

Shares of ISRG stock opened at $572.71 on Thursday. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00. The company’s fifty day simple moving average is $548.70 and its 200-day simple moving average is $507.04. The firm has a market cap of $203.99 billion, a PE ratio of 92.08, a P/E/G ratio of 5.19 and a beta of 1.39.

Insiders Place Their Bets

In related news, Director Amal M. Johnson sold 4,635 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the transaction, the director now directly owns 12,275 shares in the company, valued at approximately $6,955,015. The trade was a 27.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jamie Samath sold 22,903 shares of the company’s 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 directly owns 8,757 shares in the company, valued at $4,597,425. This trade represents a 72.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,843 shares of company stock valued at $15,357,560 in the last three months. 0.90% of the stock is currently owned by corporate insiders.

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.