First Merchants Corp Invests $201,000 in Intuitive Surgical, Inc. (NASDAQ:ISRG)

First Merchants Corp purchased a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 386 shares of the medical equipment provider’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA lifted its holdings in shares of Intuitive Surgical by 46.1% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 3,775 shares of the medical equipment provider’s stock worth $1,970,000 after buying an additional 1,192 shares in the last quarter. Root Financial Partners LLC grew its holdings in shares of Intuitive Surgical by 3.4% in the fourth quarter. Root Financial Partners LLC now owns 3,630 shares of the medical equipment provider’s stock worth $1,895,000 after purchasing an additional 121 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Intuitive Surgical by 5.8% in the fourth quarter. Vontobel Holding Ltd. now owns 48,776 shares of the medical equipment provider’s stock worth $25,459,000 after purchasing an additional 2,655 shares during the last quarter. Catalyst Financial Partners LLC grew its holdings in shares of Intuitive Surgical by 3.5% in the fourth quarter. Catalyst Financial Partners LLC now owns 1,916 shares of the medical equipment provider’s stock worth $1,000,000 after purchasing an additional 64 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Intuitive Surgical by 1.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 182,559 shares of the medical equipment provider’s stock worth $97,647,000 after purchasing an additional 2,106 shares during the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Intuitive Surgical Price Performance

ISRG opened at $595.55 on Friday. The business’s 50-day moving average is $558.58 and its two-hundred day moving average is $518.00. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00. The firm has a market capitalization of $212.12 billion, a PE ratio of 92.91, a price-to-earnings-growth ratio of 5.67 and a beta of 1.39.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ISRG. Stifel Nicolaus increased their price objective on shares of Intuitive Surgical from $525.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company increased their target price on Intuitive Surgical from $630.00 to $687.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Evercore ISI increased their target price on Intuitive Surgical from $490.00 to $530.00 in a research report on Monday, January 27th. The Goldman Sachs Group set a $604.00 price target on Intuitive Surgical in a research report on Friday, October 18th. Finally, Royal Bank of Canada raised their price target on Intuitive Surgical from $611.00 to $641.00 in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $613.10.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, EVP Robert Desantis sold 376 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $539.00, for a total value of $202,664.00. Following the completion of the sale, the executive vice president now owns 5,506 shares of the company’s stock, valued at approximately $2,967,734. This trade represents a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jamie Samath sold 269 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $590.00, for a total value of $158,710.00. Following the completion of the sale, the chief financial officer now directly owns 3,282 shares of the company’s stock, valued at approximately $1,936,380. This represents a 7.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,348 shares of company stock worth $3,587,582 over the last quarter. Insiders own 0.90% of the company’s stock.

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.