Intuitive Surgical, Inc. (NASDAQ:ISRG) Stock Position Raised by Foster & Motley Inc.

Foster & Motley Inc. raised its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 388.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,351 shares of the medical equipment provider's stock after purchasing an additional 1,870 shares during the period. Foster & Motley Inc.'s holdings in Intuitive Surgical were worth $1,227,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. State Street Corp lifted its position in Intuitive Surgical by 1.4% during the third quarter. State Street Corp now owns 15,050,121 shares of the medical equipment provider's stock valued at $7,393,673,000 after buying an additional 210,363 shares in the last quarter. FMR LLC lifted its holdings in shares of Intuitive Surgical by 8.3% during the 3rd quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider's stock valued at $5,389,765,000 after acquiring an additional 838,793 shares in the last quarter. Geode Capital Management LLC boosted its position in Intuitive Surgical by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 7,512,925 shares of the medical equipment provider's stock worth $3,677,194,000 after purchasing an additional 143,440 shares during the period. Fisher Asset Management LLC increased its holdings in Intuitive Surgical by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 4,782,381 shares of the medical equipment provider's stock valued at $2,349,441,000 after purchasing an additional 86,208 shares in the last quarter. Finally, Baillie Gifford & Co. raised its position in Intuitive Surgical by 0.6% in the third quarter. Baillie Gifford & Co. now owns 3,848,547 shares of the medical equipment provider's stock valued at $1,890,676,000 after purchasing an additional 24,183 shares during the period. Hedge funds and other institutional investors own 83.64% of the company's stock.

Intuitive Surgical Stock Performance

Shares of NASDAQ:ISRG traded up $4.70 during midday trading on Friday, reaching $584.88. The company had a trading volume of 109,024 shares, compared to its average volume of 1,921,334. The company has a fifty day simple moving average of $549.92 and a two-hundred day simple moving average of $508.00. The firm has a market cap of $208.32 billion, a price-to-earnings ratio of 91.32, a price-to-earnings-growth ratio of 5.52 and a beta of 1.39. Intuitive Surgical, Inc. has a 1-year low of $364.17 and a 1-year high of $616.00.

Analyst Ratings Changes

A number of research firms have recently issued reports on ISRG. Morgan Stanley upgraded Intuitive Surgical from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $522.00 to $650.00 in a research note on Monday, December 2nd. Citigroup increased their price objective on shares of Intuitive Surgical from $640.00 to $711.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Royal Bank of Canada lifted their target price on Intuitive Surgical from $611.00 to $641.00 in a research report on Monday. Barclays raised their price objective on Intuitive Surgical from $610.00 to $674.00 in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Intuitive Surgical from $575.00 to $675.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Intuitive Surgical has an average rating of "Moderate Buy" and an average target price of $613.10.

Insiders Place Their Bets

In other news, insider Jamie Samath sold 22,903 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $525.00, for a total value of $12,024,075.00. Following the completion of the sale, the insider now owns 8,757 shares of the company's stock, valued at $4,597,425. This trade represents a 72.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Robert Desantis sold 376 shares of Intuitive Surgical stock in a transaction on Friday, November 29th. The shares were sold at an average price of $539.00, for a total value of $202,664.00. Following the transaction, the executive vice president now owns 5,506 shares in the company, valued at $2,967,734. This represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,843 shares of company stock worth $15,357,560 over the last ninety days. 0.90% of the stock is currently owned by company insiders.

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.