Advisory Services Network LLC Buys 2,886 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Advisory Services Network LLC raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 13.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,986 shares of the medical equipment provider's stock after acquiring an additional 2,886 shares during the quarter. Advisory Services Network LLC's holdings in Intuitive Surgical were worth $13,042,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. M.E. Allison & CO. Inc. bought a new position in Intuitive Surgical during the 4th quarter valued at approximately $449,000. Seilern Investment Management Ltd bought a new position in shares of Intuitive Surgical during the fourth quarter valued at approximately $82,517,000. Sycomore Asset Management lifted its stake in Intuitive Surgical by 27.4% in the fourth quarter. Sycomore Asset Management now owns 18,945 shares of the medical equipment provider's stock worth $9,214,000 after acquiring an additional 4,079 shares during the period. Exome Asset Management LLC lifted its stake in Intuitive Surgical by 16.8% in the third quarter. Exome Asset Management LLC now owns 7,427 shares of the medical equipment provider's stock worth $3,649,000 after acquiring an additional 1,069 shares during the period. Finally, China Universal Asset Management Co. Ltd. boosted its holdings in Intuitive Surgical by 5.6% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 9,843 shares of the medical equipment provider's stock valued at $5,138,000 after acquiring an additional 525 shares in the last quarter. 83.64% of the stock is owned by institutional investors.

Intuitive Surgical Price Performance

NASDAQ ISRG traded up $4.08 during mid-day trading on Friday, reaching $493.60. The stock had a trading volume of 2,842,153 shares, compared to its average volume of 1,599,856. The stock has a market cap of $175.81 billion, a PE ratio of 77.00, a price-to-earnings-growth ratio of 5.85 and a beta of 1.55. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00. The company has a fifty day moving average price of $532.72 and a 200 day moving average price of $532.36.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ISRG shares. Evercore ISI raised their target price on shares of Intuitive Surgical from $490.00 to $530.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. raised their price objective on shares of Intuitive Surgical from $575.00 to $675.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Erste Group Bank downgraded Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Robert W. Baird lowered their target price on Intuitive Surgical from $707.00 to $600.00 and set an "outperform" rating for the company in a research note on Tuesday, March 18th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $670.00 price target (up from $538.00) on shares of Intuitive Surgical in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $611.86.

Insider Activity

In related news, EVP Robert Desantis sold 11,545 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $499.22, for a total transaction of $5,763,494.90. Following the completion of the sale, the executive vice president now owns 5,224 shares in the company, valued at approximately $2,607,925.28. This represents a 68.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amal M. Johnson sold 4,635 shares of the firm's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $566.60, for a total value of $2,626,191.00. Following the completion of the transaction, the director now directly owns 12,275 shares in the company, valued at $6,955,015. The trade was a 27.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,754 shares of company stock valued at $17,691,621 over the last ninety days. 0.70% of the stock is currently owned by corporate 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.