Proficio Capital Partners LLC Has $495.85 Million Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Proficio Capital Partners LLC lifted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 89,098.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 949,967 shares of the medical equipment provider's stock after buying an additional 948,902 shares during the quarter. Proficio Capital Partners LLC owned about 0.27% of Intuitive Surgical worth $495,845,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ISRG. Massachusetts Financial Services Co. MA acquired a new stake in Intuitive Surgical in the 3rd quarter worth about $558,807,000. FMR LLC raised its stake in Intuitive Surgical by 8.3% in the 3rd quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider's stock worth $5,389,765,000 after purchasing an additional 838,793 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in Intuitive Surgical by 15,322.2% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 555,661 shares of the medical equipment provider's stock worth $272,980,000 after purchasing an additional 552,058 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in Intuitive Surgical by 50,740.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 312,671 shares of the medical equipment provider's stock worth $163,202,000 after purchasing an additional 312,056 shares in the last quarter. Finally, State Street Corp raised its stake in Intuitive Surgical by 1.4% in the 3rd quarter. State Street Corp now owns 15,050,121 shares of the medical equipment provider's stock worth $7,393,673,000 after purchasing an additional 210,363 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Leerink Partners lifted their price objective on shares of Intuitive Surgical from $490.00 to $548.00 in a research note on Monday, January 27th. UBS Group raised their target price on shares of Intuitive Surgical from $500.00 to $560.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Erste Group Bank raised shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a report on Tuesday, November 19th. Jefferies Financial Group raised their target price on shares of Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. Finally, Wells Fargo & Company raised their target price on shares of Intuitive Surgical from $630.00 to $687.00 and gave the company an "overweight" rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Intuitive Surgical currently has a consensus rating of "Moderate Buy" and an average target price of $613.10.

Insiders Place Their Bets

In other news, Director Amal M. Johnson sold 4,635 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total value of $2,626,191.00. Following the transaction, the director now owns 12,275 shares in the company, valued at approximately $6,955,015. The trade was a 27.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Myriam Curet sold 2,401 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $581.00, for a total transaction of $1,394,981.00. Following the completion of the transaction, the executive vice president now owns 353 shares in the company, valued at $205,093. This trade represents a 87.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,077 shares of company stock valued at $4,620,025 in the last ninety days. 0.90% of the stock is currently owned by insiders.

Intuitive Surgical Trading Up 1.7 %

ISRG traded up $9.38 during trading on Friday, reaching $573.15. 2,399,758 shares of the company's stock were exchanged, compared to its average volume of 1,733,598. Intuitive Surgical, Inc. has a one year low of $364.17 and a one year high of $616.00. The stock has a market capitalization of $204.14 billion, a PE ratio of 89.42, a price-to-earnings-growth ratio of 5.85 and a beta of 1.39. The firm has a fifty day moving average price of $569.87 and a two-hundred day moving average price of $528.64.

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.