M&T Bank Corp Has $36.22 Million Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

M&T Bank Corp grew its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,396 shares of the medical equipment provider's stock after purchasing an additional 815 shares during the quarter. M&T Bank Corp's holdings in Intuitive Surgical were worth $36,222,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Berbice Capital Management LLC bought a new stake in shares of Intuitive Surgical in the fourth quarter valued at about $26,000. BankPlus Trust Department bought a new position in Intuitive Surgical in the fourth quarter worth about $28,000. Kohmann Bosshard Financial Services LLC bought a new position in Intuitive Surgical in the fourth quarter worth about $31,000. MidAtlantic Capital Management Inc. bought a new position in Intuitive Surgical in the third quarter worth about $33,000. Finally, Decker Retirement Planning Inc. bought a new position in Intuitive Surgical in the fourth quarter worth about $36,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ISRG has been the topic of several recent analyst reports. Erste Group Bank upgraded shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a report on Tuesday, November 19th. Evercore ISI upped their price objective on shares of Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. Truist Financial upped their price objective on shares of Intuitive Surgical from $640.00 to $666.00 and gave the company a "buy" rating in a report on Friday, January 24th. Jefferies Financial Group upped their price objective on shares of Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. Finally, CICC Research initiated coverage on Intuitive Surgical in a research report on Monday, January 27th. They issued a "neutral" rating and a $550.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Intuitive Surgical presently has a consensus rating of "Moderate Buy" and an average price target of $613.10.

Intuitive Surgical Stock Performance

Shares of NASDAQ ISRG traded up $10.06 during trading on Wednesday, reaching $568.02. The stock had a trading volume of 2,038,885 shares, compared to its average volume of 1,388,005. Intuitive Surgical, Inc. has a one year low of $364.17 and a one year high of $616.00. The stock has a market cap of $202.32 billion, a PE ratio of 88.61, a P/E/G ratio of 5.85 and a beta of 1.43. The firm's 50 day moving average price is $571.70 and its two-hundred day moving average price is $530.90.

Insider Buying and Selling

In related news, CFO Jamie Samath sold 270 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $540.15, for a total transaction of $145,840.50. Following the sale, the chief financial officer now owns 8,757 shares of the company's stock, valued at $4,730,093.55. The trade was a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Myriam Curet sold 408 shares of Intuitive Surgical stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $589.75, for a total value of $240,618.00. Following the transaction, the executive vice president now owns 353 shares in the company, valued at approximately $208,181.75. This trade represents a 53.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,598 shares of company stock worth $7,223,467 in the last three months. 0.90% of the stock is owned by insiders.

Intuitive Surgical 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.