Stephens Inc. AR Boosts Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Stephens Inc. AR increased its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 8.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,943 shares of the medical equipment provider's stock after acquiring an additional 732 shares during the period. Stephens Inc. AR's holdings in Intuitive Surgical were worth $4,668,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ISRG. Massachusetts Financial Services Co. MA purchased a new stake in shares of Intuitive Surgical during the third quarter worth about $558,807,000. International Assets Investment Management LLC boosted its holdings in Intuitive Surgical by 49,383.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,090,619 shares of the medical equipment provider's stock worth $535,788,000 after buying an additional 1,088,415 shares during the last quarter. FMR LLC increased its stake in Intuitive Surgical by 8.3% during the 3rd quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider's stock worth $5,389,765,000 after buying an additional 838,793 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in Intuitive Surgical by 15,322.2% during 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 buying an additional 552,058 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in shares of Intuitive Surgical by 50,740.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 312,671 shares of the medical equipment provider's stock valued at $163,202,000 after acquiring an additional 312,056 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company's stock.

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Insider Activity

In related news, EVP Myriam Curet sold 408 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $589.75, for a total transaction of $240,618.00. Following the completion of the transaction, the executive vice president now directly owns 353 shares of the company's stock, valued at $208,181.75. The trade was a 53.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robert Desantis sold 376 shares of the company'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 sale, the executive vice president now owns 5,506 shares in the company, valued at approximately $2,967,734. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,348 shares of company stock valued at $3,587,582. Company insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ISRG. CICC Research initiated coverage on Intuitive Surgical in a research report on Monday, January 27th. They set a "neutral" rating and a $550.00 price target for the company. Raymond James lifted their target price on shares of Intuitive Surgical from $560.00 to $688.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. BTIG Research increased their target price on shares of Intuitive Surgical from $535.00 to $561.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Royal Bank of Canada boosted their price target on shares of Intuitive Surgical from $611.00 to $641.00 in a research report on Monday, January 27th. Finally, Mizuho upped their price objective on shares of Intuitive Surgical from $440.00 to $500.00 in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $613.10.

Intuitive Surgical Trading Up 0.7 %

NASDAQ ISRG traded up $4.16 during trading hours on Friday, reaching $595.55. The company had a trading volume of 1,188,781 shares, compared to its average volume of 1,755,101. The stock has a market capitalization of $212.12 billion, a P/E ratio of 92.91, a price-to-earnings-growth ratio of 5.67 and a beta of 1.39. The stock has a 50-day moving average of $558.58 and a 200 day moving average of $518.00. Intuitive Surgical, Inc. has a 1-year low of $364.17 and a 1-year high of $616.00.

Intuitive Surgical Company 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.