Kennedy Capital Management LLC Purchases 1,681 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Kennedy Capital Management LLC boosted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 14.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,094 shares of the medical equipment provider's stock after purchasing an additional 1,681 shares during the quarter. Kennedy Capital Management LLC's holdings in Intuitive Surgical were worth $6,835,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Norges Bank purchased a new stake in shares of Intuitive Surgical in the fourth quarter valued at about $2,401,493,000. Proficio Capital Partners LLC raised its holdings in shares of Intuitive Surgical by 89,098.8% in the 4th quarter. Proficio Capital Partners LLC now owns 949,967 shares of the medical equipment provider's stock valued at $495,845,000 after buying an additional 948,902 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Intuitive Surgical in the fourth quarter valued at approximately $313,769,000. Wilmington Savings Fund Society FSB increased its position in shares of Intuitive Surgical by 15,322.2% during the third quarter. Wilmington Savings Fund Society FSB now owns 555,661 shares of the medical equipment provider's stock worth $272,980,000 after acquiring an additional 552,058 shares during the period. Finally, Vanguard Group Inc. raised its position in Intuitive Surgical by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 32,212,196 shares of the medical equipment provider's stock valued at $16,813,478,000 after purchasing an additional 360,591 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intuitive Surgical

In related news, Director Amal M. Johnson sold 4,635 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the sale, the director now owns 12,275 shares of the company's stock, valued at approximately $6,955,015. The trade was a 27.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jamie Samath sold 94 shares of the stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $571.11, for a total value of $53,684.34. Following the transaction, the chief financial officer now owns 2,630 shares in the company, valued at $1,502,019.30. This trade represents a 3.45 % 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 owned by company insiders.

Wall Street Analyst Weigh In

ISRG has been the topic of a number of research analyst reports. CICC Research began coverage on Intuitive Surgical in a research report on Monday, January 27th. They set a "neutral" rating and a $550.00 target price on the stock. Evercore ISI increased their price target on shares of Intuitive Surgical from $490.00 to $530.00 in a research report on Monday, January 27th. Citigroup lifted their target price on shares of Intuitive Surgical from $640.00 to $711.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Truist Financial cut their target price on Intuitive Surgical from $666.00 to $605.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Finally, Royal Bank of Canada lifted their target price on shares of Intuitive Surgical from $611.00 to $641.00 in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $611.81.

Intuitive Surgical Stock Up 0.9 %

Shares of Intuitive Surgical stock traded up $4.56 on Thursday, reaching $485.90. The company's stock had a trading volume of 883,047 shares, compared to its average volume of 1,599,163. The firm's fifty day simple moving average is $526.67 and its two-hundred day simple moving average is $532.10. The company has a market capitalization of $173.07 billion, a price-to-earnings ratio of 75.83, a P/E/G ratio of 5.85 and a beta of 1.55. Intuitive Surgical, Inc. has a 52 week low of $364.17 and a 52 week high of $616.00.

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.