Main Street Financial Solutions LLC Acquires 1,265 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Main Street Financial Solutions LLC lifted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 82.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,808 shares of the medical equipment provider's stock after buying an additional 1,265 shares during the period. Main Street Financial Solutions LLC's holdings in Intuitive Surgical were worth $1,466,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ISRG. Vanguard Group Inc. raised its holdings in shares of Intuitive Surgical by 1.1% during the fourth 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 during the last quarter. Geode Capital Management LLC raised its stake in Intuitive Surgical by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 7,756,727 shares of the medical equipment provider's stock valued at $4,039,200,000 after buying an additional 243,802 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Intuitive Surgical by 1.8% during the 4th quarter. Fisher Asset Management LLC now owns 4,868,869 shares of the medical equipment provider's stock valued at $2,541,356,000 after buying an additional 86,488 shares during the period. Norges Bank purchased a new position in shares of Intuitive Surgical in the 4th quarter worth $2,401,493,000. Finally, Invesco Ltd. grew its holdings in shares of Intuitive Surgical by 7.7% in the fourth quarter. Invesco Ltd. now owns 4,148,180 shares of the medical equipment provider's stock worth $2,165,184,000 after acquiring an additional 295,025 shares during the period. 83.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ISRG. Leerink Partners increased their price objective on shares of Intuitive Surgical from $490.00 to $548.00 in a research note on Monday, January 27th. Bernstein Bank lifted their price target on shares of Intuitive Surgical from $655.00 to $700.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Robert W. Baird reduced their price objective 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. UBS Group lifted their target price on Intuitive Surgical from $500.00 to $560.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. Finally, Evercore ISI boosted their price target on Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $611.81.

Intuitive Surgical Price Performance

Shares of NASDAQ ISRG traded up $1.40 during mid-day trading on Friday, hitting $482.74. 1,618,989 shares of the company's stock traded hands, compared to its average volume of 1,589,481. Intuitive Surgical, Inc. has a 1 year low of $364.31 and a 1 year high of $616.00. The company's 50-day moving average is $522.23 and its two-hundred day moving average is $532.34. The company has a market capitalization of $171.94 billion, a P/E ratio of 75.31, a PEG ratio of 5.85 and a beta of 1.55.

Insider Buying and Selling at Intuitive Surgical

In other news, CFO Jamie Samath sold 94 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $571.11, for a total value of $53,684.34. Following the sale, the chief financial officer now directly owns 2,630 shares in the company, valued at approximately $1,502,019.30. This represents a 3.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert Desantis sold 11,545 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $499.22, for a total value of $5,763,494.90. Following the transaction, the executive vice president now owns 5,224 shares of the company's stock, valued at approximately $2,607,925.28. The trade was a 68.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,754 shares of company stock worth $17,691,621 over the last ninety days. Company insiders own 0.70% of the company's stock.

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.