Maple Capital Management Inc. Boosts Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Maple Capital Management Inc. raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,462 shares of the medical equipment provider's stock after purchasing an additional 1,838 shares during the quarter. Intuitive Surgical comprises 1.4% of Maple Capital Management Inc.'s investment portfolio, making the stock its 26th biggest position. Maple Capital Management Inc.'s holdings in Intuitive Surgical were worth $18,895,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Intuitive Surgical by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 30,868,620 shares of the medical equipment provider's stock valued at $12,319,358,000 after acquiring an additional 493,126 shares during the period. Capital World Investors increased its stake in Intuitive Surgical by 1.0% during the 1st quarter. Capital World Investors now owns 7,284,269 shares of the medical equipment provider's stock worth $2,907,079,000 after buying an additional 73,634 shares during the period. Jennison Associates LLC increased its stake in Intuitive Surgical by 4.6% during the 1st quarter. Jennison Associates LLC now owns 4,488,343 shares of the medical equipment provider's stock worth $1,791,253,000 after buying an additional 198,483 shares during the period. American Century Companies Inc. increased its stake in Intuitive Surgical by 3.0% during the 2nd quarter. American Century Companies Inc. now owns 2,398,193 shares of the medical equipment provider's stock worth $1,066,837,000 after buying an additional 70,556 shares during the period. Finally, Clearbridge Investments LLC increased its stake in Intuitive Surgical by 1.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,981,297 shares of the medical equipment provider's stock worth $881,380,000 after buying an additional 30,449 shares during the period. 83.64% of the stock is owned by hedge funds and other institutional investors.

Intuitive Surgical Stock Down 0.3 %

NASDAQ:ISRG traded down $1.36 during trading hours on Tuesday, reaching $517.50. 1,341,383 shares of the company's stock were exchanged, compared to its average volume of 1,477,073. The firm has a market capitalization of $183.56 billion, a price-to-earnings ratio of 93.66, a P/E/G ratio of 5.40 and a beta of 1.39. Intuitive Surgical, Inc. has a 1-year low of $254.85 and a 1-year high of $523.34. The company has a 50-day moving average of $484.91 and a 200 day moving average of $439.55.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Intuitive Surgical from $495.00 to $575.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. The Goldman Sachs Group set a $604.00 price target on shares of Intuitive Surgical in a report on Friday. Evercore ISI reiterated a "cautious" rating on shares of Intuitive Surgical in a report on Friday. BTIG Research set a $535.00 price target on shares of Intuitive Surgical in a report on Friday. Finally, Piper Sandler reiterated an "overweight" rating and set a $538.00 price target (up previously from $495.00) on shares of Intuitive Surgical in a report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $513.74.

Insiders Place Their Bets

In other Intuitive Surgical news, Director Amal M. Johnson sold 2,943 shares of the company's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $443.30, for a total transaction of $1,304,631.90. Following the completion of the transaction, the director now owns 12,275 shares in the company, valued at approximately $5,441,507.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Amal M. Johnson sold 2,943 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $443.30, for a total value of $1,304,631.90. Following the completion of the transaction, the director now owns 12,275 shares in the company, valued at $5,441,507.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Brosius sold 2,115 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $491.91, for a total transaction of $1,040,389.65. Following the completion of the transaction, the insider now owns 295 shares of the company's stock, valued at $145,113.45. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,902 shares of company stock worth $23,596,360. 0.90% of the stock is owned by insiders.

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.