SteelPeak Wealth LLC Raises Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

SteelPeak Wealth LLC raised its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 262.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,570 shares of the medical equipment provider's stock after purchasing an additional 19,960 shares during the quarter. SteelPeak Wealth LLC's holdings in Intuitive Surgical were worth $13,544,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Diversify Wealth Management LLC lifted its position in Intuitive Surgical by 30.5% during the third quarter. Diversify Wealth Management LLC now owns 3,997 shares of the medical equipment provider's stock valued at $2,049,000 after purchasing an additional 934 shares during the period. Pinnacle Associates Ltd. lifted its holdings in shares of Intuitive Surgical by 2.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 2,552 shares of the medical equipment provider's stock valued at $1,254,000 after buying an additional 53 shares during the period. First Trust Direct Indexing L.P. boosted its stake in shares of Intuitive Surgical by 8.6% in the third quarter. First Trust Direct Indexing L.P. now owns 13,483 shares of the medical equipment provider's stock worth $6,624,000 after buying an additional 1,066 shares during the last quarter. Evermay Wealth Management LLC grew its holdings in Intuitive Surgical by 32.6% during the third quarter. Evermay Wealth Management LLC now owns 427 shares of the medical equipment provider's stock worth $210,000 after acquiring an additional 105 shares during the period. Finally, Creekmur Asset Management LLC raised its position in Intuitive Surgical by 288.7% during the third quarter. Creekmur Asset Management LLC now owns 1,854 shares of the medical equipment provider's stock valued at $911,000 after acquiring an additional 1,377 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Intuitive Surgical Trading Down 0.5 %

NASDAQ ISRG traded down $2.54 during trading hours on Wednesday, reaching $513.77. The company had a trading volume of 1,112,105 shares, compared to its average volume of 1,462,858. The stock has a market capitalization of $182.99 billion, a P/E ratio of 83.01, a price-to-earnings-growth ratio of 5.11 and a beta of 1.39. The stock has a 50-day moving average of $489.22 and a 200 day moving average of $444.82. Intuitive Surgical, Inc. has a 1-year low of $260.17 and a 1-year high of $523.34.

Insider Activity

In related news, EVP Robert Desantis sold 240 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $464.76, for a total transaction of $111,542.40. Following the transaction, the executive vice president now owns 5,506 shares of the company's stock, valued at approximately $2,558,968.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intuitive Surgical news, EVP Robert Desantis sold 240 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $464.76, for a total transaction of $111,542.40. Following the sale, the executive vice president now directly owns 5,506 shares in the company, valued at $2,558,968.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Brosius sold 2,115 shares of the business's stock in a transaction on Thursday, September 12th. The stock was 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 approximately $145,113.45. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,038 shares of company stock valued at $25,857,344. Company insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Oppenheimer restated a "market perform" rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Redburn Atlantic upgraded Intuitive Surgical from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $380.00 to $510.00 in a research note on Friday, August 2nd. Morgan Stanley lifted their price target on Intuitive Surgical from $375.00 to $460.00 and gave the stock an "equal weight" rating in a research note on Monday, July 15th. The Goldman Sachs Group set a $604.00 price objective on Intuitive Surgical in a research note on Friday, October 18th. Finally, Mizuho lifted their target price on shares of Intuitive Surgical from $440.00 to $500.00 in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Intuitive Surgical presently has a consensus rating of "Moderate Buy" and a consensus price target of $513.74.

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.