Congress Asset Management Co. Has $150.95 Million Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Congress Asset Management Co. increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 307,266 shares of the medical equipment provider's stock after acquiring an additional 2,868 shares during the period. Intuitive Surgical makes up about 1.0% of Congress Asset Management Co.'s investment portfolio, making the stock its 21st largest position. Congress Asset Management Co. owned approximately 0.09% of Intuitive Surgical worth $150,951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ridgewood Investments LLC acquired a new position in shares of Intuitive Surgical in the 2nd quarter worth $26,000. Godsey & Gibb Inc. raised its holdings in Intuitive Surgical by 140.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider's stock worth $29,000 after buying an additional 35 shares during the period. Creekmur Asset Management LLC raised its holdings in Intuitive Surgical by 200.0% during the 1st quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider's stock worth $25,000 after buying an additional 42 shares during the period. LGT Financial Advisors LLC boosted its holdings in shares of Intuitive Surgical by 415.4% in the second quarter. LGT Financial Advisors LLC now owns 67 shares of the medical equipment provider's stock worth $30,000 after buying an additional 54 shares during the period. Finally, Delos Wealth Advisors LLC boosted its holdings in shares of Intuitive Surgical by 380.0% in the first quarter. Delos Wealth Advisors LLC now owns 72 shares of the medical equipment provider's stock worth $29,000 after buying an additional 57 shares during the period. 83.64% of the stock is currently owned by institutional investors.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, EVP Brian Edward Miller sold 2,553 shares of the business's stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $515.00, for a total transaction of $1,314,795.00. Following the completion of the transaction, the executive vice president now owns 7,066 shares of the company's stock, valued at $3,638,990. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Brian Edward Miller sold 2,553 shares of the company's stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $515.00, for a total transaction of $1,314,795.00. Following the completion of the transaction, the executive vice president now directly owns 7,066 shares in the company, valued at $3,638,990. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary S. Guthart sold 18,151 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $511.63, for a total value of $9,286,596.13. Following the completion of the sale, the chief executive officer now directly owns 24,219 shares of the company's stock, valued at $12,391,166.97. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,246 shares of company stock worth $33,839,308. 0.80% of the stock is owned by insiders.

Intuitive Surgical Trading Down 1.9 %

Intuitive Surgical stock traded down $9.93 during trading hours on Thursday, reaching $503.84. 1,468,704 shares of the company were exchanged, compared to its average volume of 1,462,898. Intuitive Surgical, Inc. has a 12 month low of $260.17 and a 12 month high of $523.34. The firm has a market cap of $179.46 billion, a price-to-earnings ratio of 82.60, a PEG ratio of 5.11 and a beta of 1.39. The stock has a 50-day moving average of $489.74 and a 200 day moving average of $445.30.

Analyst Ratings Changes

ISRG has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Intuitive Surgical from $375.00 to $460.00 and gave the company an "equal weight" rating in a research report on Monday, July 15th. Citigroup raised their target price on Intuitive Surgical from $512.00 to $560.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Oppenheimer reiterated a "market perform" rating on shares of Intuitive Surgical in a report on Friday, October 18th. Leerink Partners increased their price objective on Intuitive Surgical from $489.00 to $502.00 in a research note on Thursday, October 17th. Finally, Barclays increased their price target on shares of Intuitive Surgical from $430.00 to $490.00 and gave the stock an "overweight" rating in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $513.74.

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.