Trifecta Capital Advisors LLC Acquires 655 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Trifecta Capital Advisors LLC raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,514 shares of the medical equipment provider's stock after purchasing an additional 655 shares during the quarter. Intuitive Surgical accounts for approximately 1.2% of Trifecta Capital Advisors LLC's portfolio, making the stock its 27th largest holding. Trifecta Capital Advisors LLC's holdings in Intuitive Surgical were worth $6,010,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ISRG. State Street Corp boosted its position in shares of Intuitive Surgical by 1.4% in the third quarter. State Street Corp now owns 15,050,121 shares of the medical equipment provider's stock worth $7,393,673,000 after buying an additional 210,363 shares during the period. FMR LLC boosted its holdings in Intuitive Surgical by 8.3% in the 3rd quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider's stock worth $5,389,765,000 after acquiring an additional 838,793 shares during the period. Geode Capital Management LLC grew its position in Intuitive Surgical by 1.9% in the third quarter. Geode Capital Management LLC now owns 7,512,925 shares of the medical equipment provider's stock valued at $3,677,194,000 after acquiring an additional 143,440 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Intuitive Surgical by 1.8% during the third quarter. Fisher Asset Management LLC now owns 4,782,381 shares of the medical equipment provider's stock valued at $2,349,441,000 after purchasing an additional 86,208 shares during the period. Finally, Baillie Gifford & Co. boosted its stake in shares of Intuitive Surgical by 0.6% in the third quarter. Baillie Gifford & Co. now owns 3,848,547 shares of the medical equipment provider's stock valued at $1,890,676,000 after purchasing an additional 24,183 shares during the period. Hedge funds and other institutional investors own 83.64% of the company's stock.

Intuitive Surgical Trading Down 2.9 %

Intuitive Surgical stock traded down $17.27 on Tuesday, reaching $573.74. 2,548,276 shares of the stock were exchanged, compared to its average volume of 1,739,679. The firm has a fifty day moving average price of $566.43 and a two-hundred day moving average price of $526.49. The stock has a market cap of $204.35 billion, a PE ratio of 89.51, a PEG ratio of 5.85 and a beta of 1.39. Intuitive Surgical, Inc. has a twelve month low of $364.17 and a twelve month high of $616.00.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ISRG. Barclays lifted their price target on shares of Intuitive Surgical from $610.00 to $674.00 in a research note on Monday, January 27th. Citigroup boosted their price target on Intuitive Surgical from $640.00 to $711.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. CICC Research began coverage on Intuitive Surgical in a report on Monday, January 27th. They set a "neutral" rating and a $550.00 price objective on the stock. Wells Fargo & Company increased their target price on Intuitive Surgical from $630.00 to $687.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $613.10.

Insider Buying and Selling at Intuitive Surgical

In related news, EVP Myriam Curet sold 408 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $589.75, for a total transaction of $240,618.00. Following the transaction, the executive vice president now owns 353 shares of the company's stock, valued at approximately $208,181.75. The trade was a 53.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jamie Samath sold 269 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $590.00, for a total transaction of $158,710.00. Following the transaction, the chief financial officer now owns 3,282 shares of the company's stock, valued at approximately $1,936,380. The trade was a 7.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,240 shares of company stock valued at $3,529,040 in the last 90 days. 0.80% of the stock is currently owned by insiders.

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.