Kornitzer Capital Management Inc. KS Has $3.04 Million Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Kornitzer Capital Management Inc. KS boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,814 shares of the medical equipment provider’s stock after purchasing an additional 39 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Intuitive Surgical were worth $3,035,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ISRG. Howard Capital Management Group LLC grew its position in Intuitive Surgical by 4.5% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider’s stock valued at $1,044,000 after purchasing an additional 92 shares during the period. Capital Investment Advisors LLC lifted its stake in Intuitive Surgical by 7.3% during the 3rd quarter. Capital Investment Advisors LLC now owns 778 shares of the medical equipment provider’s stock valued at $382,000 after acquiring an additional 53 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Intuitive Surgical by 3.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 69,995 shares of the medical equipment provider’s stock valued at $34,386,000 after acquiring an additional 2,456 shares in the last quarter. Vest Financial LLC lifted its stake in Intuitive Surgical by 202.4% during the 3rd quarter. Vest Financial LLC now owns 2,232 shares of the medical equipment provider’s stock valued at $1,097,000 after acquiring an additional 1,494 shares in the last quarter. Finally, Godsey & Gibb Inc. lifted its stake in Intuitive Surgical by 140.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock valued at $29,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, CFO Jamie Samath sold 269 shares of Intuitive Surgical stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $590.00, for a total transaction of $158,710.00. Following the completion of the transaction, the chief financial officer now owns 3,282 shares of the company’s stock, valued at $1,936,380. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert Desantis sold 376 shares of Intuitive Surgical stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $539.00, for a total value of $202,664.00. Following the transaction, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at $2,967,734. The trade was a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,348 shares of company stock valued at $3,587,582 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.

Intuitive Surgical Stock Up 0.9 %

ISRG stock opened at $601.17 on Wednesday. The firm has a market capitalization of $214.12 billion, a PE ratio of 93.79, a PEG ratio of 5.67 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. The stock has a 50-day simple moving average of $561.88 and a two-hundred day simple moving average of $522.27.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Leerink Partners raised their price objective on Intuitive Surgical from $490.00 to $548.00 in a research note on Monday, January 27th. Citigroup raised their price objective on Intuitive Surgical from $640.00 to $711.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Jefferies Financial Group raised their price objective on Intuitive Surgical from $475.00 to $575.00 in a research note on Monday, January 27th. Piper Sandler restated an “overweight” rating and set a $670.00 price objective (up from $538.00) on shares of Intuitive Surgical in a research note on Friday, January 24th. Finally, UBS Group raised their price objective on Intuitive Surgical from $500.00 to $560.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and a consensus target price of $613.10.

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.