Advisor OS LLC Raises Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Advisor OS LLC lifted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,423 shares of the medical equipment provider’s stock after purchasing an additional 96 shares during the period. Advisor OS LLC’s holdings in Intuitive Surgical were worth $743,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lake Street Advisors Group LLC grew its stake in Intuitive Surgical by 6.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 3,473 shares of the medical equipment provider’s stock worth $1,813,000 after buying an additional 197 shares during the last quarter. JFG Wealth Management LLC acquired a new stake in shares of Intuitive Surgical in the fourth quarter valued at approximately $1,162,000. Kirtland Hills Capital Management LLC grew its position in shares of Intuitive Surgical by 15.0% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 1,125 shares of the medical equipment provider’s stock worth $587,000 after acquiring an additional 147 shares during the last quarter. Longbow Finance SA acquired a new position in shares of Intuitive Surgical in the 4th quarter valued at $4,431,000. Finally, Amalgamated Bank raised its position in Intuitive Surgical by 2.1% in the 4th quarter. Amalgamated Bank now owns 78,171 shares of the medical equipment provider’s stock valued at $40,802,000 after purchasing an additional 1,592 shares during the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on ISRG. Truist Financial raised their price objective on shares of Intuitive Surgical from $640.00 to $666.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Evercore ISI raised their price target on Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. Stifel Nicolaus boosted their price target on Intuitive Surgical from $525.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. UBS Group increased their price objective on Intuitive Surgical from $500.00 to $560.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, CICC Research started coverage on Intuitive Surgical in a report on Monday, January 27th. They issued a “neutral” rating and a $550.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $613.10.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, EVP Robert Desantis sold 376 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $539.00, for a total value of $202,664.00. Following the sale, the executive vice president now owns 5,506 shares of the company’s stock, valued at approximately $2,967,734. This represents a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jamie Samath sold 270 shares of Intuitive Surgical stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $540.15, for a total value of $145,840.50. Following the transaction, the chief financial officer now directly owns 8,757 shares of the company’s stock, valued at $4,730,093.55. This trade represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,240 shares of company stock valued at $3,529,040 in the last ninety days. Corporate insiders own 0.80% of the company’s stock.

Intuitive Surgical Trading Up 1.3 %

Shares of Intuitive Surgical stock opened at $580.93 on Thursday. The company has a 50-day moving average of $568.10 and a two-hundred day moving average of $527.65. The stock has a market cap of $206.92 billion, a PE ratio of 90.63, a price-to-earnings-growth ratio of 5.85 and a beta of 1.39. Intuitive Surgical, Inc. has a 12-month low of $364.17 and a 12-month high of $616.00.

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.