LPL Financial LLC Acquires 34,487 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

LPL Financial LLC boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 364,191 shares of the medical equipment provider’s stock after purchasing an additional 34,487 shares during the period. LPL Financial LLC’s holdings in Intuitive Surgical were worth $190,883,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Harbor Advisors LLC bought a new stake in Intuitive Surgical in the fourth quarter worth $261,000. Fox Run Management L.L.C. increased its position in shares of Intuitive Surgical by 294.7% in the fourth quarter. Fox Run Management L.L.C. now owns 1,918 shares of the medical equipment provider’s stock valued at $1,001,000 after acquiring an additional 1,432 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Intuitive Surgical in the fourth quarter valued at about $62,407,000. Hillsdale Investment Management Inc. increased its position in shares of Intuitive Surgical by 40.1% in the fourth quarter. Hillsdale Investment Management Inc. now owns 699 shares of the medical equipment provider’s stock valued at $365,000 after acquiring an additional 200 shares during the period. Finally, Plancorp LLC purchased a new position in shares of Intuitive Surgical in the fourth quarter valued at about $224,000. 83.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on ISRG. Bernstein Bank boosted their price objective on shares of Intuitive Surgical from $655.00 to $700.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Piper Sandler restated an “overweight” rating and issued a $670.00 price objective (up previously from $538.00) on shares of Intuitive Surgical in a research report on Friday, January 24th. Erste Group Bank cut shares of Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. BTIG Research boosted their price objective on shares of Intuitive Surgical from $535.00 to $561.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Robert W. Baird reduced their price target on shares of Intuitive Surgical from $707.00 to $600.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Intuitive Surgical currently has an average rating of “Moderate Buy” and an average price target of $611.86.

Insider Transactions at Intuitive Surgical

In other news, EVP Brian Edward Miller sold 8,900 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $485.07, for a total value of $4,317,123.00. Following the transaction, the executive vice president now owns 5,758 shares in the company, valued at approximately $2,793,033.06. This represents a 60.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Amal M. Johnson sold 4,635 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the completion of the transaction, the director now owns 12,275 shares in the company, valued at approximately $6,955,015. This represents a 27.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,754 shares of company stock worth $17,691,621. Corporate insiders own 0.90% of the company’s stock.

Intuitive Surgical Stock Performance

Shares of NASDAQ ISRG opened at $492.49 on Monday. The firm’s 50 day moving average price is $562.24 and its 200-day moving average price is $532.03. The company has a market cap of $175.41 billion, a PE ratio of 76.83, a P/E/G ratio of 5.85 and a beta of 1.43. Intuitive Surgical, Inc. has a 52-week low of $364.17 and a 52-week high of $616.00.

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.