Kennedy Capital Management LLC Grows Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Kennedy Capital Management LLC boosted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 14.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,094 shares of the medical equipment provider’s stock after buying an additional 1,681 shares during the period. Kennedy Capital Management LLC’s holdings in Intuitive Surgical were worth $6,835,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Treasurer of the State of North Carolina lifted its holdings in shares of Intuitive Surgical by 0.5% in the 4th quarter. Treasurer of the State of North Carolina now owns 160,391 shares of the medical equipment provider’s stock worth $83,718,000 after acquiring an additional 766 shares during the last quarter. Legacy Financial Advisors Inc. increased its holdings in Intuitive Surgical by 11.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 2,325 shares of the medical equipment provider’s stock valued at $1,214,000 after purchasing an additional 237 shares during the last quarter. Scotia Capital Inc. raised its position in Intuitive Surgical by 4.1% in the fourth quarter. Scotia Capital Inc. now owns 5,166 shares of the medical equipment provider’s stock valued at $2,697,000 after purchasing an additional 204 shares during the period. F M Investments LLC lifted its stake in Intuitive Surgical by 8.6% during the fourth quarter. F M Investments LLC now owns 20,426 shares of the medical equipment provider’s stock worth $10,662,000 after purchasing an additional 1,611 shares in the last quarter. Finally, DRW Securities LLC boosted its position in shares of Intuitive Surgical by 47.0% during the fourth quarter. DRW Securities LLC now owns 2,205 shares of the medical equipment provider’s stock worth $1,151,000 after buying an additional 705 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ISRG. Leerink Partners boosted their price objective on Intuitive Surgical from $490.00 to $548.00 in a report on Monday, January 27th. Wells Fargo & Company boosted their price target on shares of Intuitive Surgical from $630.00 to $687.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Truist Financial lowered their price objective on shares of Intuitive Surgical from $666.00 to $605.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Jefferies Financial Group upped their target price on shares of Intuitive Surgical from $475.00 to $575.00 in a research note on Monday, January 27th. Finally, Raymond James increased their target price on shares of Intuitive Surgical from $560.00 to $688.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $611.86.

Insider Buying and Selling

In related news, EVP Robert Desantis sold 11,545 shares of Intuitive Surgical stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $499.22, for a total transaction of $5,763,494.90. Following the sale, the executive vice president now directly owns 5,224 shares in the company, valued at $2,607,925.28. This trade represents a 68.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jamie Samath sold 94 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $571.11, for a total transaction of $53,684.34. Following the completion of the transaction, the chief financial officer now owns 2,630 shares of the company’s stock, valued at $1,502,019.30. This represents a 3.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,754 shares of company stock worth $17,691,621 over the last 90 days. 0.70% of the stock is owned by insiders.

Intuitive Surgical Stock Performance

NASDAQ:ISRG opened at $493.60 on Friday. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00. The stock has a market cap of $175.81 billion, a P/E ratio of 77.00, a P/E/G ratio of 5.85 and a beta of 1.55. The stock has a 50-day simple moving average of $532.72 and a 200-day simple moving average of $532.36.

Intuitive Surgical 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.