Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Bought by Focus Financial Network Inc.

Focus Financial Network Inc. boosted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 14.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,273 shares of the medical equipment provider’s stock after buying an additional 160 shares during the period. Focus Financial Network Inc.’s holdings in Intuitive Surgical were worth $626,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ISRG. Norden Group LLC raised its holdings in Intuitive Surgical by 32.4% during the 1st quarter. Norden Group LLC now owns 957 shares of the medical equipment provider’s stock worth $382,000 after buying an additional 234 shares during the period. Private Advisor Group LLC increased its holdings in shares of Intuitive Surgical by 9.1% in the 1st quarter. Private Advisor Group LLC now owns 11,873 shares of the medical equipment provider’s stock valued at $4,738,000 after purchasing an additional 987 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Intuitive Surgical by 8.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 55,606 shares of the medical equipment provider’s stock valued at $22,192,000 after purchasing an additional 4,305 shares during the period. Choreo LLC increased its holdings in shares of Intuitive Surgical by 7.6% in the 1st quarter. Choreo LLC now owns 2,169 shares of the medical equipment provider’s stock valued at $866,000 after purchasing an additional 154 shares during the period. Finally, Fidelis Capital Partners LLC increased its holdings in shares of Intuitive Surgical by 26.8% in the 1st quarter. Fidelis Capital Partners LLC now owns 2,313 shares of the medical equipment provider’s stock valued at $923,000 after purchasing an additional 489 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Intuitive Surgical Trading Up 0.5 %

ISRG opened at $506.34 on Friday. Intuitive Surgical, Inc. has a 1-year low of $269.49 and a 1-year high of $523.34. The stock has a market capitalization of $180.35 billion, a price-to-earnings ratio of 81.41, a P/E/G ratio of 4.95 and a beta of 1.39. The business has a 50 day moving average of $490.41 and a 200-day moving average of $447.08.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Evercore ISI reiterated a “cautious” rating on shares of Intuitive Surgical in a report on Friday, October 18th. Redburn Atlantic raised Intuitive Surgical from a “neutral” rating to a “buy” rating and boosted their price target for the company from $380.00 to $510.00 in a research note on Friday, August 2nd. Piper Sandler reissued an “overweight” rating and issued a $538.00 price target (up previously from $495.00) on shares of Intuitive Surgical in a research note on Friday, October 18th. Citigroup boosted their price target on Intuitive Surgical from $512.00 to $560.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, BTIG Research set a $535.00 price target on Intuitive Surgical in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $513.74.

Insider Activity

In other news, SVP Henry L. Charlton sold 40,243 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $486.84, for a total value of $19,591,902.12. Following the completion of the sale, the senior vice president now directly owns 3,001 shares of the company’s stock, valued at approximately $1,461,006.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Robert Desantis sold 188 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $482.21, for a total value of $90,655.48. Following the completion of the transaction, the executive vice president now directly owns 5,506 shares in the company, valued at approximately $2,655,048.26. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Henry L. Charlton sold 40,243 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $486.84, for a total value of $19,591,902.12. Following the completion of the transaction, the senior vice president now owns 3,001 shares of the company’s stock, valued at $1,461,006.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,246 shares of company stock valued at $33,839,308. 0.90% of the stock is owned by company 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.