State of Alaska Department of Revenue Raises Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

State of Alaska Department of Revenue boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 5.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,749 shares of the medical equipment provider’s stock after purchasing an additional 2,015 shares during the quarter. State of Alaska Department of Revenue’s holdings in Intuitive Surgical were worth $20,509,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ISRG. Financial Management Professionals Inc. boosted its position in shares of Intuitive Surgical by 12.8% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,819 shares of the medical equipment provider’s stock worth $894,000 after purchasing an additional 206 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Intuitive Surgical by 31.9% in the third quarter. Capital Advisors Ltd. LLC now owns 124 shares of the medical equipment provider’s stock worth $61,000 after acquiring an additional 30 shares in the last quarter. Manchester Financial Inc. purchased a new stake in shares of Intuitive Surgical in the third quarter worth $209,000. Kavar Capital Partners Group LLC purchased a new stake in shares of Intuitive Surgical in the third quarter worth $214,000. Finally, Frank Rimerman Advisors LLC increased its holdings in shares of Intuitive Surgical by 17.1% during the third quarter. Frank Rimerman Advisors LLC now owns 10,830 shares of the medical equipment provider’s stock valued at $5,320,000 after acquiring an additional 1,580 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ISRG. The Goldman Sachs Group set a $604.00 price objective on shares of Intuitive Surgical in a research report on Friday, October 18th. Truist Financial raised their price target on shares of Intuitive Surgical from $520.00 to $570.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Stifel Nicolaus increased their target price on Intuitive Surgical from $475.00 to $525.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Company lifted their target price on Intuitive Surgical from $466.00 to $549.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Redburn Atlantic raised Intuitive Surgical from a “neutral” rating to a “buy” rating and upped their price target for the company from $380.00 to $510.00 in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $513.74.

Intuitive Surgical Trading Down 0.1 %

ISRG opened at $511.27 on Friday. Intuitive Surgical, Inc. has a 12-month low of $254.85 and a 12-month high of $523.34. The company has a market cap of $182.10 billion, a price-to-earnings ratio of 82.20, a PEG ratio of 5.11 and a beta of 1.39. The company’s 50 day moving average is $487.98 and its 200 day moving average is $442.67.

Insider Activity

In related news, EVP Robert Desantis sold 188 shares of the firm’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 transaction, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,655,048.26. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Intuitive Surgical news, insider Mark Brosius sold 2,115 shares of Intuitive Surgical stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $491.91, for a total transaction of $1,040,389.65. Following the transaction, the insider now owns 295 shares of the company’s stock, valued at $145,113.45. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Desantis sold 188 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $482.21, for a total transaction of $90,655.48. Following the completion of the sale, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,655,048.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,192 shares of company stock valued at $25,398,571 in the last 90 days. Company insiders own 0.90% of the company’s stock.

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.