Lake Street Advisors Group LLC Acquires 352 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Lake Street Advisors Group LLC boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 12.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,276 shares of the medical equipment provider’s stock after acquiring an additional 352 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Intuitive Surgical were worth $1,609,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ballentine Partners LLC raised its position in Intuitive Surgical by 11.5% during the third quarter. Ballentine Partners LLC now owns 3,847 shares of the medical equipment provider’s stock valued at $1,890,000 after acquiring an additional 396 shares in the last quarter. Heritage Oak Wealth Advisors LLC acquired a new position in Intuitive Surgical during the third quarter valued at approximately $276,000. Silver Oak Securities Incorporated grew its stake in shares of Intuitive Surgical by 545.3% in the third quarter. Silver Oak Securities Incorporated now owns 1,581 shares of the medical equipment provider’s stock worth $758,000 after acquiring an additional 1,336 shares during the last quarter. Schmidt P J Investment Management Inc. acquired a new stake in shares of Intuitive Surgical in the third quarter worth $211,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in shares of Intuitive Surgical in the third quarter worth $225,000. Institutional investors own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

ISRG has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Intuitive Surgical from $466.00 to $549.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. BTIG Research set a $535.00 price target on shares of Intuitive Surgical in a research note on Friday, October 18th. Royal Bank of Canada lifted their price target on shares of Intuitive Surgical from $525.00 to $555.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Leerink Partners lifted their price target on shares of Intuitive Surgical from $489.00 to $502.00 in a research note on Thursday, October 17th. Finally, Barclays lifted their price target on shares of Intuitive Surgical from $430.00 to $490.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Intuitive Surgical presently has an average rating of “Moderate Buy” and an average target price of $513.74.

Insiders Place Their Bets

In other Intuitive Surgical news, EVP Robert Desantis sold 188 shares of the business’s stock in a transaction dated 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Amal M. Johnson sold 2,943 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $443.30, for a total transaction of $1,304,631.90. Following the completion of the transaction, the director now directly owns 12,275 shares in the company, valued at approximately $5,441,507.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Desantis sold 188 shares of the business’s stock in a transaction dated 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 owns 5,506 shares of the company’s stock, valued at $2,655,048.26. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,192 shares of company stock valued at $25,398,571. 0.90% of the stock is currently owned by insiders.

Intuitive Surgical Trading Up 0.5 %

Shares of Intuitive Surgical stock traded up $2.33 during trading on Friday, reaching $513.96. The company’s stock had a trading volume of 221,554 shares, compared to its average volume of 1,465,801. The stock has a 50-day moving average price of $486.71 and a two-hundred day moving average price of $440.96. Intuitive Surgical, Inc. has a one year low of $254.85 and a one year high of $523.34. The stock has a market capitalization of $182.30 billion, a P/E ratio of 92.35, a price-to-earnings-growth ratio of 5.40 and a beta of 1.39.

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.