Huntington National Bank raised its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 308,063 shares of the medical equipment provider’s stock after buying an additional 1,577 shares during the period. Intuitive Surgical comprises about 1.0% of Huntington National Bank’s investment portfolio, making the stock its 22nd biggest holding. Huntington National Bank’s holdings in Intuitive Surgical were worth $174,475,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the stock. Riversedge Advisors LLC boosted its stake in shares of Intuitive Surgical by 1.9% during the 4th quarter. Riversedge Advisors LLC now owns 901 shares of the medical equipment provider’s stock worth $510,000 after acquiring an additional 17 shares in the last quarter. Fiduciary Financial Group LLC boosted its stake in shares of Intuitive Surgical by 2.1% during the 4th quarter. Fiduciary Financial Group LLC now owns 920 shares of the medical equipment provider’s stock worth $521,000 after acquiring an additional 19 shares in the last quarter. Prosperity Consulting Group LLC boosted its stake in shares of Intuitive Surgical by 0.5% during the 3rd quarter. Prosperity Consulting Group LLC now owns 4,033 shares of the medical equipment provider’s stock worth $1,804,000 after acquiring an additional 19 shares in the last quarter. Activest Wealth Management boosted its stake in shares of Intuitive Surgical by 21.7% during the 3rd quarter. Activest Wealth Management now owns 112 shares of the medical equipment provider’s stock worth $50,000 after acquiring an additional 20 shares in the last quarter. Finally, Sunburst Financial Group LLC boosted its stake in shares of Intuitive Surgical by 4.3% during the 4th quarter. Sunburst Financial Group LLC now owns 485 shares of the medical equipment provider’s stock worth $275,000 after acquiring an additional 20 shares in the last quarter. 83.64% of the stock is owned by institutional investors.
Intuitive Surgical Stock Down 4.1%
ISRG opened at $418.55 on Thursday. The stock has a fifty day moving average of $455.79 and a 200-day moving average of $507.97. The firm has a market capitalization of $148.23 billion, a P/E ratio of 50.73, a PEG ratio of 3.49 and a beta of 1.51. Intuitive Surgical, Inc. has a 12-month low of $414.30 and a 12-month high of $603.88.
Insider Buying and Selling
In other news, EVP Myriam Curet sold 105 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $493.95, for a total value of $51,864.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark Brosius sold 645 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $485.01, for a total value of $312,831.45. Following the completion of the sale, the senior vice president owned 1,613 shares of the company’s stock, valued at $782,321.13. The trade was a 28.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 5,701 shares of company stock valued at $2,783,807. 0.60% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
ISRG has been the subject of several research reports. Raymond James Financial reduced their price objective on Intuitive Surgical from $615.00 to $577.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. reduced their price objective on Intuitive Surgical from $625.00 to $550.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Barclays set a $651.00 price objective on Intuitive Surgical and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Wall Street Zen lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Argus reduced their price objective on Intuitive Surgical from $630.00 to $560.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Nineteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $576.71.
Read Our Latest Stock Analysis on ISRG
Intuitive Surgical Company Profile
Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.
In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.
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