State of Alaska Department of Revenue grew its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 526.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,305 shares of the medical equipment provider’s stock after acquiring an additional 17,904 shares during the period. State of Alaska Department of Revenue’s holdings in Intuitive Surgical were worth $7,773,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Stifel Financial Corp lifted its position in shares of Intuitive Surgical by 11.2% during the second quarter. Stifel Financial Corp now owns 8,356 shares of the medical equipment provider’s stock worth $7,837,000 after acquiring an additional 841 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Intuitive Surgical by 61.4% during the third quarter. First Trust Advisors LP now owns 51,130 shares of the medical equipment provider’s stock worth $53,476,000 after acquiring an additional 19,458 shares in the last quarter. Davis R M Inc. purchased a new stake in shares of Intuitive Surgical during the third quarter worth $219,000. Point72 Asset Management L.P. purchased a new stake in shares of Intuitive Surgical during the third quarter worth $24,264,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Intuitive Surgical by 122.0% during the second quarter. Tower Research Capital LLC TRC now owns 819 shares of the medical equipment provider’s stock worth $766,000 after acquiring an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 32.82% of the company’s stock.
Several research firms have issued reports on ISRG. Leerink Swann restated an “outperform” rating and set a $475.00 target price (up previously from $390.00) on shares of Intuitive Surgical in a research report on Thursday. BidaskClub upgraded Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. Barclays restated an “overweight” rating and set a $465.00 target price on shares of Intuitive Surgical in a research report on Thursday, January 11th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Intuitive Surgical in a report on Saturday, November 18th. Finally, Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $436.00 price target on the stock in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Intuitive Surgical has an average rating of “Buy” and a consensus price target of $368.71.
In related news, SVP Curet Myriam sold 262 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $373.00, for a total value of $97,726.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark J. Rubash sold 6,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $395.95, for a total value of $2,375,700.00. Following the completion of the transaction, the director now directly owns 5,453 shares in the company, valued at approximately $2,159,115.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,944 shares of company stock worth $21,432,971. Insiders own 2.20% of the company’s stock.
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About Intuitive Surgical
Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.
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