LexAurum Advisors LLC Increases Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

LexAurum Advisors LLC grew its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 925 shares of the medical equipment provider’s stock after acquiring an additional 98 shares during the period. LexAurum Advisors LLC’s holdings in Intuitive Surgical were worth $483,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ISRG. AQR Capital Management LLC lifted its position in shares of Intuitive Surgical by 12.6% in the second quarter. AQR Capital Management LLC now owns 42,691 shares of the medical equipment provider’s stock worth $18,958,000 after buying an additional 4,775 shares in the last quarter. APG Asset Management N.V. lifted its position in shares of Intuitive Surgical by 3.4% in the second quarter. APG Asset Management N.V. now owns 234,279 shares of the medical equipment provider’s stock worth $97,242,000 after buying an additional 7,648 shares in the last quarter. Daymark Wealth Partners LLC lifted its position in shares of Intuitive Surgical by 3.6% in the second quarter. Daymark Wealth Partners LLC now owns 7,003 shares of the medical equipment provider’s stock worth $3,115,000 after buying an additional 246 shares in the last quarter. MBB Public Markets I LLC raised its position in Intuitive Surgical by 1,739.6% during the second quarter. MBB Public Markets I LLC now owns 25,129 shares of the medical equipment provider’s stock valued at $11,179,000 after purchasing an additional 23,763 shares during the period. Finally, Mark Asset Management LP raised its position in Intuitive Surgical by 0.3% during the second quarter. Mark Asset Management LP now owns 29,067 shares of the medical equipment provider’s stock valued at $12,930,000 after purchasing an additional 77 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Intuitive Surgical Stock Down 4.0 %

Shares of NASDAQ:ISRG opened at $584.05 on Friday. Intuitive Surgical, Inc. has a 52-week low of $364.17 and a 52-week high of $616.00. The stock has a market cap of $208.03 billion, a P/E ratio of 93.90, a price-to-earnings-growth ratio of 5.19 and a beta of 1.39. The business’s 50 day moving average is $546.03 and its 200 day moving average is $503.38.

Wall Street Analysts Forecast Growth

ISRG has been the topic of a number of recent research reports. Truist Financial upped their price objective on Intuitive Surgical from $640.00 to $666.00 and gave the company a “buy” rating in a research report on Friday. Evercore ISI restated a “cautious” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Erste Group Bank upgraded Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Leerink Partners upped their price objective on Intuitive Surgical from $489.00 to $502.00 in a research report on Thursday, October 17th. Finally, Wells Fargo & Company upped their price objective on Intuitive Surgical from $630.00 to $687.00 and gave the company an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $583.83.

Insider Buying and Selling

In other Intuitive Surgical news, EVP Robert Desantis sold 188 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $506.52, for a total transaction of $95,225.76. Following the sale, the executive vice president now owns 5,506 shares of the company’s stock, valued at approximately $2,788,899.12. This trade represents a 3.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary S. Guthart sold 18,151 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $511.63, for a total value of $9,286,596.13. Following the sale, the chief executive officer now directly owns 24,219 shares in the company, valued at $12,391,166.97. This trade represents a 42.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,475 shares of company stock valued at $22,070,807 over the last quarter. 0.90% of the stock is owned by corporate insiders.

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.