Huntington National Bank Acquires 9,636 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Huntington National Bank lifted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 287,013 shares of the medical equipment provider’s stock after buying an additional 9,636 shares during the quarter. Intuitive Surgical comprises about 1.1% of Huntington National Bank’s portfolio, making the stock its 23rd largest holding. Huntington National Bank owned approximately 0.08% of Intuitive Surgical worth $149,809,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Intuitive Surgical during the fourth quarter valued at about $2,401,493,000. Proficio Capital Partners LLC raised its holdings in Intuitive Surgical by 89,098.8% in the 4th quarter. Proficio Capital Partners LLC now owns 949,967 shares of the medical equipment provider’s stock valued at $495,845,000 after buying an additional 948,902 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Intuitive Surgical during the 4th quarter worth approximately $313,769,000. Wilmington Savings Fund Society FSB increased its position in Intuitive Surgical by 15,322.2% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 555,661 shares of the medical equipment provider’s stock valued at $272,980,000 after acquiring an additional 552,058 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Intuitive Surgical by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 32,212,196 shares of the medical equipment provider’s stock valued at $16,813,478,000 after acquiring an additional 360,591 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ISRG shares. Citigroup increased their price objective on shares of Intuitive Surgical from $640.00 to $711.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. CICC Research started coverage on Intuitive Surgical in a research report on Monday, January 27th. They set a “neutral” rating and a $550.00 target price on the stock. Bernstein Bank lifted their target price on Intuitive Surgical from $655.00 to $700.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. UBS Group increased their price objective on shares of Intuitive Surgical from $500.00 to $560.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, Raymond James lifted their target price on Intuitive Surgical from $560.00 to $688.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Intuitive Surgical has a consensus rating of “Moderate Buy” and a consensus price target of $611.86.

Intuitive Surgical Price Performance

NASDAQ:ISRG opened at $496.36 on Wednesday. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00. The company has a market cap of $176.79 billion, a price-to-earnings ratio of 77.44, a PEG ratio of 5.85 and a beta of 1.43. The stock’s 50 day simple moving average is $552.17 and its two-hundred day simple moving average is $533.02.

Insider Transactions at Intuitive Surgical

In related news, EVP Robert Desantis sold 11,545 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $499.22, for a total value of $5,763,494.90. Following the completion of the sale, the executive vice president now directly owns 5,224 shares of the company’s stock, valued at $2,607,925.28. This represents a 68.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amal M. Johnson sold 4,635 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the transaction, the director now owns 12,275 shares of the company’s stock, valued at approximately $6,955,015. This trade represents a 27.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,754 shares of company stock worth $17,691,621. 0.70% of the stock is currently owned by insiders.

About Intuitive Surgical

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.