Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Purchased by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. grew its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,598 shares of the medical equipment provider’s stock after buying an additional 66 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Intuitive Surgical were worth $834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ISRG. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Intuitive Surgical by 175.2% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 8,043 shares of the medical equipment provider’s stock worth $4,198,000 after purchasing an additional 5,120 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Intuitive Surgical by 5.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,523,863 shares of the medical equipment provider’s stock worth $795,396,000 after buying an additional 73,225 shares during the last quarter. Telligent Fund LP purchased a new stake in shares of Intuitive Surgical during the 4th quarter valued at approximately $1,566,000. Strategic Financial Concepts LLC lifted its holdings in Intuitive Surgical by 50,740.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 312,671 shares of the medical equipment provider’s stock valued at $163,202,000 after acquiring an additional 312,056 shares during the last quarter. Finally, Silver Oak Securities Incorporated increased its stake in Intuitive Surgical by 12.8% during the fourth quarter. Silver Oak Securities Incorporated now owns 1,784 shares of the medical equipment provider’s stock worth $940,000 after acquiring an additional 203 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ISRG has been the topic of several recent analyst reports. Bernstein Bank upped their price target on Intuitive Surgical from $655.00 to $700.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. increased their target price on shares of Intuitive Surgical from $575.00 to $675.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Robert W. Baird boosted their price target on shares of Intuitive Surgical from $503.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Piper Sandler reaffirmed an “overweight” rating and set a $670.00 price objective (up previously from $538.00) on shares of Intuitive Surgical in a research report on Friday, January 24th. Finally, Oppenheimer reissued a “market perform” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Intuitive Surgical currently has an average rating of “Moderate Buy” and an average price target of $613.10.

Insider Transactions at Intuitive Surgical

In related news, insider Jamie Samath sold 269 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $539.89, for a total value of $145,230.41. Following the transaction, the insider now directly owns 8,757 shares of the company’s stock, valued at $4,727,816.73. This trade represents a 2.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amal M. Johnson sold 4,635 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the completion of the sale, the director now directly owns 12,275 shares of the company’s stock, valued at approximately $6,955,015. This trade represents a 27.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,940 shares of company stock valued at $3,333,485. 0.80% of the stock is currently owned by corporate insiders.

Intuitive Surgical Trading Down 0.4 %

Shares of ISRG stock opened at $588.50 on Friday. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00. The company has a market cap of $209.61 billion, a P/E ratio of 91.81, a PEG ratio of 5.51 and a beta of 1.39. The firm has a fifty day moving average price of $553.03 and a 200 day moving average price of $512.59.

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.