487 Shares in Intuitive Surgical, Inc. (NASDAQ:ISRG) Purchased by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC purchased a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 487 shares of the medical equipment provider’s stock, valued at approximately $239,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. increased its stake in shares of Intuitive Surgical by 34.4% in the 1st quarter. NBC Securities Inc. now owns 121 shares of the medical equipment provider’s stock valued at $48,000 after acquiring an additional 31 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in Intuitive Surgical by 14.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 9,993 shares of the medical equipment provider’s stock worth $3,988,000 after buying an additional 1,255 shares during the period. Hoxton Planning & Management LLC bought a new position in Intuitive Surgical during the 1st quarter worth $203,000. Elevated Capital Advisors LLC increased its position in shares of Intuitive Surgical by 2.8% in the first quarter. Elevated Capital Advisors LLC now owns 1,556 shares of the medical equipment provider’s stock worth $621,000 after purchasing an additional 42 shares during the period. Finally, Brookstone Capital Management grew its position in Intuitive Surgical by 17.2% in the first quarter. Brookstone Capital Management now owns 10,241 shares of the medical equipment provider’s stock valued at $4,087,000 after acquiring an additional 1,505 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insider Buying and Selling at Intuitive Surgical

In related news, EVP Robert Desantis sold 376 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $446.60, for a total value of $167,921.60. Following the transaction, the executive vice president now owns 5,506 shares of the company’s stock, valued at $2,458,979.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Brian Edward Miller sold 2,553 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $515.00, for a total transaction of $1,314,795.00. Following the sale, the executive vice president now owns 7,066 shares of the company’s stock, valued at $3,638,990. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Desantis sold 376 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $446.60, for a total value of $167,921.60. Following the transaction, the executive vice president now owns 5,506 shares in the company, valued at $2,458,979.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,455 shares of company stock valued at $24,911,155 over the last quarter. 0.90% of the stock is owned by company insiders.

Intuitive Surgical Price Performance

Shares of Intuitive Surgical stock opened at $517.50 on Wednesday. The stock has a market cap of $183.56 billion, a P/E ratio of 93.41, a P/E/G ratio of 5.40 and a beta of 1.39. The stock’s 50 day simple moving average is $485.88 and its 200-day simple moving average is $440.46. Intuitive Surgical, Inc. has a 1-year low of $254.85 and a 1-year high of $523.34.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Royal Bank of Canada lifted their price target on Intuitive Surgical from $525.00 to $555.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. BTIG Research set a $535.00 price target on Intuitive Surgical in a research note on Friday, October 18th. Morgan Stanley lifted their price target on Intuitive Surgical from $375.00 to $460.00 and gave the company an “equal weight” rating in a research note on Monday, July 15th. Mizuho lifted their price target on Intuitive Surgical from $440.00 to $500.00 in a research note on Thursday, October 17th. Finally, Leerink Partners lifted their price target on Intuitive Surgical from $489.00 to $502.00 in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $513.74.

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.