AustralianSuper Pty Ltd Has $6.33 Million Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

AustralianSuper Pty Ltd grew its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 9.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,886 shares of the medical equipment provider’s stock after purchasing an additional 1,140 shares during the period. AustralianSuper Pty Ltd’s holdings in Intuitive Surgical were worth $6,331,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Creekmur Asset Management LLC lifted its position in Intuitive Surgical by 200.0% in the 1st quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider’s stock worth $25,000 after buying an additional 42 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in shares of Intuitive Surgical during the second quarter worth $26,000. Delos Wealth Advisors LLC boosted its position in Intuitive Surgical by 380.0% during the first quarter. Delos Wealth Advisors LLC now owns 72 shares of the medical equipment provider’s stock valued at $29,000 after purchasing an additional 57 shares during the last quarter. Godsey & Gibb Inc. grew its stake in Intuitive Surgical by 140.0% in the third quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock valued at $29,000 after purchasing an additional 35 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in Intuitive Surgical in the 1st quarter worth about $30,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Robert Desantis sold 240 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $464.76, for a total value of $111,542.40. Following the completion of the sale, the executive vice president now owns 5,506 shares in the company, valued at approximately $2,558,968.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intuitive Surgical news, SVP Henry L. Charlton sold 40,243 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $486.84, for a total value of $19,591,902.12. Following the sale, the senior vice president now owns 3,001 shares of the company’s stock, valued at $1,461,006.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Robert Desantis sold 240 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $464.76, for a total transaction of $111,542.40. Following the completion of the transaction, the executive vice president now owns 5,506 shares of the company’s stock, valued at approximately $2,558,968.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,246 shares of company stock worth $33,839,308 in the last ninety days. Insiders own 0.90% of the company’s stock.

Intuitive Surgical Trading Down 1.9 %

Shares of ISRG stock opened at $503.84 on Friday. The firm has a market capitalization of $179.46 billion, a P/E ratio of 81.00, a price-to-earnings-growth ratio of 5.05 and a beta of 1.39. Intuitive Surgical, Inc. has a 1 year low of $260.17 and a 1 year high of $523.34. The firm’s fifty day simple moving average is $490.01 and its 200 day simple moving average is $445.70.

Wall Street Analysts Forecast Growth

ISRG has been the subject of several research reports. Mizuho lifted their price target on Intuitive Surgical from $440.00 to $500.00 in a report on Thursday, October 17th. Stifel Nicolaus lifted their target price on shares of Intuitive Surgical from $475.00 to $525.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Robert W. Baird increased their price target on shares of Intuitive Surgical from $503.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Royal Bank of Canada lifted their price objective on shares of Intuitive Surgical from $525.00 to $555.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Finally, BTIG Research set a $535.00 target price on shares of Intuitive Surgical in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.