Linden Thomas Advisory Services LLC Has $5.33 Million Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Linden Thomas Advisory Services LLC raised its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,217 shares of the medical equipment provider’s stock after buying an additional 562 shares during the quarter. Intuitive Surgical comprises 0.7% of Linden Thomas Advisory Services LLC’s investment portfolio, making the stock its 16th largest holding. Linden Thomas Advisory Services LLC’s holdings in Intuitive Surgical were worth $5,333,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Berbice Capital Management LLC bought a new position in Intuitive Surgical during the fourth quarter valued at about $26,000. Godsey & Gibb Inc. increased its position in shares of Intuitive Surgical by 140.0% during 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 during the period. MidAtlantic Capital Management Inc. acquired a new position in shares of Intuitive Surgical in the third quarter valued at $33,000. Decker Retirement Planning Inc. bought a new position in Intuitive Surgical in the fourth quarter worth $36,000. Finally, Capital Performance Advisors LLP acquired a new stake in Intuitive Surgical during the third quarter worth $38,000. 83.64% of the stock is owned by institutional investors.

Insider Activity

In other Intuitive Surgical news, CEO Gary S. Guthart sold 18,151 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $511.63, for a total transaction of $9,286,596.13. Following the transaction, the chief executive officer now directly owns 24,219 shares in the company, valued at approximately $12,391,166.97. This represents a 42.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robert Desantis sold 188 shares of Intuitive Surgical stock in a transaction that occurred 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 represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,475 shares of company stock valued at $22,070,807 over the last three months. 0.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ISRG. The Goldman Sachs Group set a $604.00 price objective on shares of Intuitive Surgical in a research note on Friday, October 18th. Oppenheimer reissued a “market perform” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Mizuho lifted their price objective on Intuitive Surgical from $440.00 to $500.00 in a report on Thursday, October 17th. Royal Bank of Canada increased their target price on Intuitive Surgical from $525.00 to $555.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, Truist Financial boosted their price target on Intuitive Surgical from $640.00 to $666.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $583.83.

Intuitive Surgical Trading Down 4.0 %

ISRG opened at $584.05 on Friday. Intuitive Surgical, Inc. has a 1-year low of $364.17 and a 1-year high of $616.00. The stock has a market capitalization of $208.03 billion, a PE ratio of 93.90, a PEG ratio of 5.19 and a beta of 1.39. The firm has a 50-day moving average price of $547.16 and a two-hundred day moving average price of $504.35.

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.