Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Purchased by Commerce Bank

Commerce Bank grew its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,610 shares of the medical equipment provider’s stock after buying an additional 199 shares during the quarter. Commerce Bank’s holdings in Intuitive Surgical were worth $8,148,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Howard Capital Management Group LLC raised its position in Intuitive Surgical by 4.5% in the third quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider’s stock valued at $1,044,000 after purchasing an additional 92 shares during the period. Principal Financial Group Inc. lifted its position in Intuitive Surgical by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 602,393 shares of the medical equipment provider’s stock worth $295,938,000 after acquiring an additional 9,194 shares in the last quarter. M&T Bank Corp grew its position in Intuitive Surgical by 0.3% in the third quarter. M&T Bank Corp now owns 68,581 shares of the medical equipment provider’s stock valued at $33,691,000 after acquiring an additional 226 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Intuitive Surgical during the third quarter worth $228,000. Finally, Arvest Bank Trust Division acquired a new stake in Intuitive Surgical during the 3rd quarter valued at $260,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insider Buying and Selling

In other news, CFO Jamie Samath sold 269 shares of Intuitive Surgical stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $590.00, for a total value of $158,710.00. Following the transaction, the chief financial officer now owns 3,282 shares of the company’s stock, valued at $1,936,380. The trade was a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Robert Desantis sold 11,545 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $499.22, for a total transaction of $5,763,494.90. Following the sale, the executive vice president now directly owns 5,224 shares of the company’s stock, valued at approximately $2,607,925.28. This represents a 68.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,754 shares of company stock valued at $17,691,621 over the last three months. Company insiders own 0.70% of the company’s stock.

Intuitive Surgical Price Performance

Shares of NASDAQ:ISRG opened at $482.74 on Friday. Intuitive Surgical, Inc. has a 12 month low of $364.31 and a 12 month high of $616.00. The stock has a market cap of $171.94 billion, a price-to-earnings ratio of 75.31, a PEG ratio of 5.85 and a beta of 1.55. The stock’s 50 day moving average price is $522.23 and its 200 day moving average price is $532.34.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Jefferies Financial Group raised their target price on Intuitive Surgical from $475.00 to $575.00 in a research note on Monday, January 27th. Wells Fargo & Company increased their target price on Intuitive Surgical from $630.00 to $687.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Erste Group Bank lowered shares of Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Raymond James increased their price objective on shares of Intuitive Surgical from $560.00 to $688.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Citigroup lifted their price target on Intuitive Surgical from $640.00 to $711.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $611.81.

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.