Park Place Capital Corp Raises Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Park Place Capital Corp boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 14.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,212 shares of the medical equipment provider’s stock after purchasing an additional 274 shares during the quarter. Park Place Capital Corp’s holdings in Intuitive Surgical were worth $1,155,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Global Trust Asset Management LLC increased its stake in Intuitive Surgical by 40.8% in the 4th quarter. Global Trust Asset Management LLC now owns 1,149 shares of the medical equipment provider’s stock worth $600,000 after buying an additional 333 shares in the last quarter. Advisory Alpha LLC lifted its holdings in shares of Intuitive Surgical by 25.7% in the 4th quarter. Advisory Alpha LLC now owns 2,147 shares of the medical equipment provider’s stock valued at $1,121,000 after acquiring an additional 439 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Intuitive Surgical by 2.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 115,225 shares of the medical equipment provider’s stock valued at $60,143,000 after acquiring an additional 3,292 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in Intuitive Surgical by 8.1% in the fourth quarter. Simon Quick Advisors LLC now owns 2,132 shares of the medical equipment provider’s stock worth $1,113,000 after purchasing an additional 160 shares during the last quarter. Finally, Beaumont Financial Advisors LLC lifted its stake in Intuitive Surgical by 26.0% in the fourth quarter. Beaumont Financial Advisors LLC now owns 678 shares of the medical equipment provider’s stock worth $354,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Performance

ISRG opened at $609.02 on Wednesday. Intuitive Surgical, Inc. has a fifty-two week low of $362.14 and a fifty-two week high of $606.50. The company has a fifty day moving average of $543.14 and a two-hundred day moving average of $501.89. The stock has a market capitalization of $216.92 billion, a price-to-earnings ratio of 97.70, a PEG ratio of 5.04 and a beta of 1.39.

Analysts Set New Price Targets

A number of brokerages have recently commented on ISRG. Leerink Partners raised their target price on shares of Intuitive Surgical from $489.00 to $502.00 in a research report on Thursday, October 17th. Piper Sandler reissued an “overweight” rating and set a $538.00 price objective (up from $495.00) on shares of Intuitive Surgical in a report on Friday, October 18th. Morgan Stanley upgraded shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $522.00 to $650.00 in a research note on Monday, December 2nd. BTIG Research raised their target price on shares of Intuitive Surgical from $535.00 to $561.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group set a $604.00 price objective on shares of Intuitive Surgical in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $554.17.

Insider Buying and Selling at Intuitive Surgical

In other news, insider Jamie Samath sold 269 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $539.89, for a total transaction of $145,230.41. Following the completion of the sale, the insider now owns 8,757 shares of the company’s stock, valued at $4,727,816.73. The trade was a 2.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Desantis sold 1,012 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $514.00, for a total transaction of $520,168.00. Following the sale, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,830,084. This represents a 15.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,509 shares of company stock valued at $22,602,212. Corporate insiders own 0.80% of the company’s stock.

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.