King Luther Capital Management Corp Has $3.08 Million Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

King Luther Capital Management Corp boosted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,907 shares of the medical equipment provider’s stock after buying an additional 242 shares during the quarter. King Luther Capital Management Corp’s holdings in Intuitive Surgical were worth $3,083,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Howard Capital Management Group LLC lifted its stake in shares of Intuitive Surgical by 4.5% during the 3rd quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider’s stock valued at $1,044,000 after buying an additional 92 shares in the last quarter. Principal Financial Group Inc. grew its position in Intuitive Surgical by 1.5% during the third quarter. Principal Financial Group Inc. now owns 602,393 shares of the medical equipment provider’s stock valued at $295,938,000 after acquiring an additional 9,194 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in Intuitive Surgical by 13.7% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 786 shares of the medical equipment provider’s stock worth $386,000 after purchasing an additional 95 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of Intuitive Surgical by 2.2% during the third quarter. Apollon Wealth Management LLC now owns 10,536 shares of the medical equipment provider’s stock valued at $5,176,000 after purchasing an additional 228 shares during the period. Finally, Harbour Investments Inc. raised its stake in shares of Intuitive Surgical by 2.6% during the third quarter. Harbour Investments Inc. now owns 1,512 shares of the medical equipment provider’s stock valued at $743,000 after acquiring an additional 39 shares during the last quarter. 83.64% of the stock is owned by institutional investors.

Intuitive Surgical Trading Up 0.7 %

Shares of NASDAQ ISRG opened at $497.30 on Thursday. The stock has a market capitalization of $177.13 billion, a price-to-earnings ratio of 77.58, a P/E/G ratio of 5.85 and a beta of 1.43. Intuitive Surgical, Inc. has a 12-month low of $364.17 and a 12-month high of $616.00. The firm’s 50-day moving average price is $569.42 and its 200-day moving average price is $531.60.

Analyst Upgrades and Downgrades

Several research analysts have commented on ISRG shares. Stifel Nicolaus upped their price objective on shares of Intuitive Surgical from $525.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Evercore ISI raised their price target on Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. Bernstein Bank increased their target price on Intuitive Surgical from $655.00 to $700.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. BTIG Research increased their price objective on shares of Intuitive Surgical from $535.00 to $561.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company raised their target price on Intuitive Surgical from $630.00 to $687.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $613.10.

Insider Transactions at Intuitive Surgical

In other Intuitive Surgical news, EVP Brian Edward Miller sold 8,900 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $485.07, for a total transaction of $4,317,123.00. Following the transaction, the executive vice president now directly owns 5,758 shares in the company, valued at $2,793,033.06. This represents a 60.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amal M. Johnson sold 4,635 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the sale, the director now directly owns 12,275 shares of the company’s stock, valued at approximately $6,955,015. The trade was a 27.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,209 shares of company stock worth $11,928,127. 0.90% of the stock is currently owned by insiders.

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.