Harbor Advisors LLC Takes $261,000 Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Harbor Advisors LLC acquired a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 500 shares of the medical equipment provider’s stock, valued at approximately $261,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. lifted its stake in Intuitive Surgical by 294.7% in the fourth quarter. Fox Run Management L.L.C. now owns 1,918 shares of the medical equipment provider’s stock worth $1,001,000 after acquiring an additional 1,432 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Intuitive Surgical in the fourth quarter worth approximately $62,407,000. Hillsdale Investment Management Inc. lifted its stake in Intuitive Surgical by 40.1% in the fourth quarter. Hillsdale Investment Management Inc. now owns 699 shares of the medical equipment provider’s stock worth $365,000 after acquiring an additional 200 shares during the last quarter. Plancorp LLC purchased a new position in Intuitive Surgical in the fourth quarter worth approximately $224,000. Finally, Mizuho Securities USA LLC lifted its stake in Intuitive Surgical by 46.8% in the fourth quarter. Mizuho Securities USA LLC now owns 33,758 shares of the medical equipment provider’s stock worth $17,620,000 after acquiring an additional 10,757 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Insider Activity at Intuitive Surgical

In related news, VP Fredrik Widman sold 810 shares of Intuitive Surgical stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $573.78, for a total value of $464,761.80. Following the transaction, the vice president now directly owns 473 shares in the company, valued at $271,397.94. This trade represents a 63.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mark Brosius sold 492 shares of Intuitive Surgical stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $573.78, for a total transaction of $282,299.76. Following the completion of the transaction, the senior vice president now owns 4,056 shares in the company, valued at approximately $2,327,251.68. This trade represents a 10.82 % 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 worth $17,691,621 in the last three months. Insiders own 0.90% of the company’s stock.

Intuitive Surgical Price Performance

Shares of Intuitive Surgical stock opened at $492.49 on Friday. The firm’s fifty day simple moving average is $562.24 and its 200-day simple moving average is $531.67. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00. The stock has a market capitalization of $175.41 billion, a price-to-earnings ratio of 76.83, a PEG ratio of 5.85 and a beta of 1.43.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ISRG. Citigroup lifted their price target on shares of Intuitive Surgical from $640.00 to $711.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. UBS Group raised their price objective on shares of Intuitive Surgical from $500.00 to $560.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Bernstein Bank raised their price objective on shares of Intuitive Surgical from $655.00 to $700.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Wells Fargo & Company raised their price objective on shares of Intuitive Surgical from $630.00 to $687.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, Royal Bank of Canada raised their price objective on shares of Intuitive Surgical from $611.00 to $641.00 in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $611.86.

Intuitive Surgical Company 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.