Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp raised its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 6.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,311 shares of the medical equipment provider's stock after buying an additional 9,703 shares during the period. Fifth Third Bancorp's holdings in Intuitive Surgical were worth $67,171,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Intuitive Surgical by 0.7% during the third quarter. Vanguard Group Inc. now owns 29,868,227 shares of the medical equipment provider's stock valued at $8,730,184,000 after buying an additional 196,316 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Intuitive Surgical by 1.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,973,266 shares of the medical equipment provider's stock valued at $5,726,102,000 after buying an additional 272,741 shares in the last quarter. Edgewood Management LLC lifted its position in Intuitive Surgical by 7.9% during the fourth quarter. Edgewood Management LLC now owns 5,131,066 shares of the medical equipment provider's stock valued at $1,731,016,000 after buying an additional 374,667 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Intuitive Surgical by 6.4% during the third quarter. Jennison Associates LLC now owns 4,585,190 shares of the medical equipment provider's stock worth $1,340,205,000 after purchasing an additional 274,692 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Intuitive Surgical by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 4,494,373 shares of the medical equipment provider's stock worth $1,516,222,000 after purchasing an additional 88,977 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ISRG shares. Citigroup boosted their target price on shares of Intuitive Surgical from $428.00 to $462.00 and gave the stock a "buy" rating in a research report on Wednesday, April 3rd. Raymond James boosted their target price on shares of Intuitive Surgical from $372.00 to $435.00 and gave the stock an "outperform" rating in a research report on Thursday, January 25th. Piper Sandler boosted their target price on shares of Intuitive Surgical from $425.00 to $435.00 and gave the stock an "overweight" rating in a research report on Friday, April 19th. StockNews.com cut shares of Intuitive Surgical from a "buy" rating to a "hold" rating in a research report on Thursday, February 29th. Finally, Wells Fargo & Company boosted their target price on shares of Intuitive Surgical from $363.00 to $416.00 and gave the stock an "overweight" rating in a research report on Friday, January 19th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $396.17.

Intuitive Surgical Stock Up 1.6 %

ISRG stock traded up $5.95 during trading on Thursday, hitting $377.65. 1,208,583 shares of the company's stock traded hands, compared to its average volume of 1,631,635. Intuitive Surgical, Inc. has a 52 week low of $254.85 and a 52 week high of $403.76. The stock has a fifty day moving average price of $385.56 and a two-hundred day moving average price of $348.56. The stock has a market capitalization of $133.96 billion, a price-to-earnings ratio of 68.17, a price-to-earnings-growth ratio of 4.79 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last released its earnings results on Thursday, April 18th. The medical equipment provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.10. Intuitive Surgical had a net margin of 27.16% and a return on equity of 12.91%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, equities research analysts expect that Intuitive Surgical, Inc. will post 4.8 EPS for the current fiscal year.

Insider Buying and Selling at Intuitive Surgical

In other news, EVP Robert Desantis sold 376 shares of the company's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $375.39, for a total transaction of $141,146.64. Following the completion of the transaction, the executive vice president now owns 5,507 shares in the company, valued at $2,067,272.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Alan J. Levy sold 2,000 shares of the company's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $370.70, for a total transaction of $741,400.00. Following the completion of the transaction, the director now owns 25,319 shares in the company, valued at $9,385,753.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Desantis sold 376 shares of the company's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $375.39, for a total transaction of $141,146.64. Following the transaction, the executive vice president now owns 5,507 shares of the company's stock, valued at approximately $2,067,272.73. The disclosure for this sale can be found here. Insiders sold a total of 226,928 shares of company stock worth $87,833,828 over the last 90 days. Insiders own 0.90% 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.

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