Meeder Advisory Services Inc. Has $4.05 Million Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Meeder Advisory Services Inc. boosted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,750 shares of the medical equipment provider’s stock after buying an additional 364 shares during the period. Meeder Advisory Services Inc.’s holdings in Intuitive Surgical were worth $4,045,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Atala Financial Inc purchased a new stake in shares of Intuitive Surgical in the 4th quarter valued at approximately $25,000. Berbice Capital Management LLC purchased a new stake in shares of Intuitive Surgical in the fourth quarter valued at $26,000. BankPlus Trust Department acquired a new stake in shares of Intuitive Surgical in the fourth quarter worth $28,000. Summit Securities Group LLC purchased a new position in shares of Intuitive Surgical during the fourth quarter valued at $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Intuitive Surgical in the 4th quarter worth about $31,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Intuitive Surgical Trading Up 0.2 %

NASDAQ:ISRG opened at $496.36 on Wednesday. The firm has a market capitalization of $176.79 billion, a PE ratio of 77.44, a PEG ratio of 5.85 and a beta of 1.43. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00. The firm’s fifty day simple moving average is $552.17 and its 200 day simple moving average is $533.02.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ISRG shares. Bernstein Bank upped their target price on Intuitive Surgical from $655.00 to $700.00 and gave the company an “overweight” rating in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price objective on shares of Intuitive Surgical from $575.00 to $675.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Evercore ISI lifted their target price on shares of Intuitive Surgical from $490.00 to $530.00 in a research note on Monday, January 27th. Wells Fargo & Company upped their price target on shares of Intuitive Surgical from $630.00 to $687.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, CICC Research initiated coverage on Intuitive Surgical in a research report on Monday, January 27th. They set a “neutral” rating and a $550.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and an average price target of $611.86.

Insider Buying and Selling at Intuitive Surgical

In other news, EVP Robert Desantis sold 11,545 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $499.22, for a total value of $5,763,494.90. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brian Edward Miller sold 8,900 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was 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 trade represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,754 shares of company stock worth $17,691,621 over the last ninety days. Company insiders own 0.70% of the company’s stock.

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.