OLD National Bancorp IN Has $2.32 Million Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

OLD National Bancorp IN lifted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,450 shares of the medical equipment provider’s stock after purchasing an additional 74 shares during the quarter. OLD National Bancorp IN’s holdings in Intuitive Surgical were worth $2,323,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quarry LP raised its position in Intuitive Surgical by 134.7% in the 2nd quarter. Quarry LP now owns 115 shares of the medical equipment provider’s stock valued at $51,000 after buying an additional 66 shares during the last quarter. New Century Financial Group LLC purchased a new stake in Intuitive Surgical in the 2nd quarter valued at $251,000. Dana Investment Advisors Inc. raised its position in Intuitive Surgical by 5.0% in the 2nd quarter. Dana Investment Advisors Inc. now owns 1,904 shares of the medical equipment provider’s stock valued at $847,000 after buying an additional 90 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Intuitive Surgical during the 2nd quarter valued at $22,957,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Intuitive Surgical by 617.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 89,069 shares of the medical equipment provider’s stock valued at $39,622,000 after purchasing an additional 76,649 shares during the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ISRG has been the subject of several research analyst reports. Robert W. Baird raised their target price on Intuitive Surgical from $503.00 to $565.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Leerink Partners raised their target price on Intuitive Surgical from $490.00 to $548.00 in a research report on Monday. Erste Group Bank raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Stifel Nicolaus raised their target price on Intuitive Surgical from $525.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group set a $604.00 target price on Intuitive Surgical in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $613.10.

Insiders Place Their Bets

In other news, Director Amal M. Johnson sold 4,635 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jamie Samath sold 22,903 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $525.00, for a total value of $12,024,075.00. Following the transaction, the insider now directly owns 8,757 shares in the company, valued at $4,597,425. This trade represents a 72.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,843 shares of company stock valued at $15,357,560 in the last ninety days. Company insiders own 0.90% of the company’s stock.

Intuitive Surgical Trading Up 1.3 %

Shares of NASDAQ ISRG opened at $580.18 on Friday. The stock has a market cap of $206.65 billion, a price-to-earnings ratio of 93.28, a P/E/G ratio of 5.19 and a beta of 1.39. Intuitive Surgical, Inc. has a 1-year low of $364.17 and a 1-year high of $616.00. The stock’s 50-day moving average is $549.32 and its 200 day moving average is $507.50.

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.