M&T Bank Corp Has $36.22 Million Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

M&T Bank Corp increased its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,396 shares of the medical equipment provider’s stock after buying an additional 815 shares during the period. M&T Bank Corp’s holdings in Intuitive Surgical were worth $36,222,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new stake in Intuitive Surgical during the fourth quarter worth approximately $26,000. BankPlus Trust Department bought a new stake in shares of Intuitive Surgical during the 4th quarter worth $28,000. Kohmann Bosshard Financial Services LLC acquired a new position in Intuitive Surgical in the 4th quarter valued at $31,000. MidAtlantic Capital Management Inc. bought a new position in Intuitive Surgical in the 3rd quarter worth $33,000. Finally, Decker Retirement Planning Inc. acquired a new position in Intuitive Surgical during the 4th quarter worth $36,000. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Trading Down 1.6 %

Shares of Intuitive Surgical stock opened at $557.96 on Wednesday. The stock has a market capitalization of $198.73 billion, a price-to-earnings ratio of 87.05, a P/E/G ratio of 5.85 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 firm’s 50-day moving average price is $571.08 and its two-hundred day moving average price is $530.63.

Analyst Ratings Changes

A number of research firms have recently commented on ISRG. Morgan Stanley upgraded Intuitive Surgical from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $522.00 to $650.00 in a research note on Monday, December 2nd. Evercore ISI upped their price target on Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. Bernstein Bank increased their price objective on Intuitive Surgical from $655.00 to $700.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Erste Group Bank raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Leerink Partners raised their price target on shares of Intuitive Surgical from $490.00 to $548.00 in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Intuitive Surgical currently has an average rating of “Moderate Buy” and an average target price of $613.10.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, Director Amal M. Johnson sold 4,635 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $566.60, for a total value of $2,626,191.00. Following the transaction, the director now directly owns 12,275 shares in the company, valued at approximately $6,955,015. This trade represents a 27.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jamie Samath sold 270 shares of Intuitive Surgical stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $540.15, for a total value of $145,840.50. Following the completion of the sale, the chief financial officer now directly owns 8,757 shares of the company’s stock, valued at $4,730,093.55. This trade represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,598 shares of company stock worth $7,223,467. 0.90% of the stock is currently owned by insiders.

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.