AE Wealth Management LLC increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 16.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,531 shares of the medical equipment provider’s stock after purchasing an additional 221 shares during the quarter. AE Wealth Management LLC’s holdings in Intuitive Surgical were worth $905,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Keudell Morrison Wealth Management acquired a new stake in Intuitive Surgical in the 2nd quarter worth approximately $1,318,000. Pictet Asset Management Ltd. boosted its stake in Intuitive Surgical by 15.6% in the 2nd quarter. Pictet Asset Management Ltd. now owns 566,160 shares of the medical equipment provider’s stock worth $296,979,000 after purchasing an additional 76,599 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in Intuitive Surgical by 733.3% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 75 shares of the medical equipment provider’s stock worth $39,000 after purchasing an additional 66 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Intuitive Surgical in the 2nd quarter worth approximately $351,000. Finally, CSat Investment Advisory L.P. boosted its stake in Intuitive Surgical by 2,800.0% in the 2nd quarter. CSat Investment Advisory L.P. now owns 261 shares of the medical equipment provider’s stock worth $137,000 after purchasing an additional 252 shares in the last quarter. 85.95% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ ISRG opened at $600.03 on Tuesday. Intuitive Surgical, Inc. has a 12 month low of $455.15 and a 12 month high of $616.56. The company has a 50 day simple moving average of $591.01 and a two-hundred day simple moving average of $546.85. The stock has a market cap of $69.35 billion, a price-to-earnings ratio of 54.50, a PEG ratio of 4.48 and a beta of 1.12.
Several analysts have commented on ISRG shares. Royal Bank of Canada set a $570.00 price objective on shares of Intuitive Surgical and gave the company a “hold” rating in a research note on Friday, October 18th. Canaccord Genuity restated a “buy” rating and set a $655.00 price objective on shares of Intuitive Surgical in a research note on Friday, January 10th. UBS Group lifted their price objective on shares of Intuitive Surgical from $590.00 to $620.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Oppenheimer started coverage on shares of Intuitive Surgical in a research note on Wednesday, November 20th. They set a “market perform” rating for the company. Finally, Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $601.00 price objective for the company in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. Intuitive Surgical presently has an average rating of “Buy” and a consensus price target of $605.31.
In other news, Director Lonnie M. Smith sold 205 shares of Intuitive Surgical stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $554.49, for a total transaction of $113,670.45. Following the completion of the transaction, the director now directly owns 368,952 shares of the company’s stock, valued at approximately $204,580,194.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Marshall Mohr sold 7,500 shares of Intuitive Surgical stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $548.43, for a total transaction of $4,113,225.00. Following the transaction, the chief financial officer now directly owns 20,135 shares of the company’s stock, valued at $11,042,638.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,298 shares of company stock valued at $12,121,895. Company insiders own 1.70% of the company’s stock.
About Intuitive Surgical
Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.
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