Kirtland Hills Capital Management LLC Acquires 147 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Kirtland Hills Capital Management LLC raised its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 15.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,125 shares of the medical equipment provider’s stock after purchasing an additional 147 shares during the quarter. Kirtland Hills Capital Management LLC’s holdings in Intuitive Surgical were worth $587,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Howard Capital Management Group LLC lifted its holdings in shares of Intuitive Surgical by 4.5% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider’s stock worth $1,044,000 after acquiring an additional 92 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of Intuitive Surgical by 1,287.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 111 shares of the medical equipment provider’s stock worth $55,000 after acquiring an additional 103 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Intuitive Surgical by 21.1% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 3,351 shares of the medical equipment provider’s stock worth $1,646,000 after acquiring an additional 584 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Intuitive Surgical by 4.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 111,933 shares of the medical equipment provider’s stock worth $54,989,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Autumn Glory Partners LLC lifted its holdings in shares of Intuitive Surgical by 144.5% in the 3rd quarter. Autumn Glory Partners LLC now owns 1,834 shares of the medical equipment provider’s stock worth $902,000 after acquiring an additional 1,084 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Down 2.9 %

Shares of Intuitive Surgical stock opened at $573.74 on Wednesday. The firm’s 50 day moving average price is $567.01 and its 200-day moving average price is $527.27. Intuitive Surgical, Inc. has a 52-week low of $364.17 and a 52-week high of $616.00. The company has a market cap of $204.35 billion, a P/E ratio of 89.51, a PEG ratio of 5.85 and a beta of 1.39.

Insider Buying and Selling

In related news, CFO Jamie Samath sold 269 shares of Intuitive Surgical stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $590.00, for a total value of $158,710.00. Following the completion of the sale, the chief financial officer now directly owns 3,282 shares in the company, valued at $1,936,380. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Myriam Curet sold 408 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $589.75, for a total transaction of $240,618.00. Following the sale, the executive vice president now owns 353 shares of the company’s stock, valued at approximately $208,181.75. The trade was a 53.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,240 shares of company stock worth $3,529,040 in the last three months. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $522.00 to $650.00 in a report on Monday, December 2nd. Stifel Nicolaus raised their price target on shares of Intuitive Surgical from $525.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Evercore ISI raised their price target on shares of Intuitive Surgical from $490.00 to $530.00 in a research note on Monday, January 27th. Erste Group Bank raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, BTIG Research raised their price target on shares of Intuitive Surgical from $535.00 to $561.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $613.10.

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.