Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Acquired by Modern Wealth Management LLC

Modern Wealth Management LLC increased its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 15.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,036 shares of the medical equipment provider’s stock after acquiring an additional 136 shares during the quarter. Modern Wealth Management LLC’s holdings in Intuitive Surgical were worth $541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prudential Financial Inc. increased its stake in Intuitive Surgical by 8.1% in the fourth quarter. Prudential Financial Inc. now owns 365,132 shares of the medical equipment provider’s stock valued at $190,584,000 after purchasing an additional 27,246 shares during the period. Corebridge Financial Inc. increased its position in Intuitive Surgical by 0.7% in the 4th quarter. Corebridge Financial Inc. now owns 110,954 shares of the medical equipment provider’s stock valued at $57,914,000 after acquiring an additional 770 shares during the period. Congress Wealth Management LLC DE raised its stake in Intuitive Surgical by 1.5% during the 4th quarter. Congress Wealth Management LLC DE now owns 45,073 shares of the medical equipment provider’s stock valued at $23,527,000 after acquiring an additional 656 shares during the last quarter. Dillon & Associates Inc. lifted its position in Intuitive Surgical by 2.3% during the 4th quarter. Dillon & Associates Inc. now owns 24,823 shares of the medical equipment provider’s stock worth $12,958,000 after acquiring an additional 549 shares during the period. Finally, Crowley Wealth Management Inc. purchased a new position in shares of Intuitive Surgical in the 4th quarter valued at approximately $86,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Price Performance

NASDAQ:ISRG opened at $507.90 on Friday. The firm has a market cap of $180.90 billion, a PE ratio of 79.24, a P/E/G ratio of 5.85 and a beta of 1.43. The firm has a 50 day simple moving average of $558.29 and a 200-day simple moving average of $532.25. Intuitive Surgical, Inc. has a 1-year low of $364.17 and a 1-year high of $616.00.

Wall Street Analyst Weigh In

ISRG has been the subject of several recent research reports. Barclays increased their price target on Intuitive Surgical from $610.00 to $674.00 in a report on Monday, January 27th. Evercore ISI raised their target price on shares of Intuitive Surgical from $490.00 to $530.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on shares of Intuitive Surgical from $575.00 to $675.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Leerink Partners raised their price objective on shares of Intuitive Surgical from $490.00 to $548.00 in a research report on Monday, January 27th. Finally, Erste Group Bank cut Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $611.86.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, CFO Jamie Samath sold 269 shares of Intuitive Surgical stock in a transaction dated Monday, February 10th. The stock was 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 owns 3,282 shares in the company, valued at $1,936,380. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Amal M. Johnson sold 4,635 shares of the stock in a transaction dated 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 owns 12,275 shares in the company, valued at approximately $6,955,015. The trade was a 27.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,754 shares of company stock worth $17,691,621. Insiders own 0.90% 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.