Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Purchased by LexAurum Advisors LLC

LexAurum Advisors LLC lifted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 11.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 925 shares of the medical equipment provider’s stock after purchasing an additional 98 shares during the quarter. LexAurum Advisors LLC’s holdings in Intuitive Surgical were worth $483,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Motive Wealth Advisors acquired a new stake in shares of Intuitive Surgical in the 4th quarter worth $224,000. Cornerstone Wealth Management LLC lifted its position in Intuitive Surgical by 4.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 550 shares of the medical equipment provider’s stock worth $287,000 after acquiring an additional 25 shares during the period. Brighton Jones LLC lifted its position in Intuitive Surgical by 24.9% during the 4th quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider’s stock worth $1,916,000 after acquiring an additional 731 shares during the period. Conway Capital Management Inc. lifted its position in Intuitive Surgical by 8.4% during the 4th quarter. Conway Capital Management Inc. now owns 4,951 shares of the medical equipment provider’s stock worth $2,584,000 after acquiring an additional 382 shares during the period. Finally, FCG Investment Co lifted its position in Intuitive Surgical by 9.9% during the 4th quarter. FCG Investment Co now owns 2,362 shares of the medical equipment provider’s stock worth $1,233,000 after acquiring an additional 212 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Intuitive Surgical Trading Down 4.0 %

NASDAQ:ISRG opened at $584.05 on Friday. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00. The stock has a 50 day moving average of $546.03 and a two-hundred day moving average of $503.38. The firm has a market cap of $208.03 billion, a P/E ratio of 93.90, a price-to-earnings-growth ratio of 5.19 and a beta of 1.39.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ISRG. Wells Fargo & Company lifted their price target on Intuitive Surgical from $630.00 to $687.00 and gave the stock an “overweight” rating in a research report on Friday. Evercore ISI reaffirmed a “cautious” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Mizuho lifted their price target on Intuitive Surgical from $440.00 to $500.00 in a research report on Thursday, October 17th. JPMorgan Chase & Co. boosted their price objective on Intuitive Surgical from $575.00 to $675.00 and gave the company an “overweight” rating in a report on Friday. Finally, Citigroup boosted their price objective on Intuitive Surgical from $640.00 to $711.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $583.83.

Insiders Place Their Bets

In other Intuitive Surgical news, insider Jamie Samath sold 22,903 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $525.00, for a total transaction of $12,024,075.00. Following the completion of the sale, the insider now directly owns 8,757 shares in the company, valued at approximately $4,597,425. The trade was a 72.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Desantis sold 188 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $506.52, for a total value of $95,225.76. Following the sale, the executive vice president now owns 5,506 shares of the company’s stock, valued at approximately $2,788,899.12. This trade represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 42,475 shares of company stock worth $22,070,807. Corporate insiders own 0.90% of the company’s stock.

About Intuitive Surgical

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.