Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Purchased by Affinity Wealth Management LLC

Affinity Wealth Management LLC grew its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 13.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,952 shares of the medical equipment provider’s stock after buying an additional 939 shares during the quarter. Affinity Wealth Management LLC’s holdings in Intuitive Surgical were worth $4,151,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Berbice Capital Management LLC purchased a new stake in Intuitive Surgical during the fourth quarter valued at about $26,000. Godsey & Gibb Inc. grew its position in Intuitive Surgical by 140.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock worth $29,000 after purchasing an additional 35 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Intuitive Surgical during the 3rd quarter worth approximately $33,000. Decker Retirement Planning Inc. purchased a new stake in shares of Intuitive Surgical in the fourth quarter valued at $36,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Intuitive Surgical in the third quarter worth $38,000. 83.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on ISRG shares. JPMorgan Chase & Co. upped their price target on Intuitive Surgical from $575.00 to $675.00 and gave the company an “overweight” rating in a research report on Friday. Oppenheimer reiterated a “market perform” rating on shares of Intuitive Surgical in a research note on Friday, October 18th. BTIG Research lifted their target price on shares of Intuitive Surgical from $535.00 to $561.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Erste Group Bank upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Citigroup upped their target price on Intuitive Surgical from $640.00 to $711.00 and gave the stock a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and an average target price of $583.83.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, EVP Robert Desantis sold 188 shares of the company’s stock in a transaction 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 directly owns 5,506 shares in the company, valued at $2,788,899.12. This represents a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 transaction, the chief financial officer now directly owns 8,757 shares of the company’s stock, valued at approximately $4,730,093.55. The trade was a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,475 shares of company stock worth $22,070,807. 0.90% of the stock is owned by corporate insiders.

Intuitive Surgical Stock Performance

NASDAQ ISRG opened at $584.05 on Friday. Intuitive Surgical, Inc. has a twelve month low of $364.17 and a twelve month high of $616.00. The stock has a market cap of $208.03 billion, a PE ratio of 93.90, a PEG ratio of 5.19 and a beta of 1.39. The firm has a 50-day simple moving average of $547.16 and a 200 day simple moving average of $504.35.

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.