Jacksonville Wealth Management LLC Purchases Shares of 4,040 Intuitive Surgical, Inc. (NASDAQ:ISRG)

Jacksonville Wealth Management LLC acquired a new position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,040 shares of the medical equipment provider’s stock, valued at approximately $2,108,000. Intuitive Surgical makes up approximately 2.0% of Jacksonville Wealth Management LLC’s investment portfolio, making the stock its 15th largest position.

Several other institutional investors have also recently modified their holdings of ISRG. AQR Capital Management LLC grew its holdings in shares of Intuitive Surgical by 12.6% during the second quarter. AQR Capital Management LLC now owns 42,691 shares of the medical equipment provider’s stock worth $18,958,000 after buying an additional 4,775 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Intuitive Surgical during the second quarter worth approximately $29,776,000. Oliver Lagore Vanvalin Investment Group grew its stake in Intuitive Surgical by 11.2% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 4,431 shares of the medical equipment provider’s stock worth $1,971,000 after acquiring an additional 446 shares during the period. MidWestOne Financial Group Inc. raised its holdings in Intuitive Surgical by 5.4% in the 2nd quarter. MidWestOne Financial Group Inc. now owns 777 shares of the medical equipment provider’s stock valued at $346,000 after acquiring an additional 40 shares during the last quarter. Finally, Rockport Wealth LLC lifted its stake in shares of Intuitive Surgical by 7.2% during the 2nd quarter. Rockport Wealth LLC now owns 61,472 shares of the medical equipment provider’s stock worth $27,346,000 after purchasing an additional 4,104 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, EVP Robert Desantis sold 188 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $506.52, for a total value of $95,225.76. Following the completion of the sale, the executive vice president now owns 5,506 shares of the company’s stock, valued at $2,788,899.12. This trade represents a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary S. Guthart sold 18,151 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $511.63, for a total transaction of $9,286,596.13. Following the transaction, the chief executive officer now directly owns 24,219 shares in the company, valued at approximately $12,391,166.97. The trade was a 42.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,475 shares of company stock worth $22,070,807. 0.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ISRG shares. JPMorgan Chase & Co. lifted their price objective on Intuitive Surgical from $575.00 to $675.00 and gave the company an “overweight” rating in a research report on Friday. Raymond James lifted their price target on Intuitive Surgical from $560.00 to $688.00 and gave the company an “outperform” rating in a report on Friday. Evercore ISI reiterated a “cautious” rating on shares of Intuitive Surgical in a report on Friday, October 18th. Stifel Nicolaus raised their target price on shares of Intuitive Surgical from $525.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group set a $604.00 price target on shares of Intuitive Surgical in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $583.83.

Intuitive Surgical Price Performance

Shares of 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’s 50-day moving average is $547.16 and its two-hundred day moving average is $504.35. The stock has a market cap of $208.03 billion, a PE ratio of 93.90, a P/E/G ratio of 5.19 and a beta of 1.39.

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.