Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 73.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 270,029 shares of the medical equipment provider’s stock after acquiring an additional 114,149 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.08% of Intuitive Surgical worth $132,657,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Andra AP fonden acquired a new stake in Intuitive Surgical during the second quarter worth about $178,000. MGO One Seven LLC lifted its stake in shares of Intuitive Surgical by 76.2% in the 2nd quarter. MGO One Seven LLC now owns 4,090 shares of the medical equipment provider’s stock valued at $1,819,000 after purchasing an additional 1,769 shares during the period. LPL Financial LLC boosted its holdings in Intuitive Surgical by 9.2% during the second quarter. LPL Financial LLC now owns 294,740 shares of the medical equipment provider’s stock worth $131,115,000 after buying an additional 24,715 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in Intuitive Surgical by 98.8% in the second quarter. Hazlett Burt & Watson Inc. now owns 342 shares of the medical equipment provider’s stock valued at $154,000 after buying an additional 170 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Intuitive Surgical by 3.0% in the second quarter. American Century Companies Inc. now owns 2,398,193 shares of the medical equipment provider’s stock worth $1,066,837,000 after acquiring an additional 70,556 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Surgical Stock Performance

Shares of NASDAQ ISRG traded up $0.63 during mid-day trading on Friday, reaching $544.65. 647,608 shares of the company’s stock were exchanged, compared to its average volume of 1,154,680. The company’s 50-day moving average is $535.11 and its 200-day moving average is $493.61. Intuitive Surgical, Inc. has a 52-week low of $355.17 and a 52-week high of $556.23. The firm has a market capitalization of $193.99 billion, a price-to-earnings ratio of 87.56, a PEG ratio of 5.31 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.32. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.01 billion. As a group, equities analysts predict that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intuitive Surgical news, CFO Jamie Samath sold 270 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $540.15, for a total transaction of $145,840.50. Following the sale, the chief financial officer now owns 8,757 shares in the company, valued at $4,730,093.55. This represents a 2.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian Edward Miller sold 2,553 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $515.00, for a total value of $1,314,795.00. Following the transaction, the executive vice president now directly owns 7,066 shares of the company’s stock, valued at approximately $3,638,990. This represents a 26.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,190 shares of company stock worth $25,012,927 over the last three months. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ISRG shares. Evercore ISI reiterated a “cautious” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Erste Group Bank upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley upgraded shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $522.00 to $650.00 in a research report on Monday, December 2nd. Raymond James upped their price target on shares of Intuitive Surgical from $500.00 to $540.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Mizuho boosted their price objective on Intuitive Surgical from $440.00 to $500.00 in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $554.17.

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.