Diversify Wealth Management LLC Grows Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Diversify Wealth Management LLC increased its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 101.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 8,063 shares of the medical equipment provider’s stock after acquiring an additional 4,066 shares during the period. Diversify Wealth Management LLC’s holdings in Intuitive Surgical were worth $4,414,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. LVW Advisors LLC raised its stake in shares of Intuitive Surgical by 1.3% in the 4th quarter. LVW Advisors LLC now owns 1,448 shares of the medical equipment provider’s stock valued at $756,000 after acquiring an additional 19 shares during the period. Brady Martz Wealth Solutions LLC acquired a new stake in Intuitive Surgical in the 4th quarter valued at approximately $554,000. Cambridge Advisors Inc. lifted its stake in Intuitive Surgical by 2.7% during the fourth quarter. Cambridge Advisors Inc. now owns 1,518 shares of the medical equipment provider’s stock worth $792,000 after purchasing an additional 40 shares in the last quarter. Cadinha & Co. LLC boosted its position in shares of Intuitive Surgical by 11.7% during the fourth quarter. Cadinha & Co. LLC now owns 64,943 shares of the medical equipment provider’s stock worth $33,898,000 after buying an additional 6,800 shares during the period. Finally, Clarius Group LLC grew its stake in shares of Intuitive Surgical by 11.8% in the fourth quarter. Clarius Group LLC now owns 2,089 shares of the medical equipment provider’s stock valued at $1,090,000 after buying an additional 220 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ISRG shares. BTIG Research increased their target price on Intuitive Surgical from $535.00 to $561.00 and gave the stock 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. Stifel Nicolaus increased their target price on shares of Intuitive Surgical from $525.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company boosted their price target on shares of Intuitive Surgical from $549.00 to $630.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Raymond James increased their price objective on Intuitive Surgical from $500.00 to $540.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $554.17.

Intuitive Surgical Stock Performance

Shares of ISRG stock opened at $592.64 on Monday. Intuitive Surgical, Inc. has a 1 year low of $362.14 and a 1 year high of $597.68. The firm has a market cap of $211.09 billion, a price-to-earnings ratio of 95.28, a PEG ratio of 4.66 and a beta of 1.39. The stock’s 50-day moving average is $540.66 and its two-hundred day moving average is $499.19.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.24 by $0.32. Intuitive Surgical had a return on equity of 13.41% and a net margin of 28.51%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.01 billion. As a group, research analysts predict that Intuitive Surgical, Inc. will post 5.45 EPS for the current year.

Insider Transactions at Intuitive Surgical

In other news, SVP Mark Brosius sold 2,128 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $515.00, for a total transaction of $1,095,920.00. Following the completion of the sale, the senior vice president now owns 273 shares in the company, valued at $140,595. This represents a 88.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert Desantis sold 188 shares of the 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 of the company’s stock, valued at approximately $2,788,899.12. This represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,190 shares of company stock worth $25,012,927. Insiders own 0.80% 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.