Goldstone Financial Group LLC Boosts Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Goldstone Financial Group LLC lifted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 7.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 513 shares of the medical equipment provider’s stock after purchasing an additional 34 shares during the period. Goldstone Financial Group LLC’s holdings in Intuitive Surgical were worth $268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Moors & Cabot Inc. increased its holdings in shares of Intuitive Surgical by 2.3% in the 2nd quarter. Moors & Cabot Inc. now owns 1,159 shares of the medical equipment provider’s stock valued at $516,000 after acquiring an additional 26 shares during the period. Intech Investment Management LLC grew its stake in Intuitive Surgical by 6.2% in the second quarter. Intech Investment Management LLC now owns 21,279 shares of the medical equipment provider’s stock valued at $9,466,000 after purchasing an additional 1,244 shares during the last quarter. Ieq Capital LLC raised its holdings in Intuitive Surgical by 10.7% in the second quarter. Ieq Capital LLC now owns 27,040 shares of the medical equipment provider’s stock worth $12,029,000 after purchasing an additional 2,616 shares in the last quarter. Trust Investment Advisors purchased a new stake in shares of Intuitive Surgical during the second quarter valued at about $215,000. Finally, GM Advisory Group LLC boosted its holdings in shares of Intuitive Surgical by 3.5% in the 2nd quarter. GM Advisory Group LLC now owns 4,213 shares of the medical equipment provider’s stock valued at $1,874,000 after buying an additional 141 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ISRG has been the subject of a number of analyst reports. Leerink Partners increased their target price on shares of Intuitive Surgical from $489.00 to $502.00 in a research report on Thursday, October 17th. Oppenheimer reissued a “market perform” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Citigroup boosted their target price on Intuitive Surgical from $567.00 to $640.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. BTIG Research increased their price target on Intuitive Surgical from $535.00 to $561.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group set a $604.00 price target on Intuitive Surgical in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $554.17.

Intuitive Surgical Stock Up 1.5 %

Shares of ISRG opened at $592.64 on Friday. The stock’s 50-day moving average price is $539.54 and its 200-day moving average price is $497.69. The company has a market capitalization of $211.09 billion, a price-to-earnings ratio of 95.28, a PEG ratio of 4.66 and a beta of 1.39. Intuitive Surgical, Inc. has a 52 week low of $362.14 and a 52 week high of $597.68.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, October 17th. The medical equipment provider reported $1.56 EPS 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 business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.01 billion. As a group, equities analysts anticipate that Intuitive Surgical, Inc. will post 5.45 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jamie Samath sold 270 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $540.15, for a total transaction of $145,840.50. Following the transaction, the chief financial officer now owns 8,757 shares in the company, valued at $4,730,093.55. This trade represents a 2.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brian Edward Miller sold 2,553 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $515.00, for a total transaction of $1,314,795.00. Following the transaction, the executive vice president now owns 7,066 shares of the company’s stock, valued at $3,638,990. This represents a 26.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,190 shares of company stock valued at $25,012,927. Corporate insiders own 0.90% of the company’s stock.

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.