Private Wealth Partners LLC Has $756,000 Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Private Wealth Partners LLC boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 6.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,448 shares of the medical equipment provider’s stock after purchasing an additional 87 shares during the period. Private Wealth Partners LLC’s holdings in Intuitive Surgical were worth $756,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Howard Capital Management Group LLC lifted its position in shares of Intuitive Surgical by 4.5% during the third quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider’s stock worth $1,044,000 after purchasing an additional 92 shares in the last quarter. Ledyard National Bank acquired a new stake in shares of Intuitive Surgical in the 3rd quarter valued at $214,000. Foundations Investment Advisors LLC raised its position in shares of Intuitive Surgical by 8.5% during the third quarter. Foundations Investment Advisors LLC now owns 590 shares of the medical equipment provider’s stock worth $290,000 after acquiring an additional 46 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Intuitive Surgical by 4.2% in the third quarter. Sequoia Financial Advisors LLC now owns 7,618 shares of the medical equipment provider’s stock valued at $3,742,000 after acquiring an additional 308 shares during the last quarter. Finally, Eastern Bank raised its holdings in Intuitive Surgical by 81.4% during the 3rd quarter. Eastern Bank now owns 4,063 shares of the medical equipment provider’s stock worth $1,996,000 after purchasing an additional 1,823 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Price Performance

ISRG opened at $608.48 on Thursday. The company has a market capitalization of $216.73 billion, a price-to-earnings ratio of 94.93, a P/E/G ratio of 5.74 and a beta of 1.39. The business’s 50-day moving average price is $563.17 and its two-hundred day moving average price is $522.88. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ISRG shares. JPMorgan Chase & Co. raised their target price on shares of Intuitive Surgical from $575.00 to $675.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Stifel Nicolaus upped their target price on shares of Intuitive Surgical from $525.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company increased their price target on Intuitive Surgical from $630.00 to $687.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Evercore ISI lifted their price objective on Intuitive Surgical from $490.00 to $530.00 in a research note on Monday, January 27th. Finally, Erste Group Bank raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $613.10.

Insider Activity at Intuitive Surgical

In related news, CFO Jamie Samath sold 108 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $542.06, for a total value of $58,542.48. Following the completion of the transaction, the chief financial officer now owns 8,757 shares of the company’s stock, valued at approximately $4,746,819.42. This trade represents a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Myriam Curet sold 408 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $589.75, for a total transaction of $240,618.00. Following the sale, the executive vice president now directly owns 353 shares in the company, valued at $208,181.75. This trade represents a 53.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,348 shares of company stock valued at $3,587,582. 0.80% of the stock is owned by insiders.

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.