Strategic Financial Concepts LLC Purchases 312,056 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Strategic Financial Concepts LLC grew its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 50,740.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 312,671 shares of the medical equipment provider’s stock after acquiring an additional 312,056 shares during the period. Strategic Financial Concepts LLC owned about 0.09% of Intuitive Surgical worth $163,202,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ISRG. Atomi Financial Group Inc. lifted its holdings in Intuitive Surgical by 15.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 1,363 shares of the medical equipment provider’s stock valued at $669,000 after purchasing an additional 178 shares during the last quarter. Brookstone Capital Management raised its position in shares of Intuitive Surgical by 15.2% in the third quarter. Brookstone Capital Management now owns 14,439 shares of the medical equipment provider’s stock valued at $7,093,000 after purchasing an additional 1,909 shares during the period. Daymark Wealth Partners LLC lifted its stake in shares of Intuitive Surgical by 0.3% during the 3rd quarter. Daymark Wealth Partners LLC now owns 7,027 shares of the medical equipment provider’s stock worth $3,452,000 after buying an additional 24 shares during the last quarter. CWM LLC boosted its holdings in shares of Intuitive Surgical by 5.3% during the 3rd quarter. CWM LLC now owns 43,152 shares of the medical equipment provider’s stock worth $21,199,000 after buying an additional 2,162 shares during the period. Finally, Marcum Wealth LLC grew its stake in Intuitive Surgical by 1.1% in the 3rd quarter. Marcum Wealth LLC now owns 2,689 shares of the medical equipment provider’s stock valued at $1,321,000 after buying an additional 29 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ISRG has been the subject of several research reports. Robert W. Baird raised their price objective on shares of Intuitive Surgical from $503.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Morgan Stanley raised Intuitive Surgical from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $522.00 to $650.00 in a report on Monday, December 2nd. Jefferies Financial Group upped their price objective on Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. Royal Bank of Canada lifted their target price on Intuitive Surgical from $611.00 to $641.00 in a report on Monday, January 27th. Finally, The Goldman Sachs Group set a $604.00 price target on shares of Intuitive Surgical in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $613.10.

Intuitive Surgical Stock Down 0.4 %

Intuitive Surgical stock opened at $588.50 on Friday. The stock has a market cap of $209.61 billion, a PE ratio of 91.81, a P/E/G ratio of 5.51 and a beta of 1.39. Intuitive Surgical, Inc. has a 12-month low of $364.17 and a 12-month high of $616.00. The business’s 50-day moving average price is $553.03 and its two-hundred day moving average price is $512.59.

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 stock was sold at an average price of $542.06, for a total transaction of $58,542.48. Following the sale, the chief financial officer now owns 8,757 shares of the company’s stock, valued at $4,746,819.42. This trade represents a 1.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Amal M. Johnson sold 4,635 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $566.60, for a total value of $2,626,191.00. Following the sale, the director now owns 12,275 shares in the company, valued at $6,955,015. This represents a 27.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,940 shares of company stock valued at $3,333,485. 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.