Jacksonville Wealth Management LLC Purchases Shares of 4,040 Intuitive Surgical, Inc. (NASDAQ:ISRG)

Jacksonville Wealth Management LLC purchased a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,040 shares of the medical equipment provider's stock, valued at approximately $2,108,000. Intuitive Surgical accounts for approximately 2.0% of Jacksonville Wealth Management LLC's investment portfolio, making the stock its 15th biggest position.

Several other large investors also recently made changes to their positions in ISRG. Berbice Capital Management LLC bought a new stake in shares of Intuitive Surgical during the fourth quarter worth about $26,000. Godsey & Gibb Inc. increased its holdings in Intuitive Surgical by 140.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider's stock worth $29,000 after purchasing an additional 35 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Intuitive Surgical in the third quarter worth approximately $33,000. Decker Retirement Planning Inc. bought a new position in shares of Intuitive Surgical in the fourth quarter valued at approximately $36,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Intuitive Surgical during the third quarter valued at approximately $38,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ISRG. Evercore ISI restated a "cautious" rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Truist Financial raised their price target on shares of Intuitive Surgical from $640.00 to $666.00 and gave the company a "buy" rating in a research report on Friday. Mizuho upped their price objective on shares of Intuitive Surgical from $440.00 to $500.00 in a research report on Thursday, October 17th. Robert W. Baird lifted their target price 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. Finally, Leerink Partners upped their target price on Intuitive Surgical from $489.00 to $502.00 in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $583.83.

Insider Activity at Intuitive Surgical

In other news, EVP Robert Desantis sold 188 shares of the firm's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $506.52, for a total value of $95,225.76. Following the completion of the transaction, the executive vice president now directly owns 5,506 shares in the company, valued at approximately $2,788,899.12. This trade represents a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jamie Samath sold 269 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $539.89, for a total transaction of $145,230.41. Following the sale, the insider now directly owns 8,757 shares in the company, valued at $4,727,816.73. This trade represents a 2.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,475 shares of company stock worth $22,070,807. Corporate insiders own 0.90% of the company's stock.

Intuitive Surgical Price Performance

Shares of ISRG traded down $24.61 during trading hours on Friday, hitting $584.05. The company's stock had a trading volume of 4,350,539 shares, compared to its average volume of 1,342,626. The company has a market cap of $208.03 billion, a price-to-earnings ratio of 93.90, a PEG ratio of 5.19 and a beta of 1.39. The business has a 50 day simple moving average of $547.16 and a two-hundred day simple moving average of $504.78. Intuitive Surgical, Inc. has a 52-week low of $364.17 and a 52-week high of $616.00.

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.