Empirical Asset Management LLC Purchases 3,456 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Empirical Asset Management LLC increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 21.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,393 shares of the medical equipment provider's stock after purchasing an additional 3,456 shares during the quarter. Empirical Asset Management LLC's holdings in Intuitive Surgical were worth $10,122,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Godsey & Gibb Inc. grew its holdings in shares of Intuitive Surgical by 140.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider's stock valued at $29,000 after acquiring an additional 35 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Intuitive Surgical in the third quarter worth about $33,000. Capital Performance Advisors LLP acquired a new position in shares of Intuitive Surgical during the 3rd quarter worth about $38,000. DT Investment Partners LLC increased its position in Intuitive Surgical by 80.0% in the 3rd quarter. DT Investment Partners LLC now owns 81 shares of the medical equipment provider's stock worth $40,000 after buying an additional 36 shares during the period. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in shares of Intuitive Surgical during the second quarter worth approximately $37,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Leerink Partners raised their price objective on shares of Intuitive Surgical from $489.00 to $502.00 in a research note on Thursday, October 17th. BTIG Research raised their price target on shares of Intuitive Surgical from $535.00 to $561.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Oppenheimer reaffirmed a "market perform" rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Wells Fargo & Company lifted their target price on Intuitive Surgical from $549.00 to $630.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group set a $604.00 price target on Intuitive Surgical in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $554.17.

Insider Activity

In other Intuitive Surgical news, EVP Brian Edward Miller sold 2,553 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $515.00, for a total transaction of $1,314,795.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jamie Samath sold 22,903 shares of the business's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $525.00, for a total transaction of $12,024,075.00. Following the completion of the transaction, the insider now directly owns 8,757 shares of the company's stock, valued at approximately $4,597,425. This represents a 72.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,190 shares of company stock worth $25,012,927. 0.90% of the stock is owned by corporate insiders.

Intuitive Surgical Stock Up 1.5 %

NASDAQ:ISRG traded up $8.56 on Friday, reaching $592.64. The stock had a trading volume of 2,630,118 shares, compared to its average volume of 1,744,419. The company has a market capitalization of $211.09 billion, a P/E ratio of 95.28, a price-to-earnings-growth ratio of 4.66 and a beta of 1.39. Intuitive Surgical, Inc. has a 1-year low of $362.14 and a 1-year high of $597.68. The stock has a fifty day moving average price of $539.54 and a 200-day moving average price of $497.69.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its 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 business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. Sell-side analysts predict that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current fiscal year.

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.