HB Wealth Management LLC Buys 874 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

HB Wealth Management LLC raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,908 shares of the medical equipment provider's stock after acquiring an additional 874 shares during the period. HB Wealth Management LLC's holdings in Intuitive Surgical were worth $5,172,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ISRG. Sanibel Captiva Trust Company Inc. raised its position in Intuitive Surgical by 46.9% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 930 shares of the medical equipment provider's stock worth $485,000 after purchasing an additional 297 shares in the last quarter. Howard Financial Services LTD. grew its stake in shares of Intuitive Surgical by 4.0% in the 4th quarter. Howard Financial Services LTD. now owns 837 shares of the medical equipment provider's stock valued at $437,000 after purchasing an additional 32 shares during the period. Arkadios Wealth Advisors raised its holdings in shares of Intuitive Surgical by 9.2% in the 4th quarter. Arkadios Wealth Advisors now owns 14,533 shares of the medical equipment provider's stock worth $7,586,000 after buying an additional 1,229 shares in the last quarter. TrueWealth Advisors LLC lifted its position in shares of Intuitive Surgical by 27.1% during the 4th quarter. TrueWealth Advisors LLC now owns 1,037 shares of the medical equipment provider's stock worth $541,000 after buying an additional 221 shares during the period. Finally, Arthur M. Cohen & Associates LLC grew its position in Intuitive Surgical by 5.3% in the fourth quarter. Arthur M. Cohen & Associates LLC now owns 10,340 shares of the medical equipment provider's stock valued at $5,397,000 after acquiring an additional 522 shares during the period. Institutional investors and hedge funds own 83.64% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on ISRG shares. Robert W. Baird lifted their price objective on Intuitive Surgical from $503.00 to $565.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. Oppenheimer reissued a "market perform" rating on shares of Intuitive Surgical in a report on Friday, October 18th. Mizuho upped their price objective on shares of Intuitive Surgical from $440.00 to $500.00 in a research note on Thursday, October 17th. Royal Bank of Canada lifted their target price on shares of Intuitive Surgical from $525.00 to $555.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. Finally, Citigroup increased their price target on Intuitive Surgical from $567.00 to $640.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Intuitive Surgical presently has an average rating of "Moderate Buy" and an average price target of $554.17.

Intuitive Surgical Stock Up 1.5 %

NASDAQ ISRG traded up $8.56 on Friday, reaching $592.64. The company had a trading volume of 2,630,118 shares, compared to its average volume of 1,158,623. Intuitive Surgical, Inc. has a 52 week low of $362.14 and a 52 week high of $597.68. The stock's 50 day moving average is $540.66 and its 200-day moving average is $499.19. The stock has a market cap 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 (NASDAQ:ISRG - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.32. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. As a group, analysts forecast that Intuitive Surgical, Inc. will post 5.45 EPS for the current year.

Insider Buying and Selling at Intuitive Surgical

In other news, EVP Brian Edward Miller sold 2,553 shares of the company's stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $515.00, for a total value of $1,314,795.00. Following the completion of the transaction, the executive vice president now owns 7,066 shares in the company, valued at $3,638,990. This represents a 26.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Desantis sold 188 shares of the business's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $506.52, for a total transaction of $95,225.76. Following the completion of the sale, the executive vice president now directly owns 5,506 shares in the company, valued at $2,788,899.12. This represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,190 shares of company stock valued at $25,012,927. Corporate insiders own 0.80% of the company's stock.

Intuitive Surgical Company 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.