Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Purchased by Arthur M. Cohen & Associates LLC

Arthur M. Cohen & Associates LLC grew its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,340 shares of the medical equipment provider's stock after buying an additional 522 shares during the quarter. Intuitive Surgical accounts for approximately 1.0% of Arthur M. Cohen & Associates LLC's holdings, making the stock its 18th biggest holding. Arthur M. Cohen & Associates LLC's holdings in Intuitive Surgical were worth $5,397,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Moors & Cabot Inc. raised its stake in shares of Intuitive Surgical by 2.3% in the second quarter. Moors & Cabot Inc. now owns 1,159 shares of the medical equipment provider's stock valued at $516,000 after acquiring an additional 26 shares during the period. Intech Investment Management LLC grew its holdings in Intuitive Surgical by 6.2% during the 2nd quarter. Intech Investment Management LLC now owns 21,279 shares of the medical equipment provider's stock valued at $9,466,000 after purchasing an additional 1,244 shares during the last quarter. Ieq Capital LLC raised its position in Intuitive Surgical by 10.7% in the 2nd quarter. Ieq Capital LLC now owns 27,040 shares of the medical equipment provider's stock worth $12,029,000 after purchasing an additional 2,616 shares during the period. Trust Investment Advisors purchased a new position in shares of Intuitive Surgical during the second quarter valued at approximately $215,000. Finally, GM Advisory Group LLC grew its stake in shares of Intuitive Surgical by 3.5% during the second quarter. GM Advisory Group LLC now owns 4,213 shares of the medical equipment provider's stock valued at $1,874,000 after buying an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company's stock.

Intuitive Surgical Stock Up 1.5 %

Shares of Intuitive Surgical stock traded up $8.56 during trading on Friday, reaching $592.64. The company's stock had a trading volume of 2,630,118 shares, compared to its average volume of 1,158,623. The company has a 50-day simple moving average of $540.66 and a two-hundred day simple moving average of $499.19. Intuitive Surgical, Inc. has a 1-year low of $362.14 and a 1-year high of $597.68. The company has a market cap of $211.09 billion, a price-to-earnings ratio of 95.28, a P/E/G ratio of 4.66 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share 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 during the quarter, compared to the consensus estimate of $2.01 billion. As a group, analysts anticipate that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Robert Desantis sold 376 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $539.00, for a total value of $202,664.00. Following the completion of the transaction, the executive vice president now directly owns 5,506 shares in the company, valued at $2,967,734. This trade represents a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jamie Samath sold 270 shares of Intuitive Surgical stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $540.15, for a total value of $145,840.50. Following the sale, the chief financial officer now directly owns 8,757 shares of the company's stock, valued at $4,730,093.55. This trade represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,190 shares of company stock worth $25,012,927 in the last three months. Corporate insiders own 0.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ISRG. Morgan Stanley raised Intuitive Surgical from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $522.00 to $650.00 in a research note on Monday, December 2nd. Erste Group Bank raised shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a research note on Tuesday, November 19th. Evercore ISI reaffirmed a "cautious" rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Truist Financial lifted their price objective on shares of Intuitive Surgical from $570.00 to $640.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, Stifel Nicolaus raised their target price on shares of Intuitive Surgical from $525.00 to $610.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $554.17.

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.