Affinity Wealth Management LLC Increases Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Affinity Wealth Management LLC increased its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 13.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,952 shares of the medical equipment provider's stock after purchasing an additional 939 shares during the period. Affinity Wealth Management LLC's holdings in Intuitive Surgical were worth $4,151,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its position in Intuitive Surgical by 1.4% in the 3rd quarter. State Street Corp now owns 15,050,121 shares of the medical equipment provider's stock valued at $7,393,673,000 after acquiring an additional 210,363 shares in the last quarter. FMR LLC raised its position in Intuitive Surgical by 8.3% in the 3rd quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider's stock worth $5,389,765,000 after buying an additional 838,793 shares during the last quarter. Geode Capital Management LLC lifted its stake in Intuitive Surgical by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 7,512,925 shares of the medical equipment provider's stock valued at $3,677,194,000 after acquiring an additional 143,440 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Intuitive Surgical by 1.8% during the 3rd quarter. Fisher Asset Management LLC now owns 4,782,381 shares of the medical equipment provider's stock valued at $2,349,441,000 after acquiring an additional 86,208 shares during the last quarter. Finally, Baillie Gifford & Co. grew its stake in shares of Intuitive Surgical by 0.6% in the third quarter. Baillie Gifford & Co. now owns 3,848,547 shares of the medical equipment provider's stock worth $1,890,676,000 after acquiring an additional 24,183 shares during the period. Institutional investors own 83.64% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on ISRG shares. Erste Group Bank raised Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th. Evercore ISI restated a "cautious" rating on shares of Intuitive Surgical in a research report on Friday, October 18th. The Goldman Sachs Group set a $604.00 price target on shares of Intuitive Surgical in a research report on Friday, October 18th. Citigroup boosted their price objective on shares of Intuitive Surgical from $640.00 to $711.00 and gave the company a "buy" rating in a research report on Friday. Finally, Royal Bank of Canada raised their target price on Intuitive Surgical from $525.00 to $555.00 and gave the stock an "outperform" rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Intuitive Surgical has a consensus rating of "Moderate Buy" and an average price target of $583.83.

Insider Transactions at Intuitive Surgical

In related news, CFO Jamie Samath sold 270 shares of Intuitive Surgical stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $540.15, for a total transaction of $145,840.50. Following the completion of the sale, the chief financial officer now owns 8,757 shares in the company, valued at $4,730,093.55. This trade represents a 2.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gary S. Guthart sold 18,151 shares of the firm's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $511.63, for a total value of $9,286,596.13. Following the transaction, the chief executive officer now owns 24,219 shares in the company, valued at $12,391,166.97. The trade was a 42.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,475 shares of company stock worth $22,070,807. 0.90% of the stock is currently owned by insiders.

Intuitive Surgical Trading Down 4.0 %

Shares of NASDAQ ISRG traded down $24.61 during trading hours on Friday, hitting $584.05. 4,350,539 shares of the company traded hands, compared to its average volume of 1,342,626. The company's 50 day moving average price is $547.16 and its 200 day moving average price is $504.78. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00. The stock has a market capitalization of $208.03 billion, a price-to-earnings ratio of 93.90, a price-to-earnings-growth ratio of 5.19 and a beta of 1.39.

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.