Miller Financial Services LLC Buys Shares of 1,342 Intuitive Surgical, Inc. (NASDAQ:ISRG)

Miller Financial Services LLC acquired a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,342 shares of the medical equipment provider's stock, valued at approximately $700,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Berbice Capital Management LLC acquired a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $26,000. BankPlus Trust Department purchased a new position in Intuitive Surgical in the fourth quarter valued at $28,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Intuitive Surgical in the fourth quarter worth about $31,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Intuitive Surgical during the 3rd quarter worth about $33,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Intuitive Surgical during the 4th quarter worth about $36,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on ISRG. Evercore ISI increased their price target on Intuitive Surgical from $490.00 to $530.00 in a research report on Monday, January 27th. Stifel Nicolaus increased their target price on Intuitive Surgical from $525.00 to $610.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Raymond James boosted their price target on shares of Intuitive Surgical from $560.00 to $688.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Erste Group Bank raised shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a report on Tuesday, November 19th. Finally, Bernstein Bank boosted their target price on shares of Intuitive Surgical from $655.00 to $700.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, Intuitive Surgical presently has a consensus rating of "Moderate Buy" and an average target price of $613.10.

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Intuitive Surgical Price Performance

Shares of ISRG stock traded up $5.91 on Wednesday, hitting $499.63. The stock had a trading volume of 1,677,837 shares, compared to its average volume of 1,421,899. The company's 50 day moving average price is $569.91 and its 200-day moving average price is $531.84. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00. The firm has a market capitalization of $177.96 billion, a P/E ratio of 78.00, a P/E/G ratio of 5.85 and a beta of 1.43.

Insider Transactions at Intuitive Surgical

In other Intuitive Surgical news, Director Amal M. Johnson sold 4,635 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the completion of the transaction, the director now owns 12,275 shares in the company, valued at $6,955,015. The trade was a 27.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Myriam Curet sold 3,031 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $577.30, for a total value of $1,749,796.30. Following the completion of the sale, the executive vice president now owns 353 shares in the company, valued at approximately $203,786.90. This represents a 89.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,309 shares of company stock valued at $7,611,004. 0.90% of the stock is currently owned by company insiders.

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.