Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Bought by Resurgent Financial Advisors LLC

Resurgent Financial Advisors LLC grew its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 33.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,053 shares of the medical equipment provider's stock after acquiring an additional 517 shares during the period. Resurgent Financial Advisors LLC's holdings in Intuitive Surgical were worth $1,072,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ISRG. Howard Capital Management Group LLC boosted its stake in shares of Intuitive Surgical by 4.5% in the third quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider's stock worth $1,044,000 after acquiring an additional 92 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Intuitive Surgical by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 602,393 shares of the medical equipment provider's stock worth $295,938,000 after purchasing an additional 9,194 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Intuitive Surgical by 0.3% during the third quarter. M&T Bank Corp now owns 68,581 shares of the medical equipment provider's stock worth $33,691,000 after buying an additional 226 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Intuitive Surgical in the third quarter worth about $228,000. Finally, Arvest Bank Trust Division acquired a new position in Intuitive Surgical during the third quarter worth about $260,000. Hedge funds and other institutional investors own 83.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ISRG. Erste Group Bank cut Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. CICC Research started coverage on Intuitive Surgical in a report on Monday, January 27th. They issued a "neutral" rating and a $550.00 target price for the company. Bernstein Bank lifted their price target on Intuitive Surgical from $655.00 to $700.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Truist Financial reduced their target price on shares of Intuitive Surgical from $666.00 to $605.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Finally, Jefferies Financial Group upped their price objective on Intuitive Surgical from $475.00 to $575.00 in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $611.81.

Insiders Place Their Bets

In related news, EVP Robert Desantis sold 11,545 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $499.22, for a total transaction of $5,763,494.90. Following the sale, the executive vice president now owns 5,224 shares of the company's stock, valued at $2,607,925.28. This trade represents a 68.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jamie Samath sold 269 shares of Intuitive Surgical stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $590.00, for a total transaction of $158,710.00. Following the completion of the sale, the chief financial officer now directly owns 3,282 shares of the company's stock, valued at $1,936,380. The trade was a 7.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,754 shares of company stock worth $17,691,621. 0.70% of the stock is owned by corporate insiders.

Intuitive Surgical Trading Down 3.4 %

Shares of NASDAQ:ISRG traded down $16.51 during trading on Monday, hitting $466.23. 829,201 shares of the stock were exchanged, compared to its average volume of 1,586,704. The company has a market cap of $166.06 billion, a PE ratio of 72.73, a P/E/G ratio of 5.85 and a beta of 1.55. The company has a fifty day moving average price of $522.23 and a two-hundred day moving average price of $532.71. Intuitive Surgical, Inc. has a 12-month low of $364.31 and a 12-month high of $616.00.

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.