Affinity Wealth Management LLC Buys New Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Affinity Wealth Management LLC purchased a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,013 shares of the medical equipment provider’s stock, valued at approximately $3,445,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sapient Capital LLC raised its holdings in Intuitive Surgical by 2.1% during the 3rd quarter. Sapient Capital LLC now owns 97,736 shares of the medical equipment provider’s stock valued at $48,015,000 after buying an additional 2,002 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of Intuitive Surgical during the third quarter valued at about $65,000. Procyon Advisors LLC boosted its holdings in shares of Intuitive Surgical by 4.1% during the third quarter. Procyon Advisors LLC now owns 6,257 shares of the medical equipment provider’s stock worth $3,071,000 after purchasing an additional 248 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Intuitive Surgical by 19.1% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,158 shares of the medical equipment provider’s stock worth $569,000 after purchasing an additional 186 shares during the last quarter. Finally, Sunflower Bank N.A. bought a new stake in shares of Intuitive Surgical in the third quarter worth about $344,000. Institutional investors own 83.64% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on Intuitive Surgical from $495.00 to $575.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup raised their price target on Intuitive Surgical from $512.00 to $560.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. BTIG Research boosted their price objective on shares of Intuitive Surgical from $469.00 to $494.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Piper Sandler upped their price objective on shares of Intuitive Surgical from $490.00 to $495.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Stifel Nicolaus lifted their target price on shares of Intuitive Surgical from $430.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $458.35.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, Director Craig H. Barratt sold 1,400 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $458.13, for a total value of $641,382.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Intuitive Surgical news, Director Craig H. Barratt sold 1,400 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $458.13, for a total value of $641,382.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Desantis sold 1,413 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $438.60, for a total transaction of $619,741.80. Following the sale, the executive vice president now owns 5,506 shares of the company’s stock, valued at approximately $2,414,931.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,120 shares of company stock worth $25,528,753. Insiders own 0.90% of the company’s stock.

Intuitive Surgical Price Performance

Intuitive Surgical stock traded down $0.81 during mid-day trading on Monday, reaching $483.97. The stock had a trading volume of 80,142 shares, compared to its average volume of 1,462,125. Intuitive Surgical, Inc. has a one year low of $254.85 and a one year high of $496.48. The company has a 50-day moving average price of $480.34 and a two-hundred day moving average price of $435.19. The company has a market capitalization of $171.66 billion, a price-to-earnings ratio of 87.51, a PEG ratio of 5.40 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, July 18th. The medical equipment provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.24. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.97 billion. Intuitive Surgical had a net margin of 27.65% and a return on equity of 13.04%. The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.18 earnings per share. On average, equities research analysts anticipate that Intuitive Surgical, Inc. will post 5.22 earnings per share for the current fiscal year.

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.