Activest Wealth Management Buys 92 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Activest Wealth Management raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 180.4% in the 3rd quarter, Holdings Channel reports. The firm owned 143 shares of the medical equipment provider’s stock after buying an additional 92 shares during the quarter. Activest Wealth Management’s holdings in Intuitive Surgical were worth $70,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ISRG. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Intuitive Surgical by 10,606.9% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 12,420 shares of the medical equipment provider’s stock worth $4,957,000 after buying an additional 12,304 shares during the last quarter. CreativeOne Wealth LLC raised its stake in shares of Intuitive Surgical by 41.2% during the first quarter. CreativeOne Wealth LLC now owns 2,324 shares of the medical equipment provider’s stock worth $927,000 after acquiring an additional 678 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of Intuitive Surgical by 18.1% during the 1st quarter. Axxcess Wealth Management LLC now owns 10,551 shares of the medical equipment provider’s stock valued at $4,211,000 after purchasing an additional 1,618 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Intuitive Surgical by 18.1% in the first quarter. Advisors Asset Management Inc. now owns 7,380 shares of the medical equipment provider’s stock worth $2,945,000 after buying an additional 1,129 shares during the period. Finally, Sheaff Brock Investment Advisors LLC boosted its holdings in Intuitive Surgical by 1.8% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 2,265 shares of the medical equipment provider’s stock valued at $904,000 after acquiring an additional 39 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Erste Group Bank raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Intuitive Surgical from $495.00 to $575.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Raymond James lifted their price objective on Intuitive Surgical from $500.00 to $540.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Stifel Nicolaus increased their target price on Intuitive Surgical from $475.00 to $525.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Robert W. Baird upped their price target on Intuitive Surgical from $503.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Intuitive Surgical has a consensus rating of “Moderate Buy” and a consensus price target of $524.61.

Intuitive Surgical Trading Up 0.5 %

NASDAQ ISRG traded up $2.64 on Thursday, reaching $544.46. 77,249 shares of the stock were exchanged, compared to its average volume of 1,450,793. The firm has a market capitalization of $193.93 billion, a PE ratio of 87.11, a PEG ratio of 5.30 and a beta of 1.39. The company’s 50-day simple moving average is $502.44 and its two-hundred day simple moving average is $461.26. Intuitive Surgical, Inc. has a one year low of $304.50 and a one year high of $546.32.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.32. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.01 billion. Sell-side analysts forecast that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current fiscal year.

Insider Activity at Intuitive Surgical

In related news, SVP Henry L. Charlton sold 40,243 shares of Intuitive Surgical stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $486.84, for a total value of $19,591,902.12. Following the completion of the transaction, the senior vice president now owns 3,001 shares in the company, valued at approximately $1,461,006.84. This trade represents a 93.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jamie Samath sold 269 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $539.89, for a total value of $145,230.41. Following the sale, the insider now owns 8,757 shares in the company, valued at approximately $4,727,816.73. This trade represents a 2.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 91,178 shares of company stock valued at $45,897,071. Insiders own 0.90% of the company’s stock.

Intuitive Surgical Company 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.