Simon Quick Advisors LLC Acquires 160 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Simon Quick Advisors LLC raised its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 8.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,132 shares of the medical equipment provider’s stock after acquiring an additional 160 shares during the quarter. Simon Quick Advisors LLC’s holdings in Intuitive Surgical were worth $1,113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of ISRG. AE Wealth Management LLC lifted its holdings in shares of Intuitive Surgical by 24.5% in the 2nd quarter. AE Wealth Management LLC now owns 3,822 shares of the medical equipment provider’s stock worth $1,700,000 after buying an additional 752 shares during the period. Epoch Investment Partners Inc. lifted its stake in shares of Intuitive Surgical by 7.1% during the 2nd quarter. Epoch Investment Partners Inc. now owns 1,036 shares of the medical equipment provider’s stock worth $461,000 after purchasing an additional 69 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Intuitive Surgical by 32.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the medical equipment provider’s stock worth $514,000 after purchasing an additional 281 shares during the last quarter. DRW Securities LLC purchased a new stake in shares of Intuitive Surgical during the 2nd quarter worth $428,000. Finally, Steel Grove Capital Advisors LLC lifted its stake in shares of Intuitive Surgical by 80.5% during the 2nd quarter. Steel Grove Capital Advisors LLC now owns 1,009 shares of the medical equipment provider’s stock worth $449,000 after purchasing an additional 450 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ISRG shares. Mizuho upped their price objective on Intuitive Surgical from $440.00 to $500.00 in a research note on Thursday, October 17th. Leerink Partners increased their price target on Intuitive Surgical from $489.00 to $502.00 in a research note on Thursday, October 17th. Erste Group Bank upgraded Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. increased their price target on Intuitive Surgical from $495.00 to $575.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Raymond James increased their price target on Intuitive Surgical from $500.00 to $540.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $554.17.

Intuitive Surgical Stock Up 1.9 %

ISRG stock opened at $604.12 on Wednesday. The business has a fifty day moving average of $541.80 and a two-hundred day moving average of $500.76. The stock has a market cap of $215.18 billion, a price-to-earnings ratio of 97.13, a price-to-earnings-growth ratio of 5.04 and a beta of 1.39. Intuitive Surgical, Inc. has a 52-week low of $362.14 and a 52-week high of $606.27.

Insider Activity

In other news, CFO Jamie Samath sold 108 shares of Intuitive Surgical stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $542.06, for a total value of $58,542.48. Following the completion of the sale, the chief financial officer now directly owns 8,757 shares of the company’s stock, valued at approximately $4,746,819.42. The trade was a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary S. Guthart sold 18,151 shares of the business’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 directly owns 24,219 shares of the company’s stock, 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. Over the last ninety days, insiders sold 43,509 shares of company stock valued at $22,602,212. 0.80% of the stock is currently owned by corporate 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.