Signaturefd LLC Grows Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Signaturefd LLC increased its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,808 shares of the medical equipment provider’s stock after acquiring an additional 315 shares during the quarter. Signaturefd LLC’s holdings in Intuitive Surgical were worth $4,075,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in ISRG. Howard Capital Management Group LLC increased its stake in shares of Intuitive Surgical by 4.5% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider’s stock worth $1,044,000 after purchasing an additional 92 shares in the last quarter. Principal Financial Group Inc. increased its position in Intuitive Surgical by 1.5% in the third quarter. Principal Financial Group Inc. now owns 602,393 shares of the medical equipment provider’s stock worth $295,938,000 after buying an additional 9,194 shares in the last quarter. Impax Asset Management Group plc raised its stake in shares of Intuitive Surgical by 43.9% in the third quarter. Impax Asset Management Group plc now owns 5,167 shares of the medical equipment provider’s stock worth $2,538,000 after buying an additional 1,577 shares during the period. Empowered Funds LLC lifted its position in shares of Intuitive Surgical by 4.4% during the 3rd quarter. Empowered Funds LLC now owns 8,177 shares of the medical equipment provider’s stock valued at $4,017,000 after buying an additional 345 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its position in shares of Intuitive Surgical by 6.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 29,180 shares of the medical equipment provider’s stock valued at $14,335,000 after buying an additional 1,835 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors.

Insider Activity at Intuitive Surgical

In other news, EVP Robert Desantis sold 11,545 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $499.22, for a total value of $5,763,494.90. Following the completion of the sale, the executive vice president now owns 5,224 shares in the company, valued at approximately $2,607,925.28. This trade represents a 68.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jamie Samath sold 94 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $571.11, for a total transaction of $53,684.34. Following the transaction, the chief financial officer now owns 2,630 shares in the company, valued at $1,502,019.30. The trade was a 3.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,754 shares of company stock worth $17,691,621. Company insiders own 0.90% of the company’s stock.

Intuitive Surgical Price Performance

Shares of ISRG stock opened at $484.44 on Monday. The company has a market cap of $172.55 billion, a PE ratio of 75.58, a price-to-earnings-growth ratio of 5.85 and a beta of 1.43. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00. The stock’s 50 day simple moving average is $567.46 and its two-hundred day simple moving average is $531.94.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Leerink Partners raised their target price on shares of Intuitive Surgical from $490.00 to $548.00 in a research note on Monday, January 27th. Bernstein Bank lifted their target price on shares of Intuitive Surgical from $655.00 to $700.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. BTIG Research increased their price target on Intuitive Surgical from $535.00 to $561.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Evercore ISI boosted their price objective on Intuitive Surgical from $490.00 to $530.00 in a research report on Monday, January 27th. Finally, Jefferies Financial Group upped their price objective on Intuitive Surgical from $475.00 to $575.00 in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $613.10.

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.