SPC Financial Inc. Acquires 35 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

SPC Financial Inc. boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,615 shares of the medical equipment provider’s stock after buying an additional 35 shares during the period. SPC Financial Inc.’s holdings in Intuitive Surgical were worth $843,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. M&T Bank Corp raised its stake in Intuitive Surgical by 1.2% during the 4th quarter. M&T Bank Corp now owns 69,396 shares of the medical equipment provider’s stock valued at $36,222,000 after purchasing an additional 815 shares during the period. NewSquare Capital LLC raised its stake in Intuitive Surgical by 23.0% during the 4th quarter. NewSquare Capital LLC now owns 123 shares of the medical equipment provider’s stock valued at $64,000 after purchasing an additional 23 shares during the period. J.Safra Asset Management Corp raised its stake in Intuitive Surgical by 151.5% during the 4th quarter. J.Safra Asset Management Corp now owns 503 shares of the medical equipment provider’s stock valued at $265,000 after purchasing an additional 303 shares during the period. Cookson Peirce & Co. Inc. raised its stake in Intuitive Surgical by 0.8% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 5,285 shares of the medical equipment provider’s stock valued at $2,759,000 after purchasing an additional 42 shares during the period. Finally, Triad Wealth Partners LLC purchased a new position in Intuitive Surgical during the 4th quarter valued at approximately $244,000. Institutional investors own 83.64% of the company’s stock.

Insider Buying and Selling at Intuitive Surgical

In other news, VP Fredrik Widman sold 810 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $573.78, for a total value of $464,761.80. Following the completion of the transaction, the vice president now directly owns 473 shares of the company’s stock, valued at approximately $271,397.94. The trade was a 63.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jamie Samath sold 270 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $540.15, for a total value of $145,840.50. Following the completion of the transaction, the chief financial officer now directly owns 8,757 shares of the company’s stock, valued at approximately $4,730,093.55. The trade was a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,598 shares of company stock valued at $7,223,467 in the last ninety days. Corporate insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ISRG. Raymond James raised their price target on Intuitive Surgical from $560.00 to $688.00 and gave the company an “outperform” rating in a report on Friday, January 24th. JPMorgan Chase & Co. raised their price target on Intuitive Surgical from $575.00 to $675.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Bernstein Bank raised their price target on Intuitive Surgical from $655.00 to $700.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Stifel Nicolaus raised their price target on Intuitive Surgical from $525.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group lifted their target price on Intuitive Surgical from $500.00 to $560.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $613.10.

Intuitive Surgical Stock Up 1.8 %

Shares of NASDAQ ISRG opened at $568.02 on Thursday. The business has a fifty day simple moving average of $571.70 and a two-hundred day simple moving average of $530.90. The firm has a market cap of $202.32 billion, a PE ratio of 88.61, a price-to-earnings-growth ratio of 5.85 and a beta of 1.43. Intuitive Surgical, Inc. has a twelve month low of $364.17 and a twelve 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.