Grant Private Wealth Management Inc Invests $1.80 Million in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Grant Private Wealth Management Inc acquired a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,450 shares of the medical equipment provider’s stock, valued at approximately $1,801,000. Intuitive Surgical comprises approximately 1.9% of Grant Private Wealth Management Inc’s investment portfolio, making the stock its 12th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC grew its holdings in Intuitive Surgical by 4.5% during the third quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider’s stock valued at $1,044,000 after purchasing an additional 92 shares during the period. Principal Financial Group Inc. boosted its position in shares of Intuitive Surgical by 1.5% during the third quarter. Principal Financial Group Inc. now owns 602,393 shares of the medical equipment provider’s stock worth $295,938,000 after purchasing an additional 9,194 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of Intuitive Surgical by 148.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 13,673 shares of the medical equipment provider’s stock valued at $6,718,000 after buying an additional 8,176 shares in the last quarter. Janus Henderson Group PLC raised its stake in Intuitive Surgical by 1.4% during the 3rd quarter. Janus Henderson Group PLC now owns 689,939 shares of the medical equipment provider’s stock worth $338,948,000 after buying an additional 9,727 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its holdings in Intuitive Surgical by 1.9% during the third quarter. Integrated Wealth Concepts LLC now owns 4,821 shares of the medical equipment provider’s stock worth $2,369,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Intuitive Surgical Stock Performance

Intuitive Surgical stock opened at $507.05 on Thursday. The stock has a 50-day simple moving average of $550.11 and a 200 day simple moving average of $532.84. The stock has a market capitalization of $180.60 billion, a P/E ratio of 79.10, a PEG ratio of 5.85 and a beta of 1.43. Intuitive Surgical, Inc. has a 52 week low of $364.17 and a 52 week high of $616.00.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Stifel Nicolaus increased their price target on Intuitive Surgical from $525.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company raised their target price on shares of Intuitive Surgical from $630.00 to $687.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Citigroup upped their price target on shares of Intuitive Surgical from $640.00 to $711.00 and gave the company a “buy” rating in a report on Friday, January 24th. Jefferies Financial Group boosted their price objective on shares of Intuitive Surgical from $475.00 to $575.00 in a research report on Monday, January 27th. Finally, Robert W. Baird lowered their target price on Intuitive Surgical from $707.00 to $600.00 and set an “outperform” rating for the company in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $611.86.

Insider Activity

In related news, 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 value of $53,684.34. Following the transaction, the chief financial officer now owns 2,630 shares in the company, valued at approximately $1,502,019.30. This represents a 3.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Myriam Curet sold 408 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $589.75, for a total transaction of $240,618.00. Following the sale, the executive vice president now owns 353 shares of the company’s stock, valued at $208,181.75. This trade represents a 53.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,754 shares of company stock valued at $17,691,621 over the last ninety days. 0.70% of the stock is currently owned by company insiders.

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.