Balance Wealth LLC Acquires 1,270 Shares of Intuitive Surgical, Inc. $ISRG

Balance Wealth LLC boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 51.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,758 shares of the medical equipment provider’s stock after acquiring an additional 1,270 shares during the period. Balance Wealth LLC’s holdings in Intuitive Surgical were worth $2,129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ISRG. Holos Integrated Wealth LLC bought a new stake in Intuitive Surgical in the 4th quarter valued at $25,000. Newbridge Financial Services Group Inc. raised its stake in Intuitive Surgical by 300.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 44 shares of the medical equipment provider’s stock valued at $25,000 after acquiring an additional 33 shares during the period. Greykasell Wealth Strategies Inc. acquired a new position in Intuitive Surgical in the 3rd quarter valued at about $27,000. Olistico Wealth LLC acquired a new position in Intuitive Surgical in the 4th quarter valued at about $28,000. Finally, Caitlin John LLC acquired a new position in Intuitive Surgical in the 3rd quarter valued at about $30,000. Institutional investors own 83.64% of the company’s stock.

Insider Activity

In other Intuitive Surgical news, EVP Myriam Curet sold 421 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $494.96, for a total transaction of $208,378.16. Following the transaction, the executive vice president owned 409 shares in the company, valued at $202,438.64. This represents a 50.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Fredrik Widman sold 133 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $494.96, for a total transaction of $65,829.68. Following the transaction, the vice president owned 660 shares in the company, valued at approximately $326,673.60. The trade was a 16.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 32,943 shares of company stock worth $17,279,568. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ISRG. TD Cowen upgraded shares of Intuitive Surgical to a “strong-buy” rating in a research note on Tuesday, January 27th. Citigroup upgraded shares of Intuitive Surgical from a “neutral” rating to a “buy” rating and set a $590.00 price target on the stock in a research note on Wednesday, March 11th. Wall Street Zen lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Argus decreased their price target on shares of Intuitive Surgical from $630.00 to $560.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Finally, HSBC upped their price target on shares of Intuitive Surgical from $644.00 to $653.00 and gave the company a “buy” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $611.77.

Intuitive Surgical Stock Up 0.1%

Shares of NASDAQ:ISRG opened at $452.95 on Wednesday. The company’s 50 day moving average price is $484.46 and its two-hundred day moving average price is $514.43. Intuitive Surgical, Inc. has a 12-month low of $427.84 and a 12-month high of $603.88. The firm has a market cap of $160.86 billion, a PE ratio of 57.41, a PEG ratio of 3.49 and a beta of 1.68.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.26. Intuitive Surgical had a net margin of 28.38% and a return on equity of 15.06%. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the prior year, the business posted $2.21 EPS. The business’s revenue was up 18.8% compared to the same quarter last year. On average, research analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Intuitive Surgical Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.