Financial Advisory Corp Makes New Investment in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Financial Advisory Corp bought a new stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 495 shares of the medical equipment provider's stock, valued at approximately $258,000.

Other institutional investors have also made changes to their positions in the company. Integrated Advisors Network LLC increased its position in shares of Intuitive Surgical by 14.0% during the 4th quarter. Integrated Advisors Network LLC now owns 1,998 shares of the medical equipment provider's stock worth $1,043,000 after purchasing an additional 245 shares in the last quarter. Hall Capital Management Co. Inc. bought a new stake in Intuitive Surgical during the fourth quarter worth about $240,000. Ascent Group LLC increased its holdings in shares of Intuitive Surgical by 6.7% during the fourth quarter. Ascent Group LLC now owns 5,818 shares of the medical equipment provider's stock worth $3,037,000 after buying an additional 367 shares in the last quarter. Putney Financial Group LLC bought a new position in shares of Intuitive Surgical in the fourth quarter valued at approximately $356,000. Finally, AlphaCore Capital LLC raised its stake in shares of Intuitive Surgical by 4.2% in the fourth quarter. AlphaCore Capital LLC now owns 451 shares of the medical equipment provider's stock valued at $235,000 after acquiring an additional 18 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ISRG. Royal Bank of Canada lowered their target price on Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Truist Financial lowered their price objective on shares of Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Citigroup reaffirmed a "buy" rating and issued a $650.00 target price (up from $590.00) on shares of Intuitive Surgical in a research note on Thursday, May 22nd. Robert W. Baird decreased their price target on shares of Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Barclays dropped their price objective on shares of Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, Intuitive Surgical presently has an average rating of "Moderate Buy" and a consensus target price of $596.05.

Insider Activity

In related news, EVP Robert Desantis sold 11,545 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $499.22, for a total transaction of $5,763,494.90. Following the transaction, the executive vice president now directly owns 5,224 shares of the company's stock, valued at approximately $2,607,925.28. The trade was 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, EVP Myriam Curet sold 2,401 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $581.00, for a total value of $1,394,981.00. Following the completion of the sale, the executive vice president now owns 353 shares in the company, valued at approximately $205,093. This trade represents a 87.18% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,700 shares of company stock valued at $16,865,621. 0.70% of the stock is owned by company insiders.

Intuitive Surgical Trading Up 0.4%

Shares of NASDAQ:ISRG traded up $2.22 during mid-day trading on Wednesday, reaching $552.41. The stock had a trading volume of 1,009,584 shares, compared to its average volume of 1,645,420. Intuitive Surgical, Inc. has a twelve month low of $396.15 and a twelve month high of $616.00. The firm has a 50 day simple moving average of $514.87 and a two-hundred day simple moving average of $538.30. The firm has a market cap of $197.99 billion, a PE ratio of 86.18, a price-to-earnings-growth ratio of 5.85 and a beta of 1.70.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.10. The company had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.19 billion. Intuitive Surgical had a net margin of 27.81% and a return on equity of 14.55%. During the same quarter in the prior year, the company earned $1.50 earnings per share. On average, equities analysts anticipate that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

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.