Hartford Financial Management Inc. Has $1.04 Million Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Hartford Financial Management Inc. grew its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 34,750.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,091 shares of the medical equipment provider's stock after purchasing an additional 2,085 shares during the period. Hartford Financial Management Inc.'s holdings in Intuitive Surgical were worth $1,036,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Atala Financial Inc bought a new position in shares of Intuitive Surgical in the fourth quarter valued at approximately $25,000. Parvin Asset Management LLC bought a new position in shares of Intuitive Surgical in the fourth quarter valued at approximately $26,000. Global Financial Private Client LLC boosted its holdings in Intuitive Surgical by 253.3% during the first quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock worth $26,000 after buying an additional 38 shares in the last quarter. BankPlus Trust Department bought a new stake in Intuitive Surgical during the fourth quarter worth approximately $28,000. Finally, Hurley Capital LLC bought a new stake in Intuitive Surgical during the fourth quarter worth approximately $28,000. Institutional investors own 83.64% of the company's stock.

Insiders Place Their Bets

In other Intuitive Surgical news, Director Jami K. Nachtsheim sold 2,400 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $520.00, for a total value of $1,248,000.00. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at $3,312,920. This represents a 27.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark Brosius sold 216 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $563.11, for a total transaction of $121,631.76. Following the completion of the sale, the senior vice president now owns 907 shares of the company's stock, valued at approximately $510,740.77. The trade was a 19.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,998 shares of company stock worth $2,611,577 in the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ISRG. Deutsche Bank Aktiengesellschaft cut shares of Intuitive Surgical from a "hold" rating to a "sell" rating and reduced their target price for the stock from $515.00 to $440.00 in a report on Monday, June 9th. Barclays reduced their target price on shares of Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Erste Group Bank upgraded shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Royal Bank Of Canada reduced their target price on shares of Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, BTIG Research set a $560.00 target price on shares of Intuitive Surgical and gave the stock a "buy" rating in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $588.95.

Intuitive Surgical Stock Performance

Shares of NASDAQ:ISRG traded down $0.13 during mid-day trading on Friday, hitting $509.36. The stock had a trading volume of 2,827,555 shares, compared to its average volume of 1,682,019. Intuitive Surgical, Inc. has a 12-month low of $413.82 and a 12-month high of $616.00. The company has a market cap of $182.56 billion, a PE ratio of 74.69, a P/E/G ratio of 5.40 and a beta of 1.67. The company's 50 day moving average is $527.71 and its 200-day moving average is $537.69.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last released its earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.71 by $0.10. Intuitive Surgical had a net margin of 28.41% and a return on equity of 14.43%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. On average, equities research analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

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.