IronOak Wealth LLC. Acquires New Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

IronOak Wealth LLC. acquired a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,056 shares of the medical equipment provider's stock, valued at approximately $1,595,000. Intuitive Surgical accounts for 1.8% of IronOak Wealth LLC.'s holdings, making the stock its 21st largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TFR Capital LLC. bought a new position in Intuitive Surgical during the 4th quarter worth approximately $3,252,000. Siemens Fonds Invest GmbH increased its holdings in shares of Intuitive Surgical by 795.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 143,818 shares of the medical equipment provider's stock worth $75,067,000 after acquiring an additional 127,753 shares in the last quarter. BridgePort Financial Solutions LLC acquired a new stake in shares of Intuitive Surgical during the fourth quarter worth about $330,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Intuitive Surgical during the 4th quarter valued at about $167,943,000. Finally, Employees Retirement System of Texas boosted its holdings in shares of Intuitive Surgical by 16.2% in the fourth quarter. Employees Retirement System of Texas now owns 8,346 shares of the medical equipment provider's stock valued at $4,356,000 after buying an additional 1,165 shares during the period. 83.64% of the stock is owned by institutional investors.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, Director Jami K. Nachtsheim sold 2,400 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $520.00, for a total value of $1,248,000.00. Following the completion of the transaction, the director now owns 6,371 shares in the company, valued at approximately $3,312,920. This represents a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brian Edward Miller sold 8,900 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $485.07, for a total transaction of $4,317,123.00. Following the sale, the executive vice president now owns 5,758 shares in the company, valued at approximately $2,793,033.06. This trade represents a 60.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,111 shares of company stock worth $15,364,055 over the last quarter. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Robert W. Baird reduced their price target on Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Erste Group Bank cut shares of Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. BTIG Research set a $560.00 price objective on shares of Intuitive Surgical and gave the company a "buy" rating in a research report on Monday, April 14th. Evercore ISI dropped their target price on shares of Intuitive Surgical from $510.00 to $470.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Finally, Truist Financial lowered their price target on shares of Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $596.05.

Intuitive Surgical Price Performance

Intuitive Surgical stock traded down $4.61 during trading hours on Friday, reaching $551.14. The stock had a trading volume of 2,091,011 shares, compared to its average volume of 1,647,940. The stock has a market cap of $197.54 billion, a PE ratio of 85.98, a PEG ratio of 5.85 and a beta of 1.70. The company has a fifty day simple moving average of $515.81 and a 200-day simple moving average of $538.43. Intuitive Surgical, Inc. has a 52 week low of $396.48 and a 52 week high of $616.00.

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

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.