KFG Wealth Management LLC Acquires Shares of 945 Intuitive Surgical, Inc. (NASDAQ:ISRG)

KFG Wealth Management LLC acquired a new stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 945 shares of the medical equipment provider's stock, valued at approximately $468,000.

Other institutional investors also recently modified their holdings of the company. First Affirmative Financial Network lifted its holdings in Intuitive Surgical by 10.6% in the first quarter. First Affirmative Financial Network now owns 1,091 shares of the medical equipment provider's stock worth $540,000 after buying an additional 105 shares during the period. Congress Asset Management Co. grew its holdings in shares of Intuitive Surgical by 1.7% during the 1st quarter. Congress Asset Management Co. now owns 312,708 shares of the medical equipment provider's stock worth $154,875,000 after acquiring an additional 5,078 shares during the period. Pines Wealth Management LLC bought a new position in shares of Intuitive Surgical in the 1st quarter worth approximately $216,000. SeaCrest Wealth Management LLC lifted its stake in shares of Intuitive Surgical by 1.9% in the 1st quarter. SeaCrest Wealth Management LLC now owns 2,019 shares of the medical equipment provider's stock valued at $1,000,000 after purchasing an additional 37 shares during the period. Finally, Procyon Advisors LLC boosted its position in shares of Intuitive Surgical by 11.7% during the first quarter. Procyon Advisors LLC now owns 7,534 shares of the medical equipment provider's stock valued at $3,731,000 after purchasing an additional 790 shares in the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ISRG shares. Evercore ISI decreased their price target on shares of Intuitive Surgical from $510.00 to $470.00 and set an "in-line" rating for the company in a research note on Wednesday, April 23rd. BTIG Research set a $560.00 price objective on shares of Intuitive Surgical and gave the stock a "buy" rating in a report on Monday, April 14th. Truist Financial decreased their target price on shares of Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Erste Group Bank raised Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Royal Bank of Canada cut their price target on Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $596.05.

Intuitive Surgical Stock Performance

Shares of NASDAQ ISRG opened at $557.08 on Friday. Intuitive Surgical, Inc. has a one year low of $413.52 and a one year high of $616.00. The firm has a market capitalization of $199.67 billion, a P/E ratio of 86.91, a PEG ratio of 5.85 and a beta of 1.67. The company's fifty day moving average is $521.99 and its two-hundred day moving average is $539.26.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted its 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. Intuitive Surgical had a return on equity of 14.55% and a net margin of 27.81%. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the company earned $1.50 earnings per share. On average, sell-side analysts forecast that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Brian Edward Miller sold 8,900 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 5,758 shares of the company's stock, valued at approximately $2,793,033.06. This trade represents a 60.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Desantis sold 188 shares of the company's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $515.91, for a total value of $96,991.08. Following the transaction, the executive vice president now owns 5,224 shares of the company's stock, valued at approximately $2,695,113.84. The trade was a 3.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,443 shares of company stock worth $12,692,195. 0.70% of the stock is currently owned by company insiders.

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.

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