Williams Jones Wealth Management LLC. Acquires 8,447 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Williams Jones Wealth Management LLC. grew its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 179,143 shares of the medical equipment provider's stock after acquiring an additional 8,447 shares during the quarter. Williams Jones Wealth Management LLC. owned 0.05% of Intuitive Surgical worth $93,505,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Merit Financial Group LLC increased its stake in Intuitive Surgical by 49.7% during the 4th quarter. Merit Financial Group LLC now owns 6,664 shares of the medical equipment provider's stock worth $3,478,000 after purchasing an additional 2,213 shares in the last quarter. Sanibel Captiva Trust Company Inc. increased its position in shares of Intuitive Surgical by 46.9% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 930 shares of the medical equipment provider's stock worth $485,000 after acquiring an additional 297 shares in the last quarter. Ameritas Advisory Services LLC increased its position in shares of Intuitive Surgical by 24.8% during the fourth quarter. Ameritas Advisory Services LLC now owns 1,628 shares of the medical equipment provider's stock worth $850,000 after acquiring an additional 324 shares in the last quarter. LVW Advisors LLC raised its holdings in shares of Intuitive Surgical by 1.3% during the fourth quarter. LVW Advisors LLC now owns 1,448 shares of the medical equipment provider's stock worth $756,000 after acquiring an additional 19 shares during the period. Finally, Diversify Wealth Management LLC lifted its position in Intuitive Surgical by 101.7% in the 4th quarter. Diversify Wealth Management LLC now owns 8,063 shares of the medical equipment provider's stock valued at $4,414,000 after acquiring an additional 4,066 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company's stock.

Insiders Place Their Bets

In related news, CFO Jamie Samath sold 188 shares of Intuitive Surgical stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $566.94, for a total transaction of $106,584.72. Following the completion of the sale, the chief financial officer now directly owns 7,162 shares of the company's stock, valued at approximately $4,060,424.28. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Myriam Curet sold 2,401 shares of the business's 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 of the company's stock, valued at $205,093. This trade represents a 87.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,700 shares of company stock worth $16,865,621 over the last three months. Insiders own 0.70% of the company's stock.

Intuitive Surgical Price Performance

ISRG stock opened at $561.63 on Tuesday. Intuitive Surgical, Inc. has a one year low of $395.60 and a one year high of $616.00. The stock has a market cap of $201.30 billion, a price-to-earnings ratio of 87.62, a price-to-earnings-growth ratio of 5.85 and a beta of 1.70. The company has a fifty day moving average price of $506.50 and a two-hundred day moving average price of $537.23.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.71 by $0.10. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $1.50 EPS. Research analysts anticipate that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ISRG. Barclays dropped their price target on Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. BTIG Research set a $560.00 target price on Intuitive Surgical and gave the company a "buy" rating in a research report on Monday, April 14th. Truist Financial reduced their price target on Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. raised their price target on shares of Intuitive Surgical from $575.00 to $675.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group boosted their price objective on shares of Intuitive Surgical from $475.00 to $575.00 in a research report on Monday, January 27th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $598.95.

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.

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